🔥 Solana Dips Below $200: What’s Next? 🔥
Solana (SOL) has faced some turbulence, failing to break past the $225 resistance and entering a fresh downtrend. 📉 Currently trading below $200 and the 100-hourly SMA, the question on everyone’s mind is: Where is $SOL headed next? 🤔
Key highlights:
🔹 SOL failed to stay above the critical $220 level, triggering a bearish trend.
🔹 It’s now consolidating below $200, with resistance at $204 and key support around $196 and $188.
🔹 A potential rally could happen if bulls break the $205 resistance, possibly pushing SOL to $213, $225, or even $240. 🚀
🔹 However, failure to hold above $196 could lead to sharper declines, with $175 and $162 as potential downside targets.
💡 What do you think?
Is this dip just a bump in the road, or the start of a longer bearish trend?
Are you buying the dip, holding, or staying out for now? 🛒
Let’s discuss in the comments!👇 Follow me for the latest updates and insights into Solana, Bitcoin, and more of your favorite cryptos! 💬