Solana failed to stay above $200 and corrected gains. SOL price is now trading below $200 and might decline further if it dips below $192.

• SOL price started a downside correction below $200 against the US Dollar.
• The price is now trading below $198 and the 100-hourly simple moving average.
• There was a break below a bullish trend line with support at $198 on the hourly chart of the SOL/USD pair (data source from Kraken).
• The pair could extend losses if it dips below the $192 zone.

Solana Price Corrects Some Gains

Solana price started a decent increase after it settled above the $192 zone, beating Bitcoin and Ethereum. SOL climbed above the $198 level to enter a short-term positive zone.

The price even smashed the $200 resistance. A high was formed near $205 and the price recently corrected some gains. There was a move below the 23.6% Fib retracement level of the upward wave from the $177 swing low to the $205 high.

Besides, there was a break below a bullish trend line with support at $198 on the hourly chart of the SOL/USD pair. Solana is now trading below $198 and the 100-hourly simple moving average.

On the upside, the price is facing resistance near the $198 level. The next major resistance is near the $200 level. The main resistance could be $205. A successful close above the $205 resistance zone could set the pace for another steady increase. The next key resistance is $212. Any more gains might send the price toward the $220 level.

More Losses In SOL?

If SOL fails to rise above the $200 resistance, it could start another decline. Initial support on the downside is near the $192 zone and the 50% Fib retracement level of the upward wave from the $177 swing low to the $205 high. The first major support is near the $188 level.

A break below the $188 level might send the price toward the $180 support zone. If there is a close below the $180 support, the price could decline toward the $166 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 – $192 and $188.

Major Resistance Levels – $200 and $205.

Traders face a mixed outlook, with BNB's deflationary mechanics potentially leading to a boost if demand grows, but technicals show the price stuck in a narrow range.

Internet Computer gained 1.6% and rose to $3.22 as institutional volume spiked, confirming bullish breakout above the key $3.20 level.

Trading volume surged 72% above its daily average, reaching 2.70 trillion tokens, indicating large players are actively managing positions.

Internet Computer slid to $3.19 after breaking support, but buyers see short-term rebound potential near $3.15.

BONK slipped below the key $0.000015 support but traders anticipate a near-term bounce as volume surges.

Despite the drop, trading volume was only 7.55% above the weekly average, suggesting routine profit-taking rather than a significant shift in sentiment.

The token has support in the $3.48-$3.485 zone and resistance at $3.60.

The token has support at $1.625 and resistance in the $1.634-$1.685 zone.

XRP now has a market cap of $157.6 billion, slightly behind of BNB's $161 billion.

Solana started a fresh increase above the $200 zone. SOL price is now consolidating above $200 and might aim for more gains above the $208 zone.

• SOL price started a fresh upward move above the $188 and $195 levels against the US Dollar.
• The price is now trading above $200 and the 100-hourly simple moving average.
• There is a bullish trend line forming with support at $198 on the hourly chart of the SOL/USD pair (data source from Kraken).
• The pair could extend gains if it clears the $208 resistance zone.

Solana Price Jumps Again Above $200

Solana price started a decent increase after it settled above the $180 zone, like Bitcoin and Ethereum. SOL climbed above the $188 level to enter a short-term positive zone.

The price even smashed the $198 resistance. The bulls were able to push the price above $200. The price is now consolidating gains above the 23.6% Fib retracement level of the recent upward move from the $177 swing low to the $204 high.

Solana is now trading above $200 and the 100-hourly simple moving average. Besides, there is a bullish trend line forming with support at $198 on the hourly chart of the SOL/USD pair.

On the upside, the price is facing resistance near the $205. The next major resistance is near the $208 level. The main resistance could be $212. A successful close above the $212 resistance zone could set the pace for another steady increase. The next key resistance is $225. Any more gains might send the price toward the $232 level.

Another Pullback In SOL?

If SOL fails to rise above the $205 resistance, it could start another decline. Initial support on the downside is near the $198 zone and the trend line. The first major support is near the $192 level and the 50% Fib retracement level of the recent upward move from the $177 swing low to the $204 high.

A break below the $192 level might send the price toward the $184 support zone. If there is a close below the $184 support, the price could decline toward the $180 support in the near term.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone.

Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level.

Major Support Levels – $198 and $184.

Major Resistance Levels – $205 and $208.

BTC looks north as Fed rate cut looms. But one key resistance is yet to be cleared.

Bitcoin cleared $112,000 on heavy volume and hovered near $114,500 late Sunday (UTC), while CoinGlass showed $319 million of short positions liquidated over 24 hours.

SOL lands on Fidelity's retail trading platform, Gemini launches the Solana edition of its credit card, and $188 emerges as the key support level to watch.

Analysts on X outlined five-digit targets for ether while Santiment said larger wallets have started adding again, framing a longer path higher if resistance gives way.

Bitcoin stayed range-bound into 08:00 UTC on OCt. 25 as volume spiked on a defense of support and sellers capped rallies near the top of the recent corridor.

Trading volume for BNB increased nearly 35% above its seven-day average, with market analysts suggesting the price movement reflects long-term accumulation.