{"id":109838,"date":"2025-11-03T05:58:42","date_gmt":"2025-11-03T05:58:42","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=109838"},"modified":"2025-11-03T05:58:42","modified_gmt":"2025-11-03T05:58:42","slug":"solana-sol-nosedives-sellers-tighten-grip-recovery-attempts-fail","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=109838","title":{"rendered":"Solana (SOL) Nosedives \u2014 Sellers Tighten Grip, Recovery Attempts Fail"},"content":{"rendered":"

Solana started a fresh decline from the $188 zone. SOL price is now consolidating losses below $180 and might decline further below $175.<\/em><\/p>\n

SOL price started a fresh decline below $185 and $180 against the US Dollar.
\nThe price is now trading below $182 and the 100-hourly simple moving average.
\nThere is a key bearish trend line forming with resistance at $192 on the hourly chart of the SOL\/USD pair (data source from Kraken).
\nThe price could start another increase if the bulls defend $175 or $172.<\/p>\n

Solana Price Dips Again<\/h2>\n

Solana price extended gains above $180 and $182, like Bitcoin<\/a> and Ethereum<\/a>. SOL even surpassed $188 before the bears appeared. A high was formed near $189 and the price dropped.<\/p>\n

There was a move below $185 and $180. A low was formed at $176, and the price is now consolidating losses with a bearish angle below the 23.6% Fib retracement level of the downward move from the $188 swing high to the $176 low. Besides, there is a key bearish trend line forming with resistance at $192 on the hourly chart of the SOL\/USD pair.<\/p>\n

Solana is now trading below $185 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $182 level or the 50% Fib retracement level of the downward move from the $188 swing high to the $176 low.<\/p>\n

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

The next major resistance is near the $185 level. The main resistance could be $188. A successful close above the $188 resistance zone could set the pace for another steady increase. The next key resistance is $192 and the trend line. Any more gains might send the price toward the $200 level.<\/p>\n

Downside Continuation In SOL?<\/h2>\n

If SOL fails to rise above the $188 resistance, it could continue to move down. Initial support on the downside is near the $175 zone. The first major support is near the $172 level.<\/p>\n

A break below the $172 level might send the price toward the $165 support zone. If there is a close below the $165 support, the price could decline toward the $150 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 $175 and $172.<\/p>\n

Major Resistance Levels \u2013 $188 and $192.<\/p>","protected":false},"excerpt":{"rendered":"

Solana started a fresh decline from the $188 zone. SOL price is now consolidating losses below $180 and might decline further below $175. SOL price started a fresh decline below $185 and $180 against the US Dollar. The price is now trading below $182 and the 100-hourly simple moving average. There is a key bearish […]<\/p>\n","protected":false},"author":0,"featured_media":109839,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-109838","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\/109838"}],"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=109838"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/109838\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/109839"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=109838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=109838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=109838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}