Solana (SOL) Inches Toward $200—Breakout Confirmation Needed

Solana (SOL) Inches Toward $200—Breakout Confirmation Needed

Solana started a fresh decline from the $210 zone. SOL price is consolidating and might aim for a fresh move above the $200 resistance zone.


  • SOL price started a fresh decline below the $205 and $200 levels against the US Dollar.

  • The price is now trading below $200 and the 100-hourly simple moving average.

  • There is a connecting bearish trend line forming with resistance at $198 on the hourly chart of the SOL/USD pair (data source from Kraken).

  • The pair could start a fresh increase if the bulls clear the $200 zone.

  • Solana Price Faces Hurdles


    Solana price struggled to clear the $210 resistance and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $202 and $200 support levels.


    It even dived below the $192 level. The recent low was formed at $188 before the price started a ..

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