{"id":99880,"date":"2025-09-26T05:08:20","date_gmt":"2025-09-26T05:08:20","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=99880"},"modified":"2025-09-26T05:08:20","modified_gmt":"2025-09-26T05:08:20","slug":"solana-sol-nosedives-traders-fear-more-pain-could-be-ahead","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=99880","title":{"rendered":"Solana (SOL) Nosedives \u2013 Traders Fear More Pain Could Be Ahead"},"content":{"rendered":"

Solana started a fresh decline from the $232 zone. SOL price is now showing bearish signs and might even decline toward the $180 support.<\/em><\/p>\n

SOL price started a fresh decline below $232 and $220 against the US Dollar.
\nThe price is now trading below $200 and the 100-hourly simple moving average.
\nThere is a key bearish trend line forming with resistance at $204 on the hourly chart of the SOL\/USD pair (data source from Kraken).
\nThe price could extend losses if it stays below $204 and $212.<\/p>\n

Solana Price Dips Sharply<\/h2>\n

Solana price failed to stay above $232 and started a fresh decline, like Bitcoin<\/a> and Ethereum<\/a>. SOL traded below the $220 and $212 support levels to enter a bearish zone.<\/p>\n

The bears even pushed the price below $200 and the 100-hourly simple moving average. A low was formed at $191 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $242 swing high to the $191 low.<\/p>\n

Solana is now trading below $200 and the 100-hourly simple moving average. Besides, there is a key bearish trend line forming with resistance at $204 on the hourly chart of the SOL\/USD pair.<\/p>\n

If there is a recovery wave, the price could face resistance near the $200 level. The next major resistance is near the $204 level or the trend line. The main resistance could be $215 or the 50% Fib retracement level of the downward move from the $242 swing high to the $191 low.<\/p>\n

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

A successful close above the $215 resistance zone could set the pace for another steady increase. The next key resistance is $220. Any more gains might send the price toward the $232 level.<\/p>\n

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

If SOL fails to rise above the $204 resistance, it could continue to move down. Initial support on the downside is near the $192 zone. The first major support is near the $188 level.<\/p>\n

A break below the $188 level might send the price toward the $180 support zone. If there is a close below the $180 support, the price could decline toward the $174 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 $192 and $188.<\/p>\n

Major Resistance Levels \u2013 $204 and $215.<\/p>","protected":false},"excerpt":{"rendered":"

Solana started a fresh decline from the $232 zone. SOL price is now showing bearish signs and might even decline toward the $180 support. SOL price started a fresh decline below $232 and $220 against the US Dollar. The price is now trading below $200 and the 100-hourly simple moving average. There is a key […]<\/p>\n","protected":false},"author":0,"featured_media":99881,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-99880","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\/99880"}],"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=99880"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/99880\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/99881"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=99880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=99880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=99880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}