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{"id":114329,"date":"2025-01-16T05:38:06","date_gmt":"2025-01-16T05:38:06","guid":{"rendered":"https:\/\/cryptocurrencypanther.com\/2025\/01\/16\/solana-sol-back-above-200-will-it-hold-or-fade\/"},"modified":"2025-01-16T05:38:06","modified_gmt":"2025-01-16T05:38:06","slug":"solana-sol-back-above-200-will-it-hold-or-fade","status":"publish","type":"post","link":"https:\/\/cryptocurrencypanther.com\/2025\/01\/16\/solana-sol-back-above-200-will-it-hold-or-fade\/","title":{"rendered":"Solana (SOL) Back Above $200: Will It Hold or Fade?"},"content":{"rendered":"

\n<\/p>\n

Solana started a decent increase above the $188 resistance. SOL price is back above $200 and might struggle to continue higher above $205.<\/em><\/p>\n

\n
SOL price started a fresh increase above the $185 and $188 levels against the US Dollar.<\/li>\n
The price is now trading above $195 and the 100-hourly simple moving average.<\/li>\n
There is a connecting bullish trend line forming with support at $196 on the hourly chart of the SOL\/USD pair (data source from Kraken).<\/li>\n
The pair could start a fresh increase if the bulls clear the $205 zone.<\/li>\n<\/ul>\n
Solana Price Reclaims $200<\/h2>\n
Solana price formed a base above $175 and started a decent upward move, like Bitcoin<\/a> and Ethereum<\/a>. SOL was able to climb above the $180 and $185 resistance levels.<\/p>\n
The bulls pushed it above the $188 resistance and then $200. A high was formed at $206 and the price is now consolidating gains near the 23.6% Fib retracement level of the upward move from the $186 swing high to the $206 low.<\/p>\n
Solana is now trading above $195 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $196 on the hourly chart of the SOL\/USD pair. On the upside, the price is facing resistance near the $205 level.<\/p>\n
$\"Solana$ <\/a><\/p>\n
The next major resistance is near the $212 level. The main resistance could be $220. A successful close above the $220 resistance zone could set the pace for another steady increase. The next key resistance is $232. Any more gains might send the price toward the $245 level.<\/p>\n
Another Decline in SOL?<\/h2>\n
If SOL fails to rise above the $205 resistance, it could start another decline. Initial support on the downside is near the $196 zone and the trend line. The first major support is near the $190 level or the 76.4% Fib retracement level of the upward move from the $186 swing high to the $206 low.<\/p>\n
A break below the $190 level might send the price toward the $185 zone. If there is a close below the $185 support, the price could decline toward the $172 support in the near term.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for SOL\/USD is losing pace in the bullish zone.<\/p>\n
Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is above the 50 level.<\/p>\n
Major Support Levels \u2013 $196 and $190.<\/p>\n
Major Resistance Levels \u2013 $205 and $212.<\/p>\n

\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
Solana started a decent increase above the $188 resistance. SOL price is back above $200 and might struggle to continue higher above $205. SOL price started a fresh increase above the $185 and $188 levels against the US Dollar. The price is now trading above $195 and the 100-hourly simple moving average. There is a […]<\/p>\n","protected":false},"author":1,"featured_media":114330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[3827,335,1309,1185],"class_list":{"0":"post-114329","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market","8":"tag-fade","9":"tag-hold","10":"tag-sol","11":"tag-solana"},"_links":{"self":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/114329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/comments?post=114329"}],"version-history":[{"count":0,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/114329\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media\/114330"}],"wp:attachment":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media?parent=114329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/categories?post=114329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/tags?post=114329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}