{"id":4095,"date":"2025-04-07T18:13:12","date_gmt":"2025-04-07T18:13:12","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/solana-sol-freefall-can-it-hold-above-the-100-danger-zone\/"},"modified":"2025-04-07T18:13:12","modified_gmt":"2025-04-07T18:13:12","slug":"solana-sol-freefall-can-it-hold-above-the-100-danger-zone","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/solana-sol-freefall-can-it-hold-above-the-100-danger-zone\/","title":{"rendered":"Solana (SOL) Freefall\u2014Can It Hold Above The $100 Danger Zone?"},"content":{"rendered":"<p><em>Solana started a fresh decline below the $112 support zone. SOL price is now consolidating and might struggle to stay above the $100 support zone.<\/em><\/p>\n<ul>\n<li>SOL price started a fresh decline below $112 support zone against the US Dollar.<\/li>\n<li>The price is now trading below $105 and the 100-hourly simple moving average.<\/li>\n<li>There was a break below a key contracting triangle with support at $118 on the hourly chart of the SOL\/USD pair (data source from Kraken).<\/li>\n<li>The pair could accelerate lower if there is a break below the $100 support zone.<\/li>\n<\/ul>\n<h2>Solana Price Dips Over 15%<\/h2>\n<p>Solana price started a fresh decline below the $122 and $115 levels, like Bitcoin and Ethereum. SOL even declined below the $112 support level to enter a bearish zone.<\/p>\n<p>There was a break below a key contracting triangle with support at $118 on the hourly chart of the SOL\/USD pair. The price declined over 15% and traded close to the $102 level. A low was formed at $102 and the price recently started a consolidation phase.<\/p>\n<p>The current price action is still very bearish below 23.6% Fib retracement level of the downward move from the $121 swing high to the $102 low. Solana is now trading below $105 and the 100-hourly simple moving average.<\/p>\n<p>On the upside, the price is facing resistance near the $105 level. The next major resistance is near the $112 level or the 50% Fib retracement level of the downward move from the $121 swing high to the $102 low. The main resistance could be $116.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-726139\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/04\/Solana_a25704.png?resize=1024%2C478\" alt=\"Solana Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>A successful close above the $116 resistance zone could set the pace for another steady increase. The next key resistance is $120. Any more gains might send the price toward the $125 level.<\/p>\n<h2>Another Decline in SOL?<\/h2>\n<p>If SOL fails to rise above the $105 resistance, it could start another decline. Initial support on the downside is near the $102 zone. The first major support is near the $100 level.<\/p>\n<p>A break below the $100 level might send the price toward the $92 zone. If there is a close below the $92 support, the price could decline toward the $84 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 $102 and $100.<\/p>\n<p>Major Resistance Levels \u2013 $105 and $112.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana started a fresh decline below the $112 support zone. SOL price is now consolidating and might struggle to stay above the $100 support zone. SOL price started a fresh decline below $112 support zone against the US Dollar. The price is now trading below $105 and the 100-hourly simple moving average. There was a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4096,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[200,82,247,248,214,176],"class_list":["post-4095","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:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/4095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=4095"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/4095\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/4096"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=4095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=4095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=4095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}