Solana (SOL) Falls Below Support, Will Bears Extend the Decline?

Summary: There is a connecting bearish trend line forming with resistance at $188 on the hourly chart of the SOL/USD pair (data source from Kraken). The bears were able to push the price below the 50% Fib retracement level of the upward move from the $173 swing low to the $209 high.
By Aayush Jindal on 2025-08-19 07:18. Aggregated by Coinblockers.