{"id":102940,"date":"2025-10-08T05:08:25","date_gmt":"2025-10-08T05:08:25","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=102940"},"modified":"2025-10-08T05:08:25","modified_gmt":"2025-10-08T05:08:25","slug":"solana-sol-declines-again-is-this-a-dip-worth-buying-for-recovery","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=102940","title":{"rendered":"Solana (SOL) Declines Again \u2013 Is This A Dip Worth Buying For Recovery?"},"content":{"rendered":"

Solana started a fresh decline from the $238 zone. SOL price is now consolidating losses below $225 and might decline further below $218.<\/em><\/p>\n

SOL price started a fresh decline below $232 and $230 against the US Dollar.
\nThe price is now trading below $225 and the 100-hourly simple moving average.
\nThere was a break below a key bullish trend line with support at $230 on the hourly chart of the SOL\/USD pair (data source from Kraken).
\nThe price could start another increase if the bulls defend $218 or $212.<\/p>\n

Solana Price Dips Below Support<\/h2>\n

Solana price extended gains above $225 and $230, like Bitcoin<\/a> and Ethereum<\/a>. SOL even surpassed $235 before the bears appeared. A high was formed near $238 and the price dropped.<\/p>\n

There was a move below $232. Besides, there was a break below a key bullish trend line with support at $230 on the hourly chart of the SOL\/USD pair. The pair traded as low as $217.47 and is currently consolidating losses below the 23.6% Fib retracement level of the recent decline from the $237 swing high to the $217 low.<\/p>\n

Solana is now trading below $225 and the 100-hourly simple moving average. If there is a recovery wave, the price could face resistance near the $222 level. The next major resistance is near the $228 level or the 50% Fib retracement level of the recent decline from the $237 swing high to the $217 low.<\/p>\n

<\/a><\/p>\n

The main resistance could be $230. A successful close above the $230 resistance zone could set the pace for another steady increase. The next key resistance is $238. Any more gains might send the price toward the $245 level.<\/p>\n

Another Drop In SOL?<\/h2>\n

If SOL fails to rise above the $230 resistance, it could continue to move down. Initial support on the downside is near the $218 zone. The first major support is near the $212 level.<\/p>\n

A break below the $212 level might send the price toward the $200 support zone. If there is a close below the $200 support, the price could decline toward the $188 support in the near term.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 The MACD for SOL\/USD is gaining pace in the bearish zone.<\/p>\n

Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is below the 50 level.<\/p>\n

Major Support Levels \u2013 $218 and $212.<\/p>\n

Major Resistance Levels \u2013 $230 and $238.<\/p>","protected":false},"excerpt":{"rendered":"

Solana started a fresh decline from the $238 zone. SOL price is now consolidating losses below $225 and might decline further below $218. SOL price started a fresh decline below $232 and $230 against the US Dollar. The price is now trading below $225 and the 100-hourly simple moving average. There was a break below […]<\/p>\n","protected":false},"author":0,"featured_media":102941,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-102940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/102940"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=102940"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/102940\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/102941"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=102940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=102940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=102940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}