{"id":96818,"date":"2025-09-16T05:08:59","date_gmt":"2025-09-16T05:08:59","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=96818"},"modified":"2025-09-16T05:08:59","modified_gmt":"2025-09-16T05:08:59","slug":"solana-sol-corrects-some-gains-is-a-bigger-pullback-coming","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=96818","title":{"rendered":"Solana (SOL) Corrects Some Gains \u2013 Is a Bigger Pullback Coming?"},"content":{"rendered":"

Solana started a fresh increase above the $232 zone. SOL price is now correcting gains below $240 and might aim for another increase if it stays above $20.<\/em><\/p>\n

SOL price started a fresh upward move above the $232 and $240 levels against the US Dollar.
\nThe price is now trading below $240 and the 100-hourly simple moving average.
\nThere was a break below a bullish trend line with support at $242 on the hourly chart of the SOL\/USD pair (data source from Kraken).
\nThe pair could extend losses if it dips below the $230 zone.<\/p>\n

Solana Price Dips Below Support<\/h2>\n

Solana price started a decent increase after it found support near the $212 zone, beating Bitcoin<\/a> and Ethereum<\/a>. SOL climbed above the $232 level to enter a short-term positive zone.<\/p>\n

The price even smashed the $240 resistance. The bulls were able to push the price above the $245 barrier. A high was formed at $250 and the price recently corrected some gains. There was a move below the 23.6% Fib retracement level of the upward move from the $200 swing low to the $250 high.<\/p>\n

Besides, there was a break below a bullish trend line with support at $242 on the hourly chart of the SOL\/USD pair. Solana is now trading below $240 and the 100-hourly simple moving average.<\/p>\n

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

On the upside, the price is facing resistance near the $238 level. The next major resistance is near the $240 level. The main resistance could be $245. A successful close above the $245 resistance zone could set the pace for another steady increase. The next key resistance is $255. Any more gains might send the price toward the $262 level.<\/p>\n

More Losses In SOL?<\/h2>\n

If SOL fails to rise above the $240 resistance, it could start another decline. Initial support on the downside is near the $232 zone. The first major support is near the $230 level or the 50% Fib retracement level of the upward move from the $200 swing low to the $250 high.<\/p>\n

A break below the $230 level might send the price toward the $224 support zone. If there is a close below the $224 support, the price could decline toward the $220 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 $230 and $224.<\/p>\n

Major Resistance Levels \u2013 $240 and $245.<\/p>","protected":false},"excerpt":{"rendered":"

Solana started a fresh increase above the $232 zone. SOL price is now correcting gains below $240 and might aim for another increase if it stays above $20. SOL price started a fresh upward move above the $232 and $240 levels against the US Dollar. The price is now trading below $240 and the 100-hourly […]<\/p>\n","protected":false},"author":0,"featured_media":96819,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-96818","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\/96818"}],"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=96818"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/96818\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/96819"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=96818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=96818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=96818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}