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 recovery wave. There was a move above the $190 and $192 levels. The price cleared the 23.6% Fib retracement level of the downward move from the $209 swing high to the $188 swing low
We współpracy z: https://www.newsbtc.com/analysis/solana-sol-inches-toward-200/
