$SOL Technical Analysis (1D Chart)
Current Price: $155.17
Trend: Still bearish — the chart clearly shows a consistent downtrend starting from the $253 area. You drew a valid trendline that connects multiple lower highs, confirming ongoing selling pressure.
Trendline Overview
The descending trendline you drew is acting as a strong dynamic resistance. Every time the price tries to move up, it gets rejected near that line.
A clean breakout above $164–166 (daily candle close above it) would be the first real signal that the trend might be shifting to bullish.
Support and Resistance Levels
Type Price (USDT) Notes
Support 1 150 Short-term support (today’s low)
Support 2 145.8 Recent swing low
Support 3 140 Stronger demand zone
Resistance 1 164 Trendline resistance / breakout level
Resistance 2 187–190 Next resistance zone
Resistance 3 211 Long-term resistance (near MA10)
Trade Setup (Not Financial Advice)
🟩 Possible Long Setup (If Breakout Happens)
Entry: $150–155
Stop Loss: $144
Take Profit 1: $164
Take Profit 2: $187
Take Profit 3: $211
👉 Wait for confirmation — only consider buying if the daily candle closes above the trendline (around $164) with higher volume.
🟥 Possible Short Setup (If Rejected Again)
Entry: $160–164 (after rejection near the trendline)
Stop Loss: $166.5
Take Profit 1: $150
Take Profit 2: $145
Take Profit 3: $140
$SOL is still in a clear downtrend.
Bulls need to push and close above $164 to break out of this structure.
If it drops below $150–145, expect another leg down.
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