Solana failed to settle above 92 and extended losses. SOL price is now consolidating losses below 88 and might struggle to start a recovery wave. SOL price started a fresh decline below 90 and 88 against the US Dollar. The price is now trading below 88 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at 88 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend 85 or 80. Solana Price Revisits 85 Solana price failed to remain stable above 93 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the 90 and 88 levels. The bears even pushed the price toward 85. A low was formed at 85.42, and the price is now consolidating losses below the 23.6 Fib retracement level of the downward move from the 93.40 swing high to the 85.42 low. Solana is now trading below 88 and the 100-hourly simple moving average. On the upside, immediate resistance is near the 88 level. There is also a key bearish trend line forming with resistance at 88 on the hourly chart of the SOL/USD pair. The next major resistance is near the 89.40 level or the 50 Fib retracement level of the downward move from the 93.40 swing high to the 85.42 low. The main resistance could be 92. A successful close above the 92 resistance zone could set the pace for another steady increase. The next key resistance is 95. Any more gains might send the price toward the 102 level. More Losses In SOL? If SOL fails to rise above the 88 resistance, it could continue to move down. Initial support on the downside is near the 85 zone. The first major support is near the 82 level. A break below the 82 level might send the price toward the 80 support zone. If there is a close below the 80 support, the price could decline toward the 74 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – 85 and 80. Major Resistance Levels – 88 and 92.
March 27, 2026