{"id":177878,"date":"2026-06-10T05:28:33","date_gmt":"2026-06-10T05:28:33","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=177878"},"modified":"2026-06-10T05:28:33","modified_gmt":"2026-06-10T05:28:33","slug":"solana-sol-back-on-the-defensive-can-bulls-prevent-another-drop","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=177878","title":{"rendered":"Solana (SOL) Back On The Defensive\u2014Can Bulls Prevent Another Drop?"},"content":{"rendered":"

Solana failed to stay above $67 and corrected some gains. SOL price is moving lower and might aim for another increase if it stays above $63.00.<\/em><\/p>\n

SOL price started a downside correction below $66 against the US Dollar.
\nThe price is now trading below $65 and the 100-hourly simple moving average.
\nThere was a break below a bullish trend line with support at $66 on the hourly chart of the SOL\/USD pair (data source from Kraken).
\nThe pair could extend losses if it dips below the $63 zone.<\/p>\n

Solana Price Dips Again<\/h2>\n

Solana price failed to stay above $67 and started a downside correction, like Bitcoin<\/a> and Ethereum<\/a>. SOL dipped below $66 and $65 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 $60.12 swing low to the $67.90 high. There was a break below a bullish trend line with support at $66 on the hourly chart of the SOL\/USD pair.\u00a0 The price even tested the $63.20 support.<\/p>\n

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

Solana is now trading below $65 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $65 level. The next major resistance is near the $66 level. The main resistance could be $67.20. A successful close above the $67.20 resistance zone could set the pace for another steady increase. The next key resistance is $68. Any more gains might send the price toward the $70 level.<\/p>\n

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

If SOL fails to rise above the $66 resistance, it could start another decline. Initial support on the downside is near the $63.10 zone and the 61.8% Fib retracement level of the upward wave from the $60.12 swing low to the $67.90 high. The first major support is near the $62.20 level.<\/p>\n

A break below the $62.20 level might send the price toward the $60 support zone. If there is a close below the $60 support, the price could decline toward the $55 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 $63.10 and $62.50.<\/p>\n

Major Resistance Levels \u2013 $65.00 and $67.20.<\/p>","protected":false},"excerpt":{"rendered":"

Solana failed to stay above $67 and corrected some gains. SOL price is moving lower and might aim for another increase if it stays above $63.00. SOL price started a downside correction below $66 against the US Dollar. The price is now trading below $65 and the 100-hourly simple moving average. There was a break […]<\/p>\n","protected":false},"author":0,"featured_media":177879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-177878","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\/177878"}],"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=177878"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/177878\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/177879"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=177878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=177878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=177878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}