{"id":3311,"date":"2025-03-07T05:11:06","date_gmt":"2025-03-07T05:11:06","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/solana-sol-struggles-to-rebound-key-hurdles-blocking-recovery\/"},"modified":"2025-03-07T05:11:06","modified_gmt":"2025-03-07T05:11:06","slug":"solana-sol-struggles-to-rebound-key-hurdles-blocking-recovery","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/solana-sol-struggles-to-rebound-key-hurdles-blocking-recovery\/","title":{"rendered":"Solana (SOL) Struggles to Rebound\u2014Key Hurdles Blocking Recovery"},"content":{"rendered":"<p><em>Solana started a fresh decline below the $165 zone. SOL price is now consolidating losses and might struggle to recover above the $145 resistance.<\/em><\/p>\n<ul>\n<li>SOL price started a fresh decline below the $165 and $150 levels against the US Dollar.<\/li>\n<li>The price is now trading below $150 and the 100-hourly simple moving average.<\/li>\n<li>There was a break below a short-term rising channel with support at $144 on the hourly chart of the SOL\/USD pair (data source from Kraken).<\/li>\n<li>The pair could start a fresh increase if the bulls clear the $155 zone.<\/li>\n<\/ul>\n<h2>Solana Price Faces Hurdles<\/h2>\n<p>Solana price struggled to clear the $180 resistance and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $162 and $150 support levels.<\/p>\n<p>It even dived below the $140 level. The recent low was formed at $132 before the price recovered some losses. It climbed above the $140 and $142 levels. The price surpassed the 23.6% Fib retracement level of the downward move from the $180 swing high to the $132 swing low.<\/p>\n<p>However, the bears were active near $152 and pushed the price lower. There was a break below a short-term rising channel with support at $144 on the hourly chart of the SOL\/USD pair.<\/p>\n<p>Solana is now trading below $145 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $145 level. The next major resistance is near the $148 level. The main resistance could be $155 and the 50% Fib retracement level of the downward move from the $180 swing high to the $132 swing low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-708410\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/03\/Solana_18096f.png?resize=1024%2C478\" alt=\"Solana Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>A successful close above the $155 resistance zone could set the pace for another steady increase. The next key resistance is $162. Any more gains might send the price toward the $175 level.<\/p>\n<h2>More Losses in SOL?<\/h2>\n<p>If SOL fails to rise above the $148 resistance, it could start another decline. Initial support on the downside is near the $136 zone. The first major support is near the $132 level.<\/p>\n<p>A break below the $132 level might send the price toward the $125 zone. If there is a close below the $125 support, the price could decline toward the $120 support in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for SOL\/USD is losing pace in the bearish zone.<\/p>\n<p>Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $136 and $132.<\/p>\n<p>Major Resistance Levels \u2013 $148 and $155.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana started a fresh decline below the $165 zone. SOL price is now consolidating losses and might struggle to recover above the $145 resistance. SOL price started a fresh decline below the $165 and $150 levels against the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There was&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[62],"tags":[174,121,251,177,129,76],"class_list":["post-3311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technical-analysis","tag-sol","tag-solana","tag-solbtc","tag-solusd","tag-solusdt","tag-technical-analysis"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=3311"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3311\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/3312"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=3311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=3311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=3311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}