{"id":70313,"date":"2025-05-30T04:08:30","date_gmt":"2025-05-30T04:08:30","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=70313"},"modified":"2025-05-30T04:08:30","modified_gmt":"2025-05-30T04:08:30","slug":"solana-sol-faces-renewed-selling-will-support-levels-hold","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=70313","title":{"rendered":"Solana (SOL) Faces Renewed Selling \u2014 Will Support Levels Hold?"},"content":{"rendered":"

Solana started a fresh decline from the $180 zone. SOL price is now moving lower and might decline further below the $160 level.<\/em><\/p>\n

SOL price started a fresh decline from the $180 resistance zone against the US Dollar.
\nThe price is now trading below $170 and the 100-hourly simple moving average.
\nThere is a connecting bearish trend line forming with resistance at $170 on the hourly chart of the SOL\/USD pair (data source from Kraken).
\nThe pair could start a fresh increase if it clears the $170 resistance zone.<\/p>\n

Solana Price Dips Further<\/h2>\n

Solana price failed to continue higher above the $180 level and started a fresh decline, unlike Bitcoin<\/a> and Ethereum<\/a>. SOL gained pace and traded below the $170 support level.<\/p>\n

The price even traded below the $162 level. A low was formed near $160 and the price recently started a recovery wave. There was a move above the $165 level. It surpassed the 23.6% Fib retracement level of the recent decline from the $180 swing high to the $160 low.<\/p>\n

Solana is now trading below $170 and the 100-hourly simple moving average. There is also a connecting bearish trend line forming with resistance at $170 on the hourly chart of the SOL\/USD pair.<\/p>\n

On the upside, the price is facing resistance near the $169 level and the trend line. It is close to the 50% Fib retracement level of the recent decline from the $180 swing high to the $160 low. The next major resistance is near the $172 level.<\/p>\n

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

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 $185. 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 $170 resistance, it could start another decline. Initial support on the downside is near the $162 zone. The first major support is near the $160 level.<\/p>\n

A break below the $160 level might send the price toward the $155 zone. If there is a close below the $155 support, the price could decline toward the $142 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 $162 and $160.<\/p>\n

Major Resistance Levels \u2013 $170 and $172.<\/p>","protected":false},"excerpt":{"rendered":"

Solana started a fresh decline from the $180 zone. SOL price is now moving lower and might decline further below the $160 level. SOL price started a fresh decline from the $180 resistance zone against the US Dollar. The price is now trading below $170 and the 100-hourly simple moving average. There is a connecting […]<\/p>\n","protected":false},"author":0,"featured_media":70314,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-70313","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\/70313"}],"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=70313"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/70313\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/70314"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}