Solana (SOL) price faced resistance at the $200-$205 level and has started to decline. The price dipped below key support levels at $200, $192, and $185. Currently, SOL is consolidating losses below the 23.6% Fib retracement level. The price is trading below $192 and the 100-hourly simple moving average. A bearish trend line is forming with resistance at $190. The next major resistance levels to watch are $192, $200, and $212. On the downside, initial support is at $182, followed by major support at $180. If the price fails to rise above $192, it could start another decline towards $175 and potentially even $162. The technical indicators suggest a bearish outlook for SOL.



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