{"id":152944,"date":"2026-04-20T05:08:08","date_gmt":"2026-04-20T05:08:08","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=152944"},"modified":"2026-04-20T05:08:08","modified_gmt":"2026-04-20T05:08:08","slug":"solana-sol-faces-another-rejection-is-a-deeper-correction-ahead","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=152944","title":{"rendered":"Solana (SOL) Faces Another Rejection, Is A Deeper Correction Ahead?"},"content":{"rendered":"

Solana failed to settle above $90 and extended losses. SOL price is now consolidating losses below $85 and might struggle to start a recovery wave.<\/em><\/p>\n

SOL price started a fresh decline below $88 and $85 against the US Dollar.
\nThe price is now trading below $85 and the 100-hourly simple moving average.
\nThere is a bearish trend line forming with resistance at $85.50 on the hourly chart of the SOL\/USD pair (data source from Kraken).
\nThe price could start a recovery wave if the bulls defend $82 or $80.<\/p>\n

Solana Price Dips Below $85<\/h2>\n

Solana price failed to remain stable above $90 and started a fresh decline, like Bitcoin<\/a> and Ethereum<\/a>. SOL declined below the $88 and $86 levels.<\/p>\n

The bears even pushed the price toward $82. A low was formed at $82.92, and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $90.75 swing high to the $82.92 low.<\/p>\n

Solana is now trading below $86 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $85 level. There is also a bearish trend line forming with resistance at $85.50 on the hourly chart of the SOL\/USD pair.<\/p>\n

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

The next major resistance is near the $86.80 level or the 50% Fib retracement level of the downward move from the $90.75 swing high to the $82.92 low. The main resistance could be $88. A successful close above the $88 resistance zone could set the pace for another steady increase. The next key resistance is $90. Any more gains might send the price toward the $92 level.<\/p>\n

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

If SOL fails to rise above the $86.80 resistance, it could continue to move down. Initial support on the downside is near the $82.80 zone. The first major support is near the $82 level.<\/p>\n

A break below the $82 level might send the price toward the $80 support zone. If there is a close below the $80 support, the price could decline toward the $76 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 $82 and $80.<\/p>\n

Major Resistance Levels \u2013 $86.80 and $88.00.<\/p>","protected":false},"excerpt":{"rendered":"

Solana failed to settle above $90 and extended losses. SOL price is now consolidating losses below $85 and might struggle to start a recovery wave. SOL price started a fresh decline below $88 and $85 against the US Dollar. The price is now trading below $85 and the 100-hourly simple moving average. There is a […]<\/p>\n","protected":false},"author":0,"featured_media":152945,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-152944","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\/152944"}],"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=152944"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/152944\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/152945"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=152944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=152944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=152944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}