---
title: "Solana (SOL) Drops Into Bearish Zone, Key Supports Come Under Threat"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287006737.md"
description: "Solana (SOL) has dropped below $92, currently consolidating losses above $84. The price is trading below $87 and facing resistance at $85. If SOL fails to rise above $88.80, it may decline further, with key support levels at $83.50 and $82. A break below $82 could lead to a drop towards $80 or even $75. Technical indicators show bearish momentum."
datetime: "2026-05-20T04:48:49.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287006737.md)
  - [en](https://longbridge.com/en/news/287006737.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287006737.md)
---

# Solana (SOL) Drops Into Bearish Zone, Key Supports Come Under Threat

_Solana failed to settle above $92 and corrected most gains. SOL price is now consolidating losses above $84 and might attempt another increase._

-   SOL price started a fresh decline below $90 and $88 against the US Dollar.
-   The price is now trading below $87 and the 100-hourly simple moving average.
-   There is a connecting bearish trend line forming with resistance at $85 on the hourly chart of the SOL/USD pair (data source from Kraken).
-   The price could start a recovery wave if the bulls defend $84.00 or $82.50.

**Solana Price Dips From $94**

Solana price failed to remain stable above $92 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $90 and $88 levels.

The bears even pushed the price toward $83. A low was formed at $83.35, and the price is now consolidating losses. The price is still showing bearish signs below the 23.6% Fib retracement level of the downward move from the $93.63 swing high to the $83.35 low.

Solana is now trading near $85 and the 100-hourly simple moving average. Besides, there is a connecting bearish trend line forming with resistance at $85 on the hourly chart of the SOL/USD pair.

On the upside, immediate resistance is near the $85 level. The next major resistance is near the $85.80 level. The main resistance could be $88.50 or the 50% Fib retracement level of the downward move from the $93.63 swing high to the $83.35 low. A successful close above the $88.50 resistance zone could set the pace for another steady increase. The next key resistance is $90. Any more gains might send the price toward the $92 level.

**More Losses In SOL?**

If SOL fails to rise above the $88.80 resistance, it could continue to move down. Initial support on the downside is near the $83.50 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 $75 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 – $83.50 and $82.00.

Major Resistance Levels – $85.80 and $88.50.

### Related Stocks

- [HSDT.US](https://longbridge.com/en/quote/HSDT.US.md)
- [GSOL.US](https://longbridge.com/en/quote/GSOL.US.md)
- [BSOL.US](https://longbridge.com/en/quote/BSOL.US.md)
- [SOLZ.US](https://longbridge.com/en/quote/SOLZ.US.md)
- [SOLT.US](https://longbridge.com/en/quote/SOLT.US.md)

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