{"id":193488,"date":"2023-09-11T07:39:14","date_gmt":"2023-09-11T07:39:14","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=193488"},"modified":"2023-09-11T07:39:14","modified_gmt":"2023-09-11T07:39:14","slug":"sol-price-prediction-solana-takes-hit-and-could-dive-to-15","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/crypto\/sol-price-prediction-solana-takes-hit-and-could-dive-to-15\/","title":{"rendered":"SOL Price Prediction: Solana Takes Hit and Could Dive To $15"},"content":{"rendered":"<p><em>Solana is gaining bearish momentum below $20 against the US Dollar. SOL price is struggling and could drop further toward $16.50 or even $15.00.<\/em><\/p>\n<ul>\n<li>SOL price is showing bearish signs below $20.00 and $20.50 against the US Dollar.<\/li>\n<li>The price is now trading below $20 and the 100 simple moving average (4 hours).<\/li>\n<li>There is a major bearish trend line forming with resistance near $19.20 on the 4-hour chart of the SOL\/USD pair (data source from Kraken).<\/li>\n<li>The pair could continue to down if there is a close below the $17.80 support.<\/li>\n<\/ul>\n<h2>Solana Price Drops Further<\/h2>\n<p>In the past few days, Solana\u2019s price made a couple of attempts to clear the $22.00 resistance. However, SOL failed to gain strength for a move above the $22.00 level.<\/p>\n<p>As a result, there was a fresh bearish reaction below the $21.20 support, like Bitcoin and Ethereum. More importantly, FTX\u2019s news of a possible selling of SOL is also putting a lot of pressure on the bulls. The price gained bearish momentum and traded below the $20.00 support.<\/p>\n<p>Finally, it found support near $17.80. A low is formed near $17.78 and the price is now consolidating losses. SOL is now trading below $20 and the 100 simple moving average (4 hours).<\/p>\n<p>Besides, there is a major bearish trend line forming with resistance near $19.20 on the 4-hour chart of the SOL\/USD pair. On the upside, immediate resistance is near the $18.50 level or the 23.6% Fib retracement level of the downward move from the $20.59 swing high to the $17.78 low.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Solana.png?resize=1024%2C468\"><\/p>\n<p>Source: SOLUSD on TradingView.com<\/p>\n<p>The first major resistance is near the $19.20 level or the trend line. The next key resistance is near the 76.4% Fib retracement level of the downward move from the $20.59 swing high to the $17.78 low at $20.00. A clear move above the $20.00 resistance might send the price toward the $21.20 resistance. Any more gains might send the price toward the $22 level.<\/p>\n<h2>More Losses in SOL?<\/h2>\n<p>If SOL fails to clear the $19.20 resistance, it could continue to move down. Initial support on the downside is near the $17.80 level.<\/p>\n<p>The first major support is near the $17.20 level. If there is a close below the $17.20 support, the price could decline toward the $16.50 support. In the stated case, there is a risk of more downsides toward the $15.00 support in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>4-Hours MACD \u2013 The MACD for SOL\/USD is gaining pace in the bearish zone.<\/p>\n<p>4-Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $17.80, and $17.20.<\/p>\n<p>Major Resistance Levels \u2013 $19.20, $20.00, and $22.00.<\/p>\n<p>Source: <a href=\"https:\/\/www.newsbtc.com\/analysis\/sol-price-prediction-solana-takes-hit-15\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana is gaining bearish momentum below $20 against the US Dollar. SOL price is struggling&#8230;<\/p>\n","protected":false},"author":4,"featured_media":193487,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SOL Price Prediction: Solana Takes Hit and Could Dive To $15 - Tokens Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokenstalk.info\/crypto\/sol-price-prediction-solana-takes-hit-and-could-dive-to-15\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SOL Price Prediction: Solana Takes Hit and Could Dive To $15 - Tokens Talk\" \/>\n<meta property=\"og:description\" content=\"Solana is gaining bearish momentum below $20 against the US Dollar. 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