📉 SOL Struggles Mount — Are Bears Gaining the Upper Hand?

From $188, Solana fell. SOL price is falling and may go below $170.

From the $188 US Dollar barrier zone, SOL price fell again.

The price is below $180 and the 100-hourly SMA.

On the hourly SOL/USD chart, a negative trend line connects to $176 barrier.

The pair might rise again if it breaks $180 resistance.
Again, Solana Prices Fall

Like Bitcoin and Ethereum, Solana pricing created a base over $170 and increased. SOL accelerated past $172 and $175 resistance.

Before falling below $170, the price tested $188 resistance. The price lately tried to rise from $170, its low. Price topped $172. It broke the 23.6% Fib retracement level of the latest drop from $188 swing high to $170 low.

Solana is below $180 and the 100-hour SMA. On the hourly SOL/USD chart, a negative trend line connects to $176 barrier.

The stock faces upward resistance at $176. Near $180 is the next significant resistance. $185 may be key resistance. Close above the $185 resistance zone might start another steady rise. The next hurdle is $192. Further rises might push the price beyond $200.

SOL Decline Again?
SOL might tumble again if it fails to break $176 barrier. Near $172 is first downside support. First big support is around $170.

A breach below $170 might push pricing below $165 and the trend line. If the price closes below $165, it may fall toward $160.

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, $170.

Key Resistance Levels: $176, $180.

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