SOL Technical Outlook: Solana Attempts Stabilization After Deep Corrective Decline

Solana remains within a broader bearish 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 region marked a clear distribution phase, ending the prior bullish cycle and initiating a sharp multi-leg decline.

The downside momentum accelerated after SOL lost the $201–$185 region (0.618–0.5 Fib), flipping this area into a major resistance zone and confirming a structural trend reversal to the downside.

EMA Structure (Bearish With Short-Term Relief Attempt)

20 EMA – $133.01
50 EMA – $136.66
100 EMA – $149.38
200 EMA – $160.93

SOL continues to trade below all major EMAs, keeping the broader trend bearish. Price has recently reclaimed the 20 & 50 EMA, signaling short-term relief momentum, but remains capped below the 100 & 200 EMA, which form a strong dynamic resistance zone between $149–$161.

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 $120–$130 major demand zone, aligned closely with the Fib 0 level, where strong buying interest previously emerged. Price action shows higher lows, indicating early base formation and increasing probability of a relief rally.

A sustained move above $149 (0.236 Fib) would open upside toward $168–$185, where heavy Fibonacci and EMA confluence resistance is present. A meaningful structural recovery would require acceptance above $185 (0.5 Fib).

RSI Momentum

RSI (14): 60

RSI has pushed back into bullish momentum territory, signaling increasing buyer strength and improving short-term sentiment. While this supports continued upside attempts, RSI also suggests price is approaching key resistance zones, where consolidation or rejection remains possible.

📊 Key Levels

Resistance

$149 (0.236 Fib)
$160–$169 (100 EMA / 0.382 Fib)
$185 (0.5 Fib)
$201 (0.618 Fib)

Support

$136–$133 (short-term support)
$130–$120 (major demand zone)
$116 (Fib 0)

📌 Summary

Solana is showing early stabilization signs after defending a major long-term demand zone. While short-term momentum has turned constructive, the broader structure remains bearish unless SOL can reclaim the $168–$185 resistance zone with strength. Failure to hold above the $130–$120 region would expose SOL to renewed downside pressure toward the $116 Fib 0 level.

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