{"id":67593,"date":"2025-05-20T05:08:14","date_gmt":"2025-05-20T05:08:14","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=67593"},"modified":"2025-05-20T05:08:14","modified_gmt":"2025-05-20T05:08:14","slug":"solana-sol-holds-ground-in-tight-range-traders-watch-for-directional-cue","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=67593","title":{"rendered":"Solana (SOL) Holds Ground in Tight Range \u2014 Traders Watch for Directional Cue"},"content":{"rendered":"

Solana started a fresh increase from the $160 zone. SOL price is now consolidating gains and might aim for more gains above the $172 zone.<\/em><\/p>\n

SOL price started a fresh increase above the $165 level against the US Dollar.
\nThe price is now trading above $168 and the 100-hourly simple moving average.
\nThere was a break above a connecting bearish trend line with resistance at $167 on the hourly chart of the SOL\/USD pair (data source from Kraken).
\nThe pair could start a fresh increase if it clears the $172 resistance zone.<\/p>\n

Solana Price Recovers Above $165<\/h2>\n

Solana price formed a base above the $160 support and started a fresh increase, like Bitcoin<\/a> and Ethereum<\/a>. SOL gained pace for a move above the $162 and $165 resistance levels.<\/p>\n

There was a clear move above the 50% Fib retracement level of the downward move from the $177 swing high to the $160 low. Besides, there was a break above a connecting bearish trend line with resistance at $167 on the hourly chart of the SOL\/USD pair.<\/p>\n

However, the bears were active near the $172 resistance zone. The 76.4% Fib retracement level of the downward move from the $177 swing high to the $160 low is acting as a resistance.<\/p>\n

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

Solana is now trading above $168 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $172 level. The next major resistance is near the $176 level. The main resistance could be $180. A successful close above the $180 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

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

If SOL fails to rise above the $172 resistance, it could start another decline. Initial support on the downside is near the $168 zone. The first major support is near the $165 level.<\/p>\n

A break below the $165 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 above the 50 level.<\/p>\n

Major Support Levels \u2013 $165 and $162.<\/p>\n

Major Resistance Levels \u2013 $172 and $176.<\/p>","protected":false},"excerpt":{"rendered":"

Solana started a fresh increase from the $160 zone. SOL price is now consolidating gains and might aim for more gains above the $172 zone. SOL price started a fresh increase above the $165 level against the US Dollar. The price is now trading above $168 and the 100-hourly simple moving average. There was a […]<\/p>\n","protected":false},"author":0,"featured_media":67594,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-67593","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\/67593"}],"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=67593"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/67593\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/67594"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}