SOL Technical Outlook: Testing Macro Support After Structural Breakdown

Solana remains in a corrective decline after failing to hold the $130–$160 resistance cluster, aligned with the 0.382–0.5 Fibonacci zone. Multiple lower highs within a descending channel and a breakdown below the 0.236 level ($111) confirmed continuation of the bearish structure.

Price is consolidating around $80–$85, just above the macro base near $67, forming a short-term stabilization zone after the drop from $200+ highs. This area is a key decision point for SOL’s next move.

EMA Structure (Bearish Alignment)

20 EMA: $92.29

50 EMA: $108.70

100 EMA: $125.91

200 EMA: $144.10

SOL trades below all major EMAs, confirming strong bearish alignment.

The $92–$110 zone (20 & 50 EMA cluster) is immediate resistance, while $125–$145 remains broader trend resistance. Any move into these zones is likely corrective unless reclaimed with strong volume.

Fibonacci & Price Structure

0.786 Fib: $213.60

0.618 Fib: $182.29

0.5 Fib: $160.31

0.382 Fib: $138.32

0.236 Fib: $111.11

Fib 0 (Macro Base): $67.14

Failure to hold the 0.382–0.5 cluster and the break below 0.236 confirmed structural weakness.

Consolidation near $80–$85 suggests temporary absorption of sell pressure.

Breakdown below $80 exposes $67 macro base

Holding support could allow relief bounce toward $92–$110

RSI Momentum

RSI (14) sits near 30–33, reflecting near-oversold conditions.

📊 Key Levels

Resistance

$92–$110 (EMA cluster)

$111 (0.236 Fib)

$138 (0.382 Fib)

$160 (0.5 Fib)

Support

$80–$82 (local demand)

$67 (macro base)

RSI: 30–33 — near oversold

📌 Summary

Solana is stabilizing near macro support after a prolonged decline. While downside momentum has slowed and price is attempting to hold above $80, the broader structure remains bearish below $110–$125.

A sustained recovery requires reclaiming $111 and holding above the EMA cluster. A breakdown below $80 would likely open continuation toward the $67 macro base.

$SOL #BitcoinPlungeNearsHistoricLows