Sep 26, 2025
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Solana Price Falls Below $200, Faces Further Decline Risks
Solana's price is showing bearish trends, declining from the $232 zone, currently trading below $200 and the 100-hourly simple moving average.
- SOL/USD has formed a bearish trend line with resistance at $204, indicating potential further losses if it remains below $204 and $212.
- The price recently dipped to a low of $191, entering a bearish zone after failing to hold above $232.
- Immediate resistance levels are at $200 and $204, with major resistance at $215, corresponding to the 50% Fibonacci retracement level.
A close above $215 could lead to recovery towards $220 and possibly $232. However, failure to rise above $204 may result in further declines.
- Initial support is at $192, with significant support at $188. A drop below $188 could push the price to $180 or even $174.
Technical Indicators:
- Hourly MACD: Bearish momentum is increasing.
- RSI: Below 50, indicating weakness.
