SOL Technical Outlook: Solana Holds Major Demand Zone as Downtrend Remains Intact

Solana continues to trade under bearish pressure, moving inside a clear descending trendline after topping near the $245–$250 supply zone, which aligns with the Fib 1.0 level ($253). This rejection marked the end of the prior uptrend and initiated a sustained corrective move.

The sell-off accelerated after SOL lost the $201 (0.618 Fib) and $185 (0.5 Fib) levels, both of which previously acted as strong support and have now flipped into resistance.

EMA Structure (Bearish Alignment)

20 EMA – $128.12

50 EMA – $140.58

100 EMA – $156.37

200 EMA – $166.33

Price is trading below all major EMAs, with EMAs stacked bearishly and sloping downward, confirming strong downside control. Every bounce continues to face heavy dynamic resistance from the 20–50 EMA zone.

SOL is currently consolidating just above a major long-term demand zone around $115–$120, which aligns closely with the Fib 0 level at $116.77. This zone has historically provided strong support, and current price action suggests selling momentum is slowing, increasing the chance of a short-term relief bounce.

For bulls, the first meaningful level to reclaim is $149 (0.236 Fib). A daily close above this level could open the door toward $169 (0.382 Fib), followed by a stronger resistance zone near $185 (0.5 Fib).

However, a full trend reversal would require SOL to break above the descending trendline and reclaim the $200+ region, which currently appears unlikely without broader market strength.

RSI Momentum

RSI is hovering around 35–39, indicating weak momentum and near-oversold conditions, consistent with basing behavior rather than aggressive selling.

📊 Key Levels

Resistance

$128 (20 EMA)

$141 (50 EMA)

$149 (0.236 Fib)

$169 (0.382 Fib)

$185 (0.5 Fib)

$201 (0.618 Fib)

$224 (0.786 Fib)

Support

$120–$115 (major demand zone)

$112.5 (extended downside support if demand fails)

RSI

35–39 — weak momentum, near oversold

📌 Summary

SOL is holding above a critical long-term demand zone while trading within a broader bearish downtrend. Although downside momentum is slowing and a relief bounce is possible, the overall structure remains bearish unless SOL reclaims the $170–$185 resistance zone. A breakdown below $115 would expose SOL to deeper downside risk.

$SOL
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