{"id":122732,"date":"2025-12-24T05:18:45","date_gmt":"2025-12-24T05:18:45","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=122732"},"modified":"2025-12-24T05:18:45","modified_gmt":"2025-12-24T05:18:45","slug":"solana-sol-at-risk-of-fresh-bearish-wave-traders-turn-cautious","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=122732","title":{"rendered":"Solana (SOL) At Risk of Fresh Bearish Wave, Traders Turn Cautious"},"content":{"rendered":"

Solana failed to stay above $126 and corrected gains. SOL price is now trading below $125 and might find bids near the $120 zone.<\/em><\/p>\n

SOL price started a downside correction below $125 against the US Dollar.
\nThe price is now trading above $125 and the 100-hourly simple moving average.
\nThere is a bearish trend line forming with resistance at $124 on the hourly chart of the SOL\/USD pair (data source from Kraken).
\nThe pair could extend losses if it dips below the $120 zone.<\/p>\n

Solana Price Starts Downside Correction<\/h2>\n

Solana price failed to surpass $130 and started a downside correction, like Bitcoin<\/a> and Ethereum<\/a>. SOL dipped below $126 and $125 to enter a short-term bearish zone.<\/p>\n

There was a move below the 50% Fib retracement level of the upward wave from the $117 swing low to the $127 high. However, the bulls are active near $122. Besides, there is a bearish trend line forming with resistance at $124 on the hourly chart of the SOL\/USD pair.<\/p>\n

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

Solana is now trading below $125 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $125 level and the trend line. The next major resistance is near the $128 level. The main resistance could be $130. A successful close above the $130 resistance zone could set the pace for another steady increase. The next key resistance is $135. Any more gains might send the price toward the $142 level.<\/p>\n

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

If SOL fails to rise above the $125 resistance, it could start another decline. Initial support on the downside is near the $122 zone. The first major support is near the $120 level and the 76.4% Fib retracement level of the upward wave from the $117 swing low to the $127 high.<\/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 $125 and $128.<\/p>","protected":false},"excerpt":{"rendered":"

Solana failed to stay above $126 and corrected gains. SOL price is now trading below $125 and might find bids near the $120 zone. SOL price started a downside correction below $125 against the US Dollar. The price is now trading above $125 and the 100-hourly simple moving average. There is a bearish trend line […]<\/p>\n","protected":false},"author":0,"featured_media":122733,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-122732","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\/122732"}],"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=122732"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/122732\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/122733"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=122732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=122732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=122732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}