{"id":2395,"date":"2025-01-16T06:00:25","date_gmt":"2025-01-16T06:00:25","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/solana-sol-back-above-200-will-it-hold-or-fade\/"},"modified":"2025-01-16T06:00:25","modified_gmt":"2025-01-16T06:00:25","slug":"solana-sol-back-above-200-will-it-hold-or-fade","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/solana-sol-back-above-200-will-it-hold-or-fade\/","title":{"rendered":"Solana (SOL) Back Above $200: Will It Hold or Fade?"},"content":{"rendered":"<p><em>Solana started a decent increase above the $188 resistance. SOL price is back above $200 and might struggle to continue higher above $205.<\/em><\/p>\n<ul>\n<li>SOL price started a fresh increase above the $185 and $188 levels against the US Dollar.<\/li>\n<li>The price is now trading above $195 and the 100-hourly simple moving average.<\/li>\n<li>There is a connecting bullish trend line forming with support at $196 on the hourly chart of the SOL\/USD pair (data source from Kraken).<\/li>\n<li>The pair could start a fresh increase if the bulls clear the $205 zone.<\/li>\n<\/ul>\n<h2>Solana Price Reclaims $200<\/h2>\n<p>Solana price formed a base above $175 and started a decent upward move, like Bitcoin and Ethereum. SOL was able to climb above the $180 and $185 resistance levels.<\/p>\n<p>The bulls pushed it above the $188 resistance and then $200. A high was formed at $206 and the price is now consolidating gains near the 23.6% Fib retracement level of the upward move from the $186 swing high to the $206 low.<\/p>\n<p>Solana is now trading above $195 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $196 on the hourly chart of the SOL\/USD pair. On the upside, the price is facing resistance near the $205 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-676621\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/01\/Solana_ff6724.png?resize=1024%2C478\" alt=\"Solana Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>The next major resistance is near the $212 level. The main resistance could be $220. A successful close above the $220 resistance zone could set the pace for another steady increase. The next key resistance is $232. Any more gains might send the price toward the $245 level.<\/p>\n<h2>Another Decline in SOL?<\/h2>\n<p>If SOL fails to rise above the $205 resistance, it could start another decline. Initial support on the downside is near the $196 zone and the trend line. The first major support is near the $190 level or the 76.4% Fib retracement level of the upward move from the $186 swing high to the $206 low.<\/p>\n<p>A break below the $190 level might send the price toward the $185 zone. If there is a close below the $185 support, the price could decline toward the $172 support in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for SOL\/USD is losing pace in the bullish zone.<\/p>\n<p>Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $196 and $190.<\/p>\n<p>Major Resistance Levels \u2013 $205 and $212.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana started a decent increase above the $188 resistance. SOL price is back above $200 and might struggle to continue higher above $205. SOL price started a fresh increase above the $185 and $188 levels against the US Dollar. The price is now trading above $195 and the 100-hourly simple moving average. There is a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2396,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[174,109,251,177,117,123],"class_list":["post-2395","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:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/2395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=2395"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/2395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/2396"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=2395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=2395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=2395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}