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SOL Technical Outlook: Price Consolidates at Major Demand as Bearish Structure Persists SOL remains under firm bearish control following a prolonged rejection from the $225–$253 supply zone, where price topped near the 0.786–1.0 Fibonacci levels. This area marked a clear distribution phase and initiated a sustained downside move. Selling pressure intensified after SOL lost the $203–$187 region (0.618–0.5 Fib), triggering a breakdown below all major EMAs and accelerating the decline. EMA Structure (Bearish Alignment) 20 EMA – $133.61 50 EMA – $146.91 100 EMA – $162.02 200 EMA – $169.87 All EMAs are stacked above price and sloping downward, confirming a strong bearish trend where every relief rally continues to face heavy dynamic resistance. SOL is currently consolidating just above the $127–$132 major demand zone, which aligns closely with the Fib 0 level at $127.63. This zone has historically provided strong support, and recent price action suggests selling momentum is weakening, increasing the probability of a short-term relief bounce. For bulls, the first key level to reclaim is $152.74 (0.236 Fib). A daily close above this level would signal early stabilization. A stronger recovery would require SOL to break above $171.99 (0.382 Fib) and then reclaim $187.55 (0.5 Fib) — levels that previously acted as strong support and now represent major resistance. A full trend reversal would only be confirmed if SOL regains $203.11 (0.618 Fib) and holds above it — a scenario that remains unlikely without broader market strength. On the downside, failure to hold the $127–$132 support zone would invalidate the current base and expose SOL to deeper losses toward $120 and below. RSI is currently near 35, indicating weak momentum, but not deeply oversold — consistent with consolidation rather than panic selling. 📊 Key Levels Resistance $146.91 (50 EMA) $152.74 (0.236 Fib) $171.99 (0.382 Fib) $187.55 (0.5 Fib) $203.11 (0.618 Fib) $225.26 (0.786 Fib) Support $132–$127 (major demand zone) $127.63 (Fib 0) $120 (extended downside support) RSI 35 — weak momentum, stabilizing near demand 📌 Summary SOL is consolidating above a critical long-term demand zone after a sharp multi-week decline. While weakening sell pressure may allow a short-term bounce, the broader structure remains bearish unless SOL reclaims the $172–$187 resistance zone with strength. A breakdown below $127 would expose SOL to further downside risk. $SOL #HasTheMarketDipped?
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