{"id":99224,"date":"2025-09-24T05:08:14","date_gmt":"2025-09-24T05:08:14","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=99224"},"modified":"2025-09-24T05:08:14","modified_gmt":"2025-09-24T05:08:14","slug":"solana-sol-takes-hit-is-this-start-of-bearish-move-toward-200","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=99224","title":{"rendered":"Solana (SOL) Takes Hit \u2013 Is This Start of Bearish Move Toward $200?"},"content":{"rendered":"

Solana started a fresh decline from the $250 zone. SOL price is now showing bearish signs and might even decline toward the $200 support.<\/em><\/p>\n

SOL price started a fresh decline below $240 and $230 against the US Dollar.
\nThe price is now trading below $220 and the 100-hourly simple moving average.
\nThere is a key bearish trend line forming with resistance at $222 on the hourly chart of the SOL\/USD pair (data source from Kraken).
\nThe price could extend losses if it stays below $215 and $222.<\/p>\n

Solana Price Dips Again<\/h2>\n

Solana price failed to stay above $250 and started a fresh decline, like Bitcoin<\/a> and Ethereum<\/a>. SOL traded below the $240 and $232 support levels to enter a bearish zone.<\/p>\n

The bears even pushed the price below $220 and the 100-hourly simple moving average. A low was formed at $207 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $254 swing high to the $207 low.<\/p>\n

Solana is now trading below $220 and the 100-hourly simple moving average. Besides, there is a key bearish trend line forming with resistance at $222 on the hourly chart of the SOL\/USD pair.<\/p>\n

If there is a recovery wave, the price could face resistance near the $215 level. The next major resistance is near the $220 level or the trend line. The main resistance could be $230 or the 50% Fib retracement level of the downward move from the $254 swing high to the $207 low.<\/p>\n

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

A successful close above the $230 resistance zone could set the pace for another steady increase. The next key resistance is $242. Any more gains might send the price toward the $250 level.<\/p>\n

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

If SOL fails to rise above the $222 resistance, it could continue to move down. Initial support on the downside is near the $207 zone. The first major support is near the $202 level.<\/p>\n

A break below the $202 level might send the price toward the $200 support zone. If there is a close below the $200 support, the price could decline toward the $184 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 $202 and $200.<\/p>\n

Major Resistance Levels \u2013 $215 and $222.<\/p>","protected":false},"excerpt":{"rendered":"

Solana started a fresh decline from the $250 zone. SOL price is now showing bearish signs and might even decline toward the $200 support. SOL price started a fresh decline below $240 and $230 against the US Dollar. The price is now trading below $220 and the 100-hourly simple moving average. There is a key […]<\/p>\n","protected":false},"author":0,"featured_media":99225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-99224","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\/99224"}],"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=99224"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/99224\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/99225"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=99224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=99224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=99224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}