🚨 Support Breached: Solana Falls Through $185, Aggressive Bears Scent Blood
From $210, Solana fell. SOL price is falling and may go below $172.
After failing to break $210 against the US Dollar, SOL price fell again.
The price is below $185 and the 100-hourly SMA.
On the hourly SOL/USD chart, a negative trend line connects to $188 barrier.
The pair might rise again if it breaks $188 resistance.
Again, Solana Prices Fall
Bitcoin and Ethereum fell as Solana failed to break $210. SOL fell below $200 and $188 support to enter a short-term bearish zone.
Bears pushed the price below the 50% Fib retracement line of the $173 swing low to $209 high upward rise. On the SOL/USD hourly chart, a negative trend line connects to $188 barrier.
Solana is below $185 and the 100-hour SMA. It is also below the 76.4% Fib retracement of the $173 swing low to $209 high bullish advance.
The price faces upward resistance at $182. Near $184 is the next significant resistance. The $188 resistance may be key. Close over the $188 barrier zone might start another steady rise. The next hurdle is $192. Further rises might push the price beyond $200.
More SOL losses?
SOL may fall if it fails to break $182. Near $175 is first downside support. Near $172 is the first big support.
Breach below $172 might push price to $162 support zone. If the stock closes below $162, it may fall below $150.
Tech Indicators
MACD hourly for SOL/USD is rising in the negative zone.
Hourly RSI – RSI for SOL/USD is below 50.
Major Support Levels: $172, $162.
Major Resistance: $182, $188.
