SOL Technical Outlook: Solana Attempts Recovery After Deep Corrective Decline

Solana remains within a broader corrective structure after facing strong rejection from the $224–$253 macro supply zone, where price topped near the 0.786–1.0 Fibonacci levels. This rejection marked a clear distribution phase, ending the prior bullish impulse and initiating a prolonged downside move.

The selloff accelerated once SOL lost the $201–$185 region (0.618–0.5 Fib), confirming a bearish structural shift and turning this area into a major overhead resistance zone.

EMA Structure (Bearish With Early Stabilization)

20 EMA – $134.10
50 EMA – $136.85
100 EMA – $148.98
200 EMA – $160.50

SOL is still trading below all major EMAs, keeping the broader trend bearish. However, price has reclaimed the 20 & 50 EMA, signaling short-term recovery momentum. The $149–$161 zone, aligned with the 100 & 200 EMA, remains a critical dynamic resistance area.

Fibonacci & Price Structure

1 Fib: $253.47
0.786 Fib: $224.22
0.618 Fib: $201.25
0.5 Fib: $185.12
0.382 Fib: $168.99
0.236 Fib: $149.03
Fib 0: $116.77

SOL is consolidating above the $125–$135 major demand zone, aligned closely with the Fib 0 level, where strong buying interest previously emerged. Recent price action shows higher lows, suggesting a base formation and increasing probability of a relief rally.

A sustained move above $149 (0.236 Fib) opens upside toward $169–$185, where heavy Fibonacci and EMA confluence resistance exists. A meaningful structural shift would require acceptance above $185 (0.5 Fib).

RSI Momentum

RSI (14): 58

RSI has recovered above neutral territory, reflecting improving bullish momentum and growing buyer participation. While this supports further upside attempts, RSI also suggests SOL is approaching local resistance conditions, making short-term consolidation likely near overhead resistance zones.

📊 Key Levels

Resistance

$149 (0.236 Fib)
$169 (0.382 Fib)
$185 (0.5 Fib)
$201 (0.618 Fib)

Support

$135–$130 (short-term support)
$125 (major demand zone)
$116 (Fib 0 / extended downside support)

📌 Summary

Solana is showing early recovery signs after defending a major long-term demand zone. While short-term momentum has turned constructive, the broader structure remains corrective unless SOL can reclaim the $169–$185 resistance zone with strength. Failure to hold above $130–$125 would place SOL back under downside pressure toward the $116 major demand level.

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