{"id":171667,"date":"2026-05-28T05:08:44","date_gmt":"2026-05-28T05:08:44","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=171667"},"modified":"2026-05-28T05:08:44","modified_gmt":"2026-05-28T05:08:44","slug":"solana-sol-plunges-lower-market-sentiment-turns-sharply-bearish","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=171667","title":{"rendered":"Solana (SOL) Plunges Lower, Market Sentiment Turns Sharply Bearish"},"content":{"rendered":"

Solana failed to settle above $85 and trimmed most gains. SOL price is now consolidating losses above $80 and might continue to move down.<\/em><\/p>\n

SOL price started a fresh decline below $84 and $82 against the US Dollar.
\nThe price is now trading below $82 and the 100-hourly simple moving average.
\nThere was a break below a declining channel with support at $82 on the hourly chart of the SOL\/USD pair (data source from Kraken).
\nThe price could start a recovery wave if the bulls defend $80 or $78.50.<\/p>\n

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

Solana price failed to remain stable above $84 and started a fresh decline, like Bitcoin<\/a> and Ethereum<\/a>. SOL declined below the $82 and $81.50 levels.<\/p>\n

Besides, there was a break below a declining channel with support at $82 on the hourly chart of the SOL\/USD pair. The bears even pushed the price toward $80. A low was formed at $79.92, and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $84.65 swing high to the $79.92 low.<\/p>\n

Solana is now trading below $82 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $81.10 level. The next major resistance is near the $82.20 level or the 50% Fib retracement level of the downward move from the $84.65 swing high to the $79.92 low.<\/p>\n

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

The main resistance could be $82.80. A successful close above the $82.80 resistance zone could set the pace for another steady increase. The next key resistance is $84.50. Any more gains might send the price toward the $85 level.<\/p>\n

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

If SOL fails to rise above the $82.80 resistance, it could continue to move down. Initial support on the downside is near the $80 zone. The first major support is near the $78.50 level.<\/p>\n

A break below the $78.50 level might send the price toward the $72 support zone. If there is a close below the $72 support, the price could decline toward the $70 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 $79.92 and $78.50.<\/p>\n

Major Resistance Levels \u2013 $82.20 and $82.80.<\/p>","protected":false},"excerpt":{"rendered":"

Solana failed to settle above $85 and trimmed most gains. SOL price is now consolidating losses above $80 and might continue to move down. SOL price started a fresh decline below $84 and $82 against the US Dollar. The price is now trading below $82 and the 100-hourly simple moving average. There was a break […]<\/p>\n","protected":false},"author":0,"featured_media":171668,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-171667","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\/171667"}],"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=171667"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/171667\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/171668"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=171667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=171667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=171667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}