Solana (SOL) Inches Toward $200—Breakout Confirmation Needed

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,893,746,115,515	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,893,746,115,515

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-1,991.10	-2.03%	95,900.87	95,900.86	95,900.87

Price Change

Price Change %

Current Price

Bid Price

Offer

-1,991.10

-2.03%

95,900.87

95,900.86

95,900.87

High Price	Low Price	Open Price	Prev. Close	52 Week Range
98,100.00	95,605.00	97,694.48	97,891.97	48,327.81 - 109,356.00

High Price

Low Price

Open Price

Prev. Close

52 Week Range

98,100.00

95,605.00

97,694.48

97,891.97

48,327.81 - 109,356.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	12:26:54	0.001032	95,900.87	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

12:26:54

0.001032

95,900.87

USD

Price x Volume	Volume	Base Symbol	Related Pairs
294,974,368.19	3,048.50	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

294,974,368.19

3,048.50

Solana (SOL) Inches Toward $200—Breakout Confirmation Needed

13/02/2025 5:08am

NEWSBTC

Solana started a fresh decline from the $210 zone. SOL price is consolidating and might aim for a fresh move above the $200 resistance zone. SOL price started a fresh decline below the $205 and $200 levels against the US Dollar. The price is now trading below $200 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $198 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $200 zone. Solana Price Faces Hurdles Solana price struggled to clear the $210 resistance and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $202 and $200 support levels. It even dived below the $192 level. The recent low was formed at $188 before the price started a recovery wave. There was a move above the $190 and $192 levels. The price cleared the 23.6% Fib retracement level of the downward move from the $209 swing high to the $188 swing low. However, the bears are active below the $200 level. They protected the 50% Fib retracement level of the downward move from the $209 swing high to the $188 swing low. Solana is now trading above $200 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $198 level. There is also a connecting bearish trend line forming with resistance at $198 on the hourly chart of the SOL/USD pair. The next major resistance is near the $200 level. The main resistance could be $202. A successful close above the $202 resistance zone could set the pace for another steady increase. The next key resistance is $210. Any more gains might send the price toward the $220 level. Another Decline in SOL? If SOL fails to rise above the $200 resistance, it could start another decline. Initial support on the downside is near the $194 zone. The first major support is near the $188 level. A break below the $188 level might send the price toward the $180 zone. If there is a close below the $180 support, the price could decline toward the $175 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $194 and $188. Major Resistance Levels – $200 and $202.

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