Solana Price Faces Heavy Resistance Near $212 After Recovery from $194

Solana Price Update

SOL price is recovering after testing the $194 zone.
Current trading above $200 and the 100-hourly simple moving average.
Break below bullish trend line support at $207 observed.
Resistance faced near $212; a breakthrough could lead to further gains.

Solana's price has climbed past $200, showing resistance around $212, which aligns with the 76.4% Fibonacci retracement level from the recent decline. Key resistance levels are:

$212
$218
$232

If SOL fails to surpass $212, potential declines may occur, with support levels at:

$204
$200
$195
$184 (if closing below $195)

Technical indicators show the MACD losing momentum and RSI below 50, indicating caution in bullish momentum.