The current technical picture as of December 23, 2025, looks more tense than in previous growth periods. At a price of $123.10, the asset is in a zone of important psychological and technical testing.
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📉 Overall price dynamics
• Current price: $123.10 (Binance).
● Trend:
Short-term and medium-term trends remain bearish. Over the past 7 days, the price has decreased by approximately 4.2%, and the annual decline is about 30% from the highs.
● Historical context:
The price is trading significantly below its maximum this year (ATH recorded January 19, 2025, at $293.31). The asset is currently in a prolonged correction phase.
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🛠 Key technical indicators
Most indicators on the daily timeframe (1D) signal pressure from sellers:
Moving Averages:
• SMA 50 and SMA 200: The price is below both lines.
• The 50-day moving average is around $125.80 - $131.00, serving as the nearest dynamic resistance.
• The 200-day average is far above (~$170), confirming a long-term bearish cycle.
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RSI (Relative Strength Index):
It is at the level of 43.5 - 48.0. This is a neutral zone but with a tilt towards 'weakness'. The asset is not yet oversold (below 30), so the space for further decline technically remains.
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MACD:
The histogram is in the negative zone, signaling 'Sell'. There is a lack of strong buying momentum.
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🧱 Support and resistance levels
Solana is currently trapped in a narrow range, the exit from which will determine the movement at the beginning of 2026:
Support zones:
• ($120.00 - $122.00): Key psychological area. If the price settles below $120, it may trigger a wave of capitulation.
• $117.30: Local minimum of December.
• $100.00: Main long-term support level.
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Resistance zones:
• $131.00 - $134.00: The nearest barrier where short-term moving averages pass.
• $145.00 - $150.00: Strong resistance zone. Breaking this level will be the first serious sign of a trend reversal to bullish.
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📝 Conclusion
Technical analysis indicates a stage of consolidation with a bearish tilt. The market is frozen in anticipation: will Solana hold the level of $120.
Negative scenario:
Breaking $120 downwards will open the way to $100.
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Positive scenario:
Holding current levels and returning above $135 will indicate the formation of a local 'bottom' and readiness for a rebound.
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Institutional interest (news about ETFs on Solana) and network activity (new bridges, for example, with Cardano) remain fundamental factors that could break the technical bearish picture at any moment.
