SOL Technical Outlook: Solana Attempts Weak Bounce as Price Trades Near Major Support Zone

SOL remains under heavy selling pressure after failing to break above the $187–$203 resistance region, where a clear lower-high pattern signaled buyer exhaustion. This rejection triggered a strong continuation of the downtrend, pushing SOL below the 20 EMA ($146.8), 50 EMA ($168.2), 100 EMA ($179.1), and 200 EMA ($179.4) — confirming a full bearish trend structure with all major EMAs now acting as resistance.

Price has now dropped into the $125–$133 support zone, where a mild bounce is beginning to form. However, momentum remains weak, and a daily close below $125 would open the door for a deeper decline toward $121.6, the next major support level shown on the chart.

If sellers maintain control, SOL could extend even further toward the $110–$115 demand region, a key historical support area where buyers have previously shown strong interest.

For any meaningful recovery, bulls must first reclaim $146.8 (20 EMA), followed by a break above $152.7 (0.236 Fib). A stronger bullish reversal would require SOL to close above $168.2 (50 EMA) and ultimately $187.5 (0.5 Fib) — the level that would begin shifting the medium-term trend back toward bullish.

The RSI at 35.0 is approaching oversold territory, suggesting the possibility of a short-term relief bounce — but downward momentum remains dominant unless SOL reclaims multiple resistance layers.

📊 Key Levels

Resistance:

$146.8 → $152.7 → $168.2 → $187.5

Support:

$133 → $125 → $121.6 → $110–$115

RSI:

35.0 — Near oversold zone

📌 Summary

SOL is attempting a minor rebound after dropping into a major support region, but the broader structure remains decisively bearish. While RSI signals the possibility of a temporary bounce, the trend will stay bearish unless SOL reclaims the $152–$168 resistance zone with strong momentum.

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