Solana is bearish below $195.0, testing the 23.6% Fibonacci level as support. A Dip below the immediate support at $187.0 can trigger the downtrend, targeting $182.0, followed by $175.0
Solana Technical Analysis – 30-December-2025
Solana has been in a bear market, below the $203.0 critical resistance, and has lost 5.7% of its value since December 25. However, the selling pressure eased at $182.0. As of this writing, the cryptocurrency trades at approximately $189.0, testing the 23.6% Fibonacci retracement level as support.
Regarding the technical indicators, the RSI and Stochastic records show 47 and 59 in the description, respectively, which can be interpreted as the uptick in momentum weakened. Additionally, the Awesome Oscillator, with red bars, is about to shift below zero, meaning the bear market strengthened.
Overall, the technical indicators suggest that while the primary trend is bearish, and the SOL/USD has the potential to lose more of its value.
Solana is Bearish Below $195: What’s Next?
The immediate support is at $187.6 (the 23.6 Fibonacci). From a technical perspective, the downtrend could extend to lower support levels if bears (sellers) push SOL/USD below $187.0.
If this scenario unfolds, the next bearish target could be $182.0, followed by $175.0.
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The Bullish Scenario
The immediate resistance is at $195.0. If bulls pull the prices above this resistance, the downtrend should be invalidated.
From a technical perspective, the uptrend from $175.0 will likely resume if Solana’s value exceeds $195.0. In this scenario, the next bullish target could be the critical resistance at $203.0.
Solana Support and Resistance Levels – 30-December-2024
Traders and investors should closely monitor the SOL/USD key levels below to make informed decisions and adjust their strategies accordingly as market conditions shift.
| Solana Support and Resistance Levels – 30-December-2024 | |||
|---|---|---|---|
| Support | $187.0 | $187.0 | $175.0 |
| Resistance | 195.0 | 203.0 | $208.0 |