SOL Technical Outlook: Solana Under Sustained Bearish Pressure Near Major Demand Zone

Solana continues to trade in a strong corrective trend, remaining below key Fibonacci levels and major moving averages. After failing to reclaim the $185–$190 supply zone (0.5 Fib), SOL experienced another leg lower and is now consolidating near critical long-term support.

Price action suggests seller dominance, with only limited signs of short-term stabilization.

EMA Structure (Strongly Bearish)

20 EMA – $127.29

50 EMA – $139.26

100 EMA – $155.08

200 EMA – $165.48

SOL is trading below all major EMAs, with the 20 & 50 EMA sharply sloping downward, acting as immediate resistance. This EMA alignment confirms that bearish momentum remains firmly intact.

Fibonacci & Market Structure

0.786 Fib: $224.20 (major rejection zone)

0.618 Fib: $201.25

0.5 Fib: $185.12 (key supply zone)

0.382 Fib: $168.99

0.236 Fib: $149.03

Fib 0: $116.77 (major demand zone)

SOL failed to hold above the 0.236 Fib ($149) and has since continued lower. Current price action is hovering just above the $116–$125 demand zone, which is a make-or-break level for the medium-term structure.

RSI Momentum

RSI is currently around 43, showing weak bullish divergence attempts, but remains below the neutral 50 level — signaling fragile momentum and continued downside risk if support fails.

📊 Key Levels

Resistance

$127–$140 (20 & 50 EMA zone)

$149 (0.236 Fib)

$169 (0.382 Fib)

$185–$190 (0.5 Fib supply zone)

Support

$124–$116 (major demand zone)

$112.5 (critical structural support)

Below $112 → opens room for deeper downside

RSI

43 — neutral-bearish momentum

📌 Summary

Solana remains in a clear bearish structure, trading below all major resistance levels. As long as price stays under $150–$165, rallies are likely to face selling pressure. The $116–$125 zone is critical — a confirmed breakdown could accelerate losses, while a strong defense may trigger a short-term relief bounce.

$SOL
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