{"id":3281,"date":"2025-03-04T06:00:20","date_gmt":"2025-03-04T06:00:20","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/solana-sol-plunges-20-key-support-levels-now-in-focus\/"},"modified":"2025-03-04T06:00:20","modified_gmt":"2025-03-04T06:00:20","slug":"solana-sol-plunges-20-key-support-levels-now-in-focus","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/solana-sol-plunges-20-key-support-levels-now-in-focus\/","title":{"rendered":"Solana (SOL) Plunges 20%\u2014Key Support Levels Now in Focus"},"content":{"rendered":"<p><em>Solana started a fresh decline from the $180 zone. SOL price is down over 20% and might struggle to recover above the $150 resistance.<\/em><\/p>\n<ul>\n<li>SOL price started a fresh decline below the $162 and $150 levels against the US Dollar.<\/li>\n<li>The price is now trading below $150 and the 100-hourly simple moving average.<\/li>\n<li>There was a break below a connecting bullish trend line with support at $148 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 $150 zone.<\/li>\n<\/ul>\n<h2>Solana Price Dips Heavily<\/h2>\n<p>Solana price struggled to clear the $180 resistance and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $165 and $155 support levels.<\/p>\n<p>It even dived below the $150 level. There was a break below a connecting bullish trend line with support at $148 on the hourly chart of the SOL\/USD pair. The recent low was formed at $132 and the price is now consolidating losses with a bearish angle.<\/p>\n<p>Solana is now trading below $140 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $140 level. The next major resistance is near the $144 level or the 23.6% Fib retracement level of the downward move from the $180 swing high to the $132 swing low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-706283\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/03\/Solana.png?resize=1024%2C478\" alt=\"Solana Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>The main resistance could be $156 and the 50% Fib retracement level of the downward move from the $180 swing high to the $132 swing low. A successful close above the $156 resistance zone could set the pace for another steady increase. The next key resistance is $165. Any more gains might send the price toward the $180 level.<\/p>\n<h2>More Losses in SOL?<\/h2>\n<p>If SOL fails to rise above the $148 resistance, it could start another decline. Initial support on the downside is near the $132 zone. The first major support is near the $125 level.<\/p>\n<p>A break below the $125 level might send the price toward the $120 zone. If there is a close below the $120 support, the price could decline toward the $102 support in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for SOL\/USD is gaining pace in the bearish zone.<\/p>\n<p>Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $132 and $125.<\/p>\n<p>Major Resistance Levels \u2013 $148 and $156.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana started a fresh decline from the $180 zone. SOL price is down over 20% and might struggle to recover above the $150 resistance. SOL price started a fresh decline below the $162 and $150 levels against the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There was&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3282,"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-3281","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\/3281","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=3281"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/3281\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/3282"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=3281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=3281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=3281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}