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

SOL has been rejected from the $216–$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 $120–$130 support cluster (0.236 Fib) and flushing into the $80–$96 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: $113.26
50 EMA: $125.15
100 EMA: $138.17
200 EMA: $152.35

SOL is trading below all major EMAs, confirming a bearish medium- to long-term structure. The $138–$152 zone (100 & 200 EMA) now acts as major dynamic resistance.

Fibonacci & Price Structure

1 Fib: $253.47
0.786 Fib: $216.13
0.618 Fib: $186.82
0.5 Fib: $166.24
0.382 Fib: $145.65
0.236 Fib: $120.17
Fib 0: $79.00

SOL has lost the 0.236 Fib ($120.17) and is now trading near the Fib 0 base ($79) — a deep retracement zone after the cycle top.

A sustained reclaim of $120–$146 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 $80–$96, but SOL must build a range before any bullish structure can develop.

A daily close above $120–$146 would be the first signal of structural improvement.

RSI Momentum

RSI (14): 20

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

📊 Key Levels

Resistance
• $120 (0.236 Fib)
• $146 (0.382 Fib)
• $166 (0.5 Fib)
• $187 (0.618 Fib)

Support
• $96–$80 (macro demand)
• $79 (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 $120–$146, the structure remains bearish and corrective, not bullish.

$SOL ‌