{"id":66473,"date":"2025-05-15T05:08:42","date_gmt":"2025-05-15T05:08:42","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=66473"},"modified":"2025-05-15T05:08:42","modified_gmt":"2025-05-15T05:08:42","slug":"solana-sol-finds-support-rally-may-be-ready-to-resume","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=66473","title":{"rendered":"Solana (SOL) Finds Support \u2014 Rally May Be Ready to Resume"},"content":{"rendered":"

Solana started a fresh increase above the $175 zone. SOL price is now correcting gains and might find bids near the $172 support zone.<\/em><\/p>\n

SOL price started a fresh upward move above the $160 and $165 levels against the US Dollar.
\nThe price is now trading near $175 and the 100-hourly simple moving average.
\nThere is a short-term declining channel or a bullish flag forming with support at $172 on the hourly chart of the SOL\/USD pair (data source from Kraken).
\nThe pair could start a fresh increase if it clears the $180 resistance zone.<\/p>\n

Solana Price Corrects Gains<\/h2>\n

Solana price formed a base above the $155 support and started a fresh increase, like Bitcoin<\/a> and Ethereum<\/a>. SOL gained pace for a move above the $160 and $165 resistance levels.<\/p>\n

However, the bears were active below the $185 resistance zone. A high was formed at $184.75 and the price corrected some gains. The price dipped below $180 and $178. The price dipped below the 50% Fib retracement level of the upward move from the $166 swing low to the $185 high.<\/p>\n

However, the bulls are active above the $172 level and the 61.8% Fib retracement level of the upward move from the $166 swing low to the $185 high. Solana is now trading near $175 and the 100-hourly simple moving average. There is also a short-term declining channel or a bullish flag forming with support at $172 on the hourly chart of the SOL\/USD pair.<\/p>\n

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

On the upside, the price is facing resistance near the $178 level. The next major resistance is near the $180 level. The main resistance could be $185. A successful close above the $185 resistance zone could set the pace for another steady increase. The next key resistance is $192. Any more gains might send the price toward the $200 level.<\/p>\n

Downside Correction in SOL?<\/h2>\n

If SOL fails to rise above the $180 resistance, it could start another decline. Initial support on the downside is near the $172 zone. The first major support is near the $170 level.<\/p>\n

A break below the $170 level might send the price toward the $162 zone. If there is a close below the $162 support, the price could decline toward the $150 support in the near term.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 The MACD for SOL\/USD is losing pace in the bullish 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 $172 and $170.<\/p>\n

Major Resistance Levels \u2013 $180 and $185.<\/p>","protected":false},"excerpt":{"rendered":"

Solana started a fresh increase above the $175 zone. SOL price is now correcting gains and might find bids near the $172 support zone. SOL price started a fresh upward move above the $160 and $165 levels against the US Dollar. The price is now trading near $175 and the 100-hourly simple moving average. There […]<\/p>\n","protected":false},"author":0,"featured_media":66474,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-66473","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\/66473"}],"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=66473"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/66473\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/66474"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=66473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=66473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=66473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}