Solana Price (SOL) Faces Challenges at $200: Bulls Remain Active
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Solana's price extended gains above $180, outperforming Bitcoin and Ethereum. It faced resistance at $192 and failed to test $200, resulting in a downside correction. Currently, SOL is trading below $185 and the 100-hourly simple moving average, with bulls active near the $180 support. The next major resistance levels are $185 and $188. A rise above $188 could trigger another upward move, potentially pushing the price towards $200. However, failing to rise above $185 may lead to a decline toward the $175 or $165 support levels.
Technical indicators show the MACD gaining pace in the bearish zone, and the RSI below 50, indicating potential for further downside.
Source: www.newsbtc.com ↗
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