NewsBTC
8 October 2025
10 0

Solana Price Drops Below $225 Amid Consolidation and Potential Decline

Solana (SOL) Price Analysis

  • SOL price experienced a decline, dropping below $232 and $230 against the US Dollar.
  • Current trading is under $225 and the 100-hourly simple moving average.
  • A key bullish trend line was broken at $230 support on the SOL/USD hourly chart.
  • Price could increase if bulls maintain $218 or $212 levels.

Current SOL Market Status

Previously, SOL advanced beyond $225 and $230, but bears halted progress near $238. The price fell, breaking key support lines.

Currently consolidating losses below 23.6% Fib retracement of the recent decline from $237 to $217. SOL faces resistance near $222 and potentially $228, aligning with the 50% Fib retracement level.

Solana Price

If SOL surpasses $230, it could rise steadily, facing further resistance at $238 and possibly reaching $245.

Potential Decline in SOL

Failure to breach $230 may lead to further declines:

  • Initial support: $218
  • First major support: $212
  • Breaking $212 could push SOL to $200, with potential declines toward $188.

Technical Indicators

  • Hourly MACD: Bearish momentum increasing for SOL/USD.
  • Hourly RSI: Below 50, indicating bearish conditions.
  • Major Support Levels: $218 and $212
  • Major Resistance Levels: $230 and $238