{"id":57244,"date":"2025-04-07T05:08:20","date_gmt":"2025-04-07T05:08:20","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=57244"},"modified":"2025-04-07T05:08:20","modified_gmt":"2025-04-07T05:08:20","slug":"solana-sol-freefall-can-it-hold-above-the-100-danger-zone","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=57244","title":{"rendered":"Solana (SOL) Freefall\u2014Can It Hold Above The $100 Danger Zone?"},"content":{"rendered":"

Solana started a fresh decline below the $112 support zone. SOL price is now consolidating and might struggle to stay above the $100 support zone.<\/em><\/p>\n

SOL price started a fresh decline below $112 support zone against the US Dollar.
\nThe price is now trading below $105 and the 100-hourly simple moving average.
\nThere was a break below a key contracting triangle with support at $118 on the hourly chart of the SOL\/USD pair (data source from Kraken).
\nThe pair could accelerate lower if there is a break below the $100 support zone.<\/p>\n

Solana Price Dips Over 15%<\/h2>\n

Solana price started a fresh decline below the $122 and $115 levels, like Bitcoin<\/a> and Ethereum<\/a>. SOL even declined below the $112 support level to enter a bearish zone.<\/p>\n

There was a break below a key contracting triangle with support at $118 on the hourly chart of the SOL\/USD pair. The price declined over 15% and traded close to the $102 level. A low was formed at $102 and the price recently started a consolidation phase.<\/p>\n

The current price action is still very bearish below 23.6% Fib retracement level of the downward move from the $121 swing high to the $102 low. Solana is now trading below $105 and the 100-hourly simple moving average.<\/p>\n

On the upside, the price is facing resistance near the $105 level. The next major resistance is near the $112 level or the 50% Fib retracement level of the downward move from the $121 swing high to the $102 low. The main resistance could be $116.<\/p>\n

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

A successful close above the $116 resistance zone could set the pace for another steady increase. The next key resistance is $120. Any more gains might send the price toward the $125 level.<\/p>\n

Another Decline in SOL?<\/h2>\n

If SOL fails to rise above the $105 resistance, it could start another decline. Initial support on the downside is near the $102 zone. The first major support is near the $100 level.<\/p>\n

A break below the $100 level might send the price toward the $92 zone. If there is a close below the $92 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 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 $102 and $100.<\/p>\n

Major Resistance Levels \u2013 $105 and $112.<\/p>","protected":false},"excerpt":{"rendered":"

Solana started a fresh decline below the $112 support zone. SOL price is now consolidating and might struggle to stay above the $100 support zone. SOL price started a fresh decline below $112 support zone against the US Dollar. The price is now trading below $105 and the 100-hourly simple moving average. There was a […]<\/p>\n","protected":false},"author":0,"featured_media":57245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-57244","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\/57244"}],"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=57244"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57244\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/57245"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}