Solana remains in a clear bearish structure after facing strong rejection from the $225–$253 supply zone, where price topped near the 0.786 and 1.0 Fibonacci levels. This rejection marked a distribution phase and triggered a sustained downside move.
The sell-off accelerated once SOL lost the $203–$187 region (0.618–0.5 Fib), confirming a breakdown of key structural support and shifting the trend firmly in favor of sellers.
EMA Structure (Bearish Alignment)
SOL is currently trading below all major EMAs, which are stacked overhead and sloping downward:
20 EMA – $135.19
50 EMA – $148.60
100 EMA – $163.46
200 EMA – $170.74
This EMA alignment confirms strong bearish control, with every recovery attempt facing heavy dynamic resistance.
Price is now consolidating above the $126–$128 demand zone, which aligns closely with the Fib 0 level at $127.63. This area has historically acted as a strong support zone, and recent price action suggests selling pressure is weakening, increasing the probability of a short-term relief bounce.
For bulls, the first key level to reclaim is $152.74 (0.236 Fib). A daily close above this level would signal early stabilization. A stronger recovery would require SOL to break above $171.99 (0.382 Fib) and then reclaim $187.55 (0.5 Fib), where previous breakdowns occurred.
A full trend reversal would only be confirmed if SOL regains $203.11 (0.618 Fib) and holds above it — a scenario that currently appears unlikely without a broader market shift.
On the downside, failure to hold the $126 support would expose SOL to $120 and below, where deeper historical demand lies.
RSI is currently around 37, indicating weak momentum, but not deeply oversold — consistent with consolidation rather than aggressive selling.
📊 Key Levels
Resistance
$135.19 (20 EMA)
$148.60 (50 EMA)
$152.74 (0.236 Fib)
$171.99 (0.382 Fib)
$187.55 (0.5 Fib)
$203.11 (0.618 Fib)
$225.26 (0.786 Fib)
Support
$126–$128 (major demand zone)
$127.63 (Fib 0)
$120 (extended downside support)
RSI
37.43 — weak momentum, stabilizing near demand
📌 Summary
SOL is consolidating above a critical long-term demand zone after a sharp multi-week decline. While fading sell pressure may support a short-term bounce, the broader structure remains bearish unless SOL reclaims the $172–$187 resistance zone with strength. A breakdown below $126 would expose SOL to further downside risk.
