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$SOL Technical Analysis September 26, 2025: PRICE STANDS AT $196.25 WITH PERSISTENT BEARISH BIAS 📉
📊 Market Insight
• Current Price: $196.25 USDT
• Moving Averages (MAs) indicate a bearish trend, with price below all key EMAs, suggesting continued downward momentum.
• Volume is high at 6.74M SOL with a 24h change of -2.30%, reflecting significant selling pressure amid the recent drop.
• MACD shows bearish conditions (DIF: -8.25, DEA: -7.85, MACD: -0.40), indicating strong negative momentum and sustained selling pressure.
• RSI values suggest oversold conditions (RSI6: 35.88), hinting at a potential short-term rebound.
📊 Important Levels to Watch
🔼 Resistance Levels:
$200.00
$210.00
$216.00
🔽 Support Levels:
$190.00
$180.00
$170.00
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $200.00
☑️ Entry Point: $201.00 (enter if price breaks above $200.00 with bullish momentum confirmation)
🎯 Price Target:
TP1: $210.00
TP2: $216.00
🛑 Stop Loss: $198.00 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above $200.00, rising volume, RSI(6) above 50, and MACD histogram turning positive.
🐻 Bearish Trade Setup: Drop below $190.00
☑️ Entry Point: $189.00 (enter if price falls below $190.00 with bearish momentum confirmation)
🎯 Price Target:
TP1: $180.00
TP2: $170.00
🛑 Stop Loss: $192.00 (above the support level)
⚠️ Confirmation: Watch for a strong bearish candle close below $190.00, declining volume, RSI(6) falling below 20, and MACD crossing further bearish.
📌 Suggestion to Open Positions Today:
The current price action reflects a strong bearish trend following a 2.30% drop in 24h, with price falling below all key EMAs. The oversold RSI suggests a possible short-term bounce. A breakout above $200.00 could signal a reversal toward $216.00 if buying momentum returns, while a breach below $190.00 may push prices toward $170.00. Confirm entries with volume trends and RSI recovery before positioning.
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