Solana Price Declines Over 10% Below $185 Support Level

Solana's price has declined over 10%, trading below key levels. Key points include:

  • SOL began a decline from the $200 and $185 levels against the US Dollar.
  • The current trading price is below $185 and the 100-hourly simple moving average.
  • A bearish trend line forms with resistance at $182.
  • The recent low was recorded at $174, with support near $170 and $165.
  • If SOL fails to surpass $185, further declines may occur.

The next major resistance is at $185, while a close above $190 could lead to increases towards $205. The MACD indicates bearish momentum, and the RSI is below 50.

Solana Price