Solana began a fresh decrease from the USD 250 zone. The price of SOL now shows bear, and may even fall towards support in the amount of USD 200.

• The SOL price started again a decrease below USD 240 and USD 230 compared to the American dollar.
• The price is currently listed below USD 220, and a 100-hour plain movable average.
• There is a key line of bears treated for forming a resistance of USD 222 on the Sol/USD hour chart (data source from Kraken).
• The price may extend the losses if it stays below USD 215 and USD 222.

The Solana price will fall again

Solana Price did not remain above USD 250 and began a fresh drop, such as Bitcoin and Ethereum. Sol traded below USD 240 and $ 232 support levels to enter the bear zone.

Bears even exceeded a price below USD 220 and a 100-hour straight movable average. Low was created at the level of USD 207, and the price consolidates losses below 23.6% of the level of withdrawal of relegation FIB from a height of USD 254 to the lowest level of USD 207.

Solana now trads below USD 220 and a 100-hour straight movable average. In addition, there is a key line of bears trend formed with a resistance of USD 222 on the Sol/USD hour chart.

If there is a wave of recovery, the price may face the resistance near the USD 215. Another main resistance is near USD 220 or trends. The main resistance may be 230 USD or 50% of the level of withdrawal FIB downward movement from a high level worth USD 254 to the lowest level of USD 207.

A successful closure above the resistance zone of USD 230 can set the pace of another constant growth. The next key resistance is USD 242. Any profits can send a price to USD 250.

More losses in Sol?

If the SOL does not augment above the resistance of USD 222, it can still go down. Initial support in the minus is located near the $ 207 zone. The first huge support is located near the USD 202.

A break below USD 202 may send a price to the USD 200 support zone. If the USD 200 below is similar, the price may decline in support of USD 184 in the near future.

Technical indicators

MacD – MacD for SOL/USD is gaining a pace in the bear zone.

RSI hours (relative strength indicator) – RSI for SOL/USD is below level 50.

Main support levels – USD 202 and USD 200.

Main resistance levels – USD 215 and USD 222.