{"id":121359,"date":"2025-12-18T05:28:07","date_gmt":"2025-12-18T05:28:07","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=121359"},"modified":"2025-12-18T05:28:07","modified_gmt":"2025-12-18T05:28:07","slug":"solana-sol-fights-to-hold-120-is-the-next-move-lower","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=121359","title":{"rendered":"Solana (SOL) Fights to Hold $120\u2014Is the Next Move Lower?"},"content":{"rendered":"

Solana failed to settle above $132 and nosedived. SOL price is now consolidating losses below $130 and might decline further below $120.<\/em><\/p>\n

SOL price started a fresh decline below $130 and $128 against the US Dollar.
\nThe price is now trading below $128 and the 100-hourly simple moving average.
\nThere is a key bearish trend line forming with resistance at $131 on the hourly chart of the SOL\/USD pair (data source from Kraken).
\nThe price could start a recovery wave if the bulls defend $122 or $120.<\/p>\n

Solana Price Dips Again<\/h2>\n

Solana price failed to remain stable above $132 and started a fresh decline, like Bitcoin<\/a> and Ethereum<\/a>. SOL declined below the $130 and $128 support levels.<\/p>\n

The price gained bearish momentum below $126. A low was formed at $121, and the price is now consolidating losses. The price recovered a few points and tested the 23.6% Fib retracement level of the downward move from the $134 swing high to the $121 low.<\/p>\n

Solana is now trading below $128 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $125 level. The next major resistance is near the $128 level or the 50% Fib retracement level of the downward move from the $134 swing high to the $121 low.<\/p>\n

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

The main resistance could be $130. There is also a key bearish trend line forming with resistance at $131 on the hourly chart of the SOL\/USD pair. A successful close above the $132 resistance zone could set the pace for another steady increase. The next key resistance is $140. Any more gains might send the price toward the $145 level.<\/p>\n

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

If SOL fails to rise above the $128 resistance, it could continue to move down. Initial support on the downside is near the $122 zone. The first major support is near the $120 level.<\/p>\n

A break below the $120 level might send the price toward the $112 support zone. If there is a close below the $112 support, the price could decline toward the $105 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 $122 and $120.<\/p>\n

Major Resistance Levels \u2013 $128 and $131.<\/p>","protected":false},"excerpt":{"rendered":"

Solana failed to settle above $132 and nosedived. SOL price is now consolidating losses below $130 and might decline further below $120. SOL price started a fresh decline below $130 and $128 against the US Dollar. The price is now trading below $128 and the 100-hourly simple moving average. There is a key bearish trend […]<\/p>\n","protected":false},"author":0,"featured_media":121360,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-121359","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\/121359"}],"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=121359"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/121359\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/121360"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=121359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=121359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=121359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}