The Solana (SOL) price recently tried to breach the $225 resistance level but failed, now retreating below $200. This has led to the formation of a bearish trend line with notable resistance near $204 on the hourly chart.
Key support levels are identified at $196 and $188, while resistance stands at $205 and $210. Despite some attempts by bulls to push the price higher, technical indicators currently show that SOL/USD is gaining momentum in the bearish zone.
