Solana’s price is facing resistance at the $200 level, showing signs of a downside correction while bulls remain active.
Points
- Solana price faces resistance at $200
- Downside correction from $192 zone
- Trading below key support levels
- Potential for another increase if support holds
Solana （SOL） extended gains above $180, trading positively against the US Dollar. It reached the $192 zone but struggled to test the $200 level, leading to a downside correction. The price dropped below $190 and $188 support levels, breaking a key bullish trend line.
Currently, Solana is trading below $185 and the 100-hourly simple moving average. The bulls are active near the $180 support and the 50% Fib retracement level of the upward move from $165 to $193. The price faces resistance near $185 and $188.
If SOL fails to rise above $185, it could start another decline. A break below $175 might send the price toward $165 or even $155 in the near term.
解説
- Solana’s current price movement indicates a struggle to break significant resistance levels.
- Active bulls near support levels suggest potential for another increase if key supports hold.
- Monitoring support and resistance levels is crucial for predicting future price movements in SOL.