Yes

>>Solana (SOL) slides lower again, dropping beneath $200 and paving the way for additional losses.

Solana (SOL) slides lower again, dropping beneath $200 and paving the way for additional losses.

crypthub

2 days ago

Current Price Action

SOL slipped below $200, trading under $198 and the 100‑hour SMA after breaking a bullish trend line at $198. The recent high near $205 was followed by a correction that moved below the 23.6% Fibonacci retracement of the $177‑$205 wave. Momentum remains bearish as MACD stays in the down zone.

Resistance Outlook

Immediate resistance sits at $198, with a stronger barrier at $200. A breakout above $205 could trigger further upside toward $212 and possibly $220. Failure to clear $200 may keep price constrained.

Support and Downside Risks

Key support levels are $192 and $188, aligning with the 50% Fibonacci retracement. A breach of $188 could expose the market to $180, and a close below $180 may drive SOL toward $166. Watch the $192 zone for potential bounce.

Technical Indicators

Hourly RSI is below 50, indicating bearish momentum. MACD continues to accelerate in the negative region, reinforcing the downside bias. These signals suggest further volatility ahead.