Solana (SOL) price prediction: After falling below $185, it may dip to the key support level of $172.

Crypto Assets Solana ( SOL ) has recently failed to break through the 210 USD resistance zone, starting a new round of falls. Currently, the trading price of SOL has fallen below 185 USD and the 100-hour moving average, with technical charts showing a bearish trend line pressure. If it cannot recover the key resistance level, SOL/USD may further fall towards the 172 USD or even 162 USD support area, and investors need to closely follow the key price level breakthrough situation.

SOL price shows a fall again After failing to break through the resistance level of 210 USD against USD, the price of Solana has started a new round of decline, following the trends of Bitcoin and Ethereum. The price of SOL has consecutively fallen below the key support levels of 200 USD and 188 USD, entering a short-term bearish channel.

The technical aspect shows bearish signals

(Source: TradingView)

• Key Resistance Pressure: A connecting bearish trendline has formed on the SOL/USD hourly chart, with the current resistance level located in the 188 USD area.
• **Moving Averages and Fibonacci Levels Lost: ** Currently, the SOL price has fallen below 185 USD and the 100-hour Simple Moving Average (SMA). At the same time, its price has also dropped below the 76.4% Fibonacci retracement level of the rise from the low of 173 USD to the high of 209 USD.
• **Indicator Bias: ** The MACD indicator on the hourly chart is accelerating in the bearish zone for SOL/USD; the RSI indicator on the hourly chart is also below the 50 level, indicating that the bears are in control.

Key resistance level SOL is currently facing initial resistance near the 182 USD level. The next major resistance level is around 184 USD. The key resistance level that will determine the short-term trend remains in the 188 USD area. If the SOL price can successfully close above the 188 USD resistance area, it may lay the foundation for a new round of steady increase, with subsequent targets looking towards 192 USD and the psychological barrier of 200 USD.

SOL/USD support risk below If the SOL price cannot effectively break through the 182 USD resistance level, it may continue the falling trend.

• First support level: Follow the area around 175 USD.
• Key support level: Focus on the 172 USD level. If the 172 USD support is effectively broken, the SOL price may accelerate its fall towards the 162 USD support area.
• Depth Pullback Risk: If the closing price further loses the 162 USD support, the SOL coin price may test the 150 USD support level in the short term.

Support and Resistance Summary

• Main support levels: $172, $162
• Main resistance level: $182, $188

Conclusion: The current technical outlook for SOL/USD is bearish, with the trendline resistance at $188 becoming a watershed for bulls and bears. Crypto asset investors should closely monitor the breakout situation in the resistance zone of $182-$188, as well as the defense strength of the key support level at $172, to guard against further short-term downside risks for SOL coin price. The effectiveness of the support level and the momentum of the resistance breakout will be the core factors determining the next direction for SOL.