Solana failed to clear the $225 resistance and trimmed gains. SOL price is now below $200 and showing a few bearish signs.
SOL price started a fresh decline after it failed to stay above $220 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 $204 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 $205 zone.
Solana Price Dips Again
Solana price struggled to clear the $220-$225 zone and started a fresh decline, like Bitcoin and Ethereum. There was a move below the $212 and $205 support levels.
The price even dipped below the $200 handle. A low was formed at $196.73, and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $223 swing high to the $196 low.
Solana is now trading below $200 and the 100-hourly simple moving average. Th
We współpracy z: https://www.newsbtc.com/analysis/solana-sol-falls-under-200/
