{"id":6036,"date":"2025-06-18T13:00:26","date_gmt":"2025-06-18T13:00:26","guid":{"rendered":"https:\/\/coinscap.info\/blog\/solana-sol-tests-support-after-dip-bounce-or-breakdown-ahead\/"},"modified":"2025-06-18T13:00:26","modified_gmt":"2025-06-18T13:00:26","slug":"solana-sol-tests-support-after-dip-bounce-or-breakdown-ahead","status":"publish","type":"post","link":"https:\/\/coinscap.info\/blog\/solana-sol-tests-support-after-dip-bounce-or-breakdown-ahead\/","title":{"rendered":"Solana (SOL) Tests Support After Dip \u2014 Bounce or Breakdown Ahead?"},"content":{"rendered":"<p><em>Solana started a fresh decline from the $160 zone. SOL price is now consolidating losses and might decline further below the $145 level.<\/em><\/p>\n<ul>\n<li>SOL price started a fresh decline from the $160 resistance zone against the US Dollar.<\/li>\n<li>The price is now trading below $155 and the 100-hourly simple moving average.<\/li>\n<li>There was a break below a bullish trend line with support at $150 on the hourly chart of the SOL\/USD pair (data source from Kraken).<\/li>\n<li>The pair could start a fresh increase if it clears the $152 resistance zone.<\/li>\n<\/ul>\n<h2>Solana Price Dips Further<\/h2>\n<p>Solana price failed to continue higher above the $160 level and started a fresh decline, like Bitcoin and Ethereum. SOL gained pace and traded below the $155 support level.<\/p>\n<p>There was a break below a bullish trend line with support at $150 on the hourly chart of the SOL\/USD pair. The pair even traded below the $148 level. A low was formed near $145 and the price recently started a consolidation phase. It tested the 23.6% Fib retracement level of the recent decline from the $158 swing high to the $145 low.<\/p>\n<p>Solana is now trading below $150 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $150 level. The next major resistance is near the $152 level. It is close to the 50% Fib retracement level of the recent decline from the $158 swing high to the $145 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-773300\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/06\/Solana_35aa2d.png?resize=1024%2C479\" alt=\"Solana Price\" width=\"1024\" height=\"479\" \/><\/p>\n<p>The main resistance could be $155. A successful close above the $155 resistance zone could set the pace for another steady increase. The next key resistance is $160. Any more gains might send the price toward the $165 level.<\/p>\n<h2>Another Decline in SOL?<\/h2>\n<p>If SOL fails to rise above the $152 resistance, it could start another decline. Initial support on the downside is near the $145 zone. The first major support is near the $142 level.<\/p>\n<p>A break below the $142 level might send the price toward the $130 zone. If there is a close below the $130 support, the price could decline toward the $125 support in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for SOL\/USD is gaining pace in the bearish zone.<\/p>\n<p>Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $145 and $142.<\/p>\n<p>Major Resistance Levels \u2013 $152 and $155.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana started a fresh decline from the $160 zone. SOL price is now consolidating losses and might decline further below the $145 level. SOL price started a fresh decline from the $160 resistance zone against the US Dollar. The price is now trading below $155 and the 100-hourly simple moving average. There was a break&hellip;<\/p>\n","protected":false},"author":1,"featured_media":6037,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[92],"tags":[126,127,191,192,142,94],"class_list":["post-6036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technical-analysis","tag-sol","tag-solana","tag-solbtc","tag-solusd","tag-solusdt","tag-technical-analysis"],"_links":{"self":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/posts\/6036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/comments?post=6036"}],"version-history":[{"count":0,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/posts\/6036\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/media\/6037"}],"wp:attachment":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/media?parent=6036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/categories?post=6036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/tags?post=6036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}