- Solana (SOL) is trading at $180, facing bearish pressure with resistance at $182–$188 and support at $172–$175.
- If it fails to hold these levels, SOL could decline further toward $162 or $150.
Solana Current Price Action and Resistance Levels
Solana (SOL) has fallen to $180 after failing to clear the $210 resistance zone against the US Dollar. The price is trading below the 100-hourly simple moving average, signaling short-term bearish pressure. A connecting bearish trend line at $188 suggests that sellers are still in control, limiting any potential rebound. SOL recently slipped below key support levels at $188 and $182, entering a bearish phase similar to other major cryptocurrencies like Bitcoin and Ethereum. The price also fell past the 50% and 76.4% Fibonacci retracement levels of its previous upward move from $173 to $209, highlighting the strength of the current downtrend.
Support Levels and Technical Outlook
On the downside, initial support is around $175, followed by major support at $172. A break below $172 could push SOL toward $162, and if that fails, the next key support lies at $150. Technical indicators reinforce the bearish outlook: the hourly MACD remains in the negative zone, while the RSI sits below 50, indicating that sellers currently dominate the market. Traders should monitor the $182–$188 resistance range for signs of recovery, while the $172 and $162 support levels will be critical in preventing further declines. Until SOL clears these resistance points, the outlook remains bearish, and cautious trading is advised.
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