As the price of Solana falls below $250

Below $250, Solana fell again. SOL price is stabilizing and may see resistance around $235–242.

Below $250 and $240 versus the US Dollar, SOL price fell again.

The price is below $240 and the 100-hourly SMA.

The hourly SOL/USD data shows a negative trend line with resistance at $235.

If bulls break $242, the pair may rise again.
Solana Falls Below $250

Solana, like Bitcoin and Ethereum, battled to break $260 and fell. SOL fell below $250 and $242.

It fell below $230. The price is consolidating losses after hitting $225. Several points over $230. It crossed the 23.6% Fib retracement level of the $244 swing high-to-$225 low decline.

Solana is below $240 and the 100-hour SMA. The upward barrier is $235, the 50% Fib retracement level of the decline from the $244 swing high to the $225 low.

The hourly SOL/USD data shows a negative trend line with resistance at $235. Near $242 is the next significant resistance. The primary obstacle may be $250. Close over $250 resistance might lay the stage for another sustained rise. The next hurdle is $260. More increases might push the price toward $275.

SOL Decline Again?


SOL might tumble again if it fails to break $235 barrier. Near $225 is first downside support. First main support is around $222.

A breach below $222 might drive pricing to $212. If the stock closes below $212, it may fall toward $200.

Tech Indicators

Hourly MACD - SOL/USD MACD is falling in the positive zone.

Hourly RSI – RSI for SOL/USD is below 50.

Major Support Levels: $225, $222.

Two major resistance levels: $235 and $242.

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