{"id":167970,"date":"2026-05-20T04:48:49","date_gmt":"2026-05-20T04:48:49","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=167970"},"modified":"2026-05-20T04:48:49","modified_gmt":"2026-05-20T04:48:49","slug":"solana-sol-drops-into-bearish-zone-key-supports-come-under-threat","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=167970","title":{"rendered":"Solana (SOL) Drops Into Bearish Zone, Key Supports Come Under Threat"},"content":{"rendered":"

Solana failed to settle above $92 and corrected most gains. SOL price is now consolidating losses above $84 and might attempt another increase.<\/em><\/p>\n

SOL price started a fresh decline below $90 and $88 against the US Dollar.
\nThe price is now trading below $87 and the 100-hourly simple moving average.
\nThere is a connecting bearish trend line forming with resistance at $85 on the hourly chart of the SOL\/USD pair (data source from Kraken).
\nThe price could start a recovery wave if the bulls defend $84.00 or $82.50.<\/p>\n

Solana Price Dips From $94<\/h2>\n

Solana price failed to remain stable above $92 and started a fresh decline, like Bitcoin<\/a> and Ethereum<\/a>. SOL declined below the $90 and $88 levels.<\/p>\n

The bears even pushed the price toward $83. A low was formed at $83.35, and the price is now consolidating losses. The price is still showing bearish signs below the 23.6% Fib retracement level of the downward move from the $93.63 swing high to the $83.35 low.<\/p>\n

Solana is now trading near $85 and the 100-hourly simple moving average. Besides, there is a connecting bearish trend line forming with resistance at $85 on the hourly chart of the SOL\/USD pair.<\/p>\n

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

On the upside, immediate resistance is near the $85 level. The next major resistance is near the $85.80 level. The main resistance could be $88.50 or the 50% Fib retracement level of the downward move from the $93.63 swing high to the $83.35 low. A successful close above the $88.50 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 $88.80 resistance, it could continue to move down. Initial support on the downside is near the $83.50 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 $75 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 $83.50 and $82.00.<\/p>\n

Major Resistance Levels \u2013 $85.80 and $88.50.<\/p>","protected":false},"excerpt":{"rendered":"

Solana failed to settle above $92 and corrected most gains. SOL price is now consolidating losses above $84 and might attempt another increase. SOL price started a fresh decline below $90 and $88 against the US Dollar. The price is now trading below $87 and the 100-hourly simple moving average. There is a connecting bearish […]<\/p>\n","protected":false},"author":0,"featured_media":167971,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-167970","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\/167970"}],"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=167970"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/167970\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/167971"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=167970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=167970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=167970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}