# chart

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SOL Technical Outlook: Bearish Compression Near Range Support
Solana continues to trade within a well-defined downtrend channel, with recent price action showing consolidation just above key support — a structure that often precedes continuation to the downside.
Currently, SOL is trading around $79–$84, struggling to hold short-term support while failing to reclaim higher resistance zones.
EMA Structure (Sustained Bearish Trend)
20 EMA: $83.9
50 EMA: $89.0
100 EMA: $101.6
200 EMA: $122.5
Price remains below all major EMAs
Repeated rejection from 20 & 50 EMA cluster
Wide gap from 100 & 200 EMA
SOL1.10%
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HelalChowdhury:
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