{"id":108595,"date":"2025-10-29T05:08:58","date_gmt":"2025-10-29T05:08:58","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=108595"},"modified":"2025-10-29T05:08:58","modified_gmt":"2025-10-29T05:08:58","slug":"solana-sol-weakens-again-break-below-200-opens-door-for-further-decline","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=108595","title":{"rendered":"Solana (SOL) Weakens Again \u2014 Break Below $200 Opens Door For Further Decline"},"content":{"rendered":"

Solana failed to stay above $200 and corrected gains. SOL price is now trading below $200 and might decline further if it dips below $192.<\/em><\/p>\n

SOL price started a downside correction below $200 against the US Dollar.
\nThe price is now trading below $198 and the 100-hourly simple moving average.
\nThere was a break below a bullish trend line with support at $198 on the hourly chart of the SOL\/USD pair (data source from Kraken).
\nThe pair could extend losses if it dips below the $192 zone.<\/p>\n

Solana Price Corrects Some Gains<\/h2>\n

Solana price started a decent increase after it settled above the $192 zone, beating Bitcoin<\/a> and Ethereum<\/a>. SOL climbed above the $198 level to enter a short-term positive zone.<\/p>\n

The price even smashed the $200 resistance. A high was formed near $205 and the price recently corrected some gains. There was a move below the 23.6% Fib retracement level of the upward wave from the $177 swing low to the $205 high.<\/p>\n

Besides, there was a break below a bullish trend line with support at $198 on the hourly chart of the SOL\/USD pair. Solana is now trading below $198 and the 100-hourly simple moving average.<\/p>\n

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

On the upside, the price is facing resistance near the $198 level. The next major resistance is near the $200 level. The main resistance could be $205. A successful close above the $205 resistance zone could set the pace for another steady increase. The next key resistance is $212. Any more gains might send the price toward the $220 level.<\/p>\n

More Losses In SOL?<\/h2>\n

If SOL fails to rise above the $200 resistance, it could start another decline. Initial support on the downside is near the $192 zone and the 50% Fib retracement level of the upward wave from the $177 swing low to the $205 high. The first major support is near the $188 level.<\/p>\n

A break below the $188 level might send the price toward the $180 support zone. If there is a close below the $180 support, the price could decline toward the $166 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 $192 and $188.<\/p>\n

Major Resistance Levels \u2013 $200 and $205.<\/p>","protected":false},"excerpt":{"rendered":"

Solana failed to stay above $200 and corrected gains. SOL price is now trading below $200 and might decline further if it dips below $192. SOL price started a downside correction below $200 against the US Dollar. The price is now trading below $198 and the 100-hourly simple moving average. There was a break below […]<\/p>\n","protected":false},"author":0,"featured_media":108596,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-108595","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\/108595"}],"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=108595"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/108595\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/108596"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=108595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=108595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=108595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}