{"id":4963,"date":"2025-05-30T05:00:28","date_gmt":"2025-05-30T05:00:28","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/solana-sol-faces-renewed-selling-will-support-levels-hold\/"},"modified":"2025-05-30T05:00:28","modified_gmt":"2025-05-30T05:00:28","slug":"solana-sol-faces-renewed-selling-will-support-levels-hold","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/solana-sol-faces-renewed-selling-will-support-levels-hold\/","title":{"rendered":"Solana (SOL) Faces Renewed Selling \u2014 Will Support Levels Hold?"},"content":{"rendered":"<p><em>Solana started a fresh decline from the $180 zone. SOL price is now moving lower and might decline further below the $160 level.<\/em><\/p>\n<ul>\n<li>SOL price started a fresh decline from the $180 resistance zone against the US Dollar.<\/li>\n<li>The price is now trading below $170 and the 100-hourly simple moving average.<\/li>\n<li>There is a connecting bearish trend line forming with resistance at $170 on the hourly chart of the SOL\/USD pair (data source from Kraken).<\/li>\n<li>The pair could start a fresh increase if it clears the $170 resistance zone.<\/li>\n<\/ul>\n<h2>Solana Price Dips Further<\/h2>\n<p>Solana price failed to continue higher above the $180 level and started a fresh decline, unlike Bitcoin and Ethereum. SOL gained pace and traded below the $170 support level.<\/p>\n<p>The price even traded below the $162 level. A low was formed near $160 and the price recently started a recovery wave. There was a move above the $165 level. It surpassed the 23.6% Fib retracement level of the recent decline from the $180 swing high to the $160 low.<\/p>\n<p>Solana is now trading below $170 and the 100-hourly simple moving average. There is also a connecting bearish trend line forming with resistance at $170 on the hourly chart of the SOL\/USD pair.<\/p>\n<p>On the upside, the price is facing resistance near the $169 level and the trend line. It is close to the 50% Fib retracement level of the recent decline from the $180 swing high to the $160 low. The next major resistance is near the $172 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-761712\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/05\/Solana_39314f.png?resize=1024%2C449\" alt=\"Solana Price\" width=\"1024\" height=\"449\" loading=\"lazy\" \/><\/p>\n<p>The main resistance could be $180. A successful close above the $180 resistance zone could set the pace for another steady increase. The next key resistance is $185. Any more gains might send the price toward the $200 level.<\/p>\n<h2>Another Decline in SOL?<\/h2>\n<p>If SOL fails to rise above the $170 resistance, it could start another decline. Initial support on the downside is near the $162 zone. The first major support is near the $160 level.<\/p>\n<p>A break below the $160 level might send the price toward the $155 zone. If there is a close below the $155 support, the price could decline toward the $142 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 $162 and $160.<\/p>\n<p>Major Resistance Levels \u2013 $170 and $172.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana started a fresh decline from the $180 zone. SOL price is now moving lower and might decline further below the $160 level. SOL price started a fresh decline from the $180 resistance zone against the US Dollar. The price is now trading below $170 and the 100-hourly simple moving average. There is a connecting&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4964,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[174,109,251,177,117,123],"class_list":["post-4963","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\/4963","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=4963"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/4963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/4964"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=4963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=4963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=4963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}