๐ $SOL Technical Analysis October 10, 2025: PRICE DIPS TO $210.66 AMID SHARP BEARISH SWING BUT OVERSOLD RSI SCREAMS FOR A POTENTIAL BOUNCE ๐
๐ Market Insight
โข Current Price: $210.66 USDT
โข EMAs signal full bearish crossover, with price trading well below EMA7 ($216.44), EMA25 ($221.84), EMA99 ($222.15), and EMA200 ($219.01), reinforcing sustained downward momentum.
โข Volume spikes to $345.43M in 24h (USDT), reflecting heavy selling as SOL slides from the 24h high of $224.46 toward the low of $209.01.
โข RSI readings flash oversold on short-term frames (RSI6 at 25.35), indicating potential exhaustion in sellers, while RSI24 (39.60) stays mildly bearish but not extreme.
๐ Important Levels to Watch
๐ผ Resistance Levels:
$212.00
$216.00
$220.00
๐ฝ Support Levels:
$209.00
$205.00
$200.00
๐ก TRADE PLANS:
๐ Bullish Trade Setup: Bounce above $212.00
โ๏ธ Entry Point: $213.00 (enter if price reclaims $212.00 on bullish volume surge)
๐ฏ Price Target:
TP1: $216.00
TP2: $220.00
๐ Stop Loss: $208.00 (under 24h low for tight risk control)
โ ๏ธ Confirmation: Seek bullish engulfing candle above $212.00, volume pickup, RSI(6) crossing 30+, and price hugging EMA200 from below.
๐ป Bearish Trade Setup: Slip below $209.00
โ๏ธ Entry Point: $208.00 (enter on confirmed break of $209.00 with downside conviction)
๐ฏ Price Target:
TP1: $205.00
TP2: $200.00
๐ Stop Loss: $211.00 (above immediate resistance)
โ ๏ธ Confirmation: Bearish close under $209.00 on elevated volume, RSI(6) dipping below 20, and price accelerating away from all EMAs.
๐ Suggestion to Open Positions Today:
SOLโs plunge to $210.66 marks a 3.76% daily rout, shattering the EMA200 and probing 24h lows around $209.01 amid frenzied volumeโpure bearish fireworks. Yet, RSI(6) at 25.35 screams oversold, teeing up a relief rally toward $220.00 if bulls defend the lows. Breach $209.00 and itโs game on for $200.00 territory. Wait for volume-backed RSI flips before jumping in today.
