{"id":164749,"date":"2026-05-13T05:08:09","date_gmt":"2026-05-13T05:08:09","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=164749"},"modified":"2026-05-13T05:08:09","modified_gmt":"2026-05-13T05:08:09","slug":"solana-sol-dips-modestly-but-traders-still-expect-bigger-move","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=164749","title":{"rendered":"Solana (SOL) Dips Modestly, But Traders Still Expect Bigger Move"},"content":{"rendered":"

Solana failed to stay above $96 and corrected some gains. SOL price is now consolidating and might aim for another increase above $98.<\/em><\/p>\n

SOL price started a downside correction below $96 against the US Dollar.
\nThe price is now trading above $94 and the 100-hourly simple moving average.
\nThere is a bullish trend line forming with support at $93.00 on the hourly chart of the SOL\/USD pair (data source from Kraken).
\nThe pair could extend losses if it dips below the $92 zone.<\/p>\n

Solana Price Remains Supported<\/h2>\n

Solana price failed to stay above $98 and started a downside correction, like Bitcoin<\/a> and Ethereum<\/a>. SOL dipped below $86 and $85 to enter a short-term bearish zone.<\/p>\n

There was a move below the 23.6% Fib retracement level of the upward wave from the $87.61 swing low to the $98.47 high. The price even tested the $93.65 support. Besides, there is a bullish trend line forming with support at $93.00 on the hourly chart of the SOL\/USD pair.<\/p>\n

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

Solana is now trading above $94 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $96 level. The next major resistance is near the $98 level. The main resistance could be $102. A successful close above the $102 resistance zone could set the pace for another steady increase. The next key resistance is $105. Any more gains might send the price toward the $112 level.<\/p>\n

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

If SOL fails to rise above the $96 resistance, it could start another decline. Initial support on the downside is near the $94 zone, the trend line, and the 50% Fib retracement level of the upward wave from the $87.61 swing low to the $98.47 high. The first major support is near the $90 level.<\/p>\n

A break below the $90 level might send the price toward the $88 support zone. If there is a close below the $88 support, the price could decline toward the $84 support in the near term.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 The MACD for SOL\/USD is gaining pace in the bullish zone.<\/p>\n

Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is above the 50 level.<\/p>\n

Major Support Levels \u2013 $94.00 and $90.00.<\/p>\n

Major Resistance Levels \u2013 $96.00 and $98.00.<\/p>","protected":false},"excerpt":{"rendered":"

Solana failed to stay above $96 and corrected some gains. SOL price is now consolidating and might aim for another increase above $98. SOL price started a downside correction below $96 against the US Dollar. The price is now trading above $94 and the 100-hourly simple moving average. There is a bullish trend line forming […]<\/p>\n","protected":false},"author":0,"featured_media":164750,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-164749","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\/164749"}],"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=164749"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/164749\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/164750"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=164749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=164749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=164749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}