SOL Technical Outlook: Breakdown From Range Support, Entering Deep Corrective Phase

SOL has been rejected from the $219–$253 macro supply zone (0.786–1 Fib) and remains in 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 $130–$120 support cluster and flushing into the $96–$105 macro demand base, where buyers are now attempting to slow downside momentum. However, overall structure remains bearish.

EMA Structure (Bearish Bias, No Trend Reversal Yet)

20 EMA: $119.67
50 EMA: $128.54
100 EMA: $140.36
200 EMA: $153.72

SOL is trading below all major EMAs, confirming a bearish medium- to long-term structure.
The $140–$154 zone (100 & 200 EMA) now acts as major dynamic resistance.

Fibonacci & Price Structure

1 Fib: $253.47
0.786 Fib: $219.97
0.618 Fib: $193.67
0.5 Fib: $175.19
0.382 Fib: $156.72
0.236 Fib: $133.86
Fib 0: $96.91

SOL has lost the 0.236 Fib ($133.86) and is now trading near the Fib 0 base ($96.91) — a deep retracement zone after the cycle top.

A sustained reclaim of $130–$156 would be required to shift structure back toward neutral.

Structural Context

Price remains inside a corrective descending structure, with no confirmed base yet.
Short-term demand is visible near $96–$105, but SOL must build a range before any bullish structure can develop.

A daily close above $133–$156 would be the first signal of structural improvement.

RSI Momentum

RSI (14): 28

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

📊 Key Levels

Resistance
• $134 (0.236 Fib)
• $157 (0.382 Fib)
• $175 (0.5 Fib)
• $194 (0.618 Fib)

Support
• $105–$96 (macro demand)
• $96.9 (Fib 0 / cycle base)

📌 Summary

SOL has completed a distribution → breakdown → markdown sequence from the 2025 highs. Price is now trading in a deep corrective phase with heavy resistance overhead. Until SOL can reclaim and hold above $133–$156, the structure remains bearish and corrective, not bullish.

$SOL ‌#WhenWillBTCRebound?