SOL Technical Outlook: Breakdown From Structure, Entering Deep Corrective Phase

SOL has been rejected from the $210–$250 macro supply zone (0.786–1 Fib) and has transitioned into a broader corrective structure after the cycle distribution top. Price continues to respect a descending corrective channel, producing lower highs and weak recovery attempts.

Recent price action shows SOL losing the $111 (0.236 Fib) level and flushing into the $85–$70 macro demand zone, where buyers are now attempting to absorb sell pressure. However, higher-timeframe structure remains bearish.

EMA Structure (Bearish Bias, No Trend Reversal Yet)

20 EMA: $102.56
50 EMA: $118.09
100 EMA: $133.23
200 EMA: $149.13

SOL is trading below all major EMAs, confirming a bearish medium- and long-term structure. The $133–$149 zone (100 & 200 EMA) now acts as heavy dynamic resistance.

As long as SOL remains below this cluster, any bounce is corrective, not impulsive.

Fibonacci & Price Structure

1 Fib: $253.47
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: $67.14

SOL has lost the 0.236 Fib ($111) and is now trading in a deep retracement zone, with structural gravity pulling price toward the $82–$67 Fib 0 base.

A sustained reclaim of $111–$138 would be required to shift structure back toward neutral.

Structural Context

Price remains inside a descending corrective structure, with no confirmed base yet. Short-term demand is visible near $85–$70, but SOL must build a range before any bullish structure can develop.

A daily close above $111 would be the first signal of structural improvement.

RSI Momentum

RSI (14): 27

RSI is in oversold territory, showing bearish momentum dominance. Relief bounces are possible, but momentum does not yet support a trend reversal.

📊 Key Levels

Resistance
• $111 (0.236 Fib / breakdown level)
• $138 (0.382 Fib)
• $160 (0.5 Fib)
• $182 (0.618 Fib)

Support
• $85–$70 (macro demand)
• $67 (Fib 0 / cycle base)

📌 Summary

SOL has completed a distribution → breakdown → markdown sequence from the cycle highs. Price is now in a deep corrective phase with heavy resistance overhead. Until SOL can reclaim and hold above $111–$138, the structure remains bearish and corrective, not bullish — with $67 acting as the key long-term structural base.

$SOL ‌#BuyTheDipOrWaitNow?