18 February 2025
2 0
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.