SOL/USD continues to trade within a long-term ascending channel, but in the past two weeks, the pair has been testing its lower boundary, showing early signs of potential breakdown. A confirmed move below the 187.50–183.80 zone (Murray [4/8], 50.0% Fibonacci retracement) could accelerate the decline toward 165.70 (38.2% Fib) and 140.62 (Murray [1/8], 23.6% Fib).
For bulls, the key level to watch is 203.12 (Murray [5/8], 61.8% Fib) — a breakout above it would indicate renewed bullish strength, opening the path to 234.38 (Murray [7/8]), 250.00 (Murray [8/8]), and potentially 265.62 (Murray [+1/8]), the upper boundary of the channel.
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Technical Analysis
• Bollinger Bands: Pointing downward — confirming bearish momentum.
• MACD: Stable in the negative zone — selling pressure remains dominant.
• Stochastic: Flattening after recovery — showing a pause in momentum.
On the weekly chart, price action is attempting to break below the midline of the Bollinger Bands, which would confirm a medium-term correction phase if realized.
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Trading Plan
📉 Sell Setup
• Entry: 183.75
• Targets: 165.70 → 140.62
• Stop-Loss: 197.00
• Time Horizon: 5–7 days
📈 Buy Setup (Breakout Scenario)
• Entry: 203.15
• Targets: 234.38 → 250.00 → 265.62
• Stop-Loss: 187.00
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Key Levels
Support: 183.80 · 165.70 · 140.62
Resistance: 203.12 · 234.38 · 250.00 · 265.62
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💬 Solana is at a critical point within its long-term uptrend. A daily close below 183.80 could confirm a deeper correction, while a breakout above 203.12 would revive bullish sentiment and signal a return toward the upper channel levels.
For bulls, the key level to watch is 203.12 (Murray [5/8], 61.8% Fib) — a breakout above it would indicate renewed bullish strength, opening the path to 234.38 (Murray [7/8]), 250.00 (Murray [8/8]), and potentially 265.62 (Murray [+1/8]), the upper boundary of the channel.
⸻
Technical Analysis
• Bollinger Bands: Pointing downward — confirming bearish momentum.
• MACD: Stable in the negative zone — selling pressure remains dominant.
• Stochastic: Flattening after recovery — showing a pause in momentum.
On the weekly chart, price action is attempting to break below the midline of the Bollinger Bands, which would confirm a medium-term correction phase if realized.
⸻
Trading Plan
📉 Sell Setup
• Entry: 183.75
• Targets: 165.70 → 140.62
• Stop-Loss: 197.00
• Time Horizon: 5–7 days
📈 Buy Setup (Breakout Scenario)
• Entry: 203.15
• Targets: 234.38 → 250.00 → 265.62
• Stop-Loss: 187.00
⸻
Key Levels
Support: 183.80 · 165.70 · 140.62
Resistance: 203.12 · 234.38 · 250.00 · 265.62
⸻
💬 Solana is at a critical point within its long-term uptrend. A daily close below 183.80 could confirm a deeper correction, while a breakout above 203.12 would revive bullish sentiment and signal a return toward the upper channel levels.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.