๐ $SOL Technical Analysis September 26, 2025: PRICE STANDS AT $196.25 WITH PERSISTENT BEARISH BIAS ๐
๐ Market Insight โข Current Price: $196.25 USDT โข Moving Averages (MAs) indicate a bearish trend, with price below all key EMAs, suggesting continued downward momentum. โข Volume is high at 6.74M SOL with a 24h change of -2.30%, reflecting significant selling pressure amid the recent drop. โข MACD shows bearish conditions (DIF: -8.25, DEA: -7.85, MACD: -0.40), indicating strong negative momentum and sustained selling pressure. โข RSI values suggest oversold conditions (RSI6: 35.88), hinting at a potential short-term rebound.
๐ Important Levels to Watch ๐ผ Resistance Levels: $200.00 $210.00 $216.00 ๐ฝ Support Levels: $190.00 $180.00 $170.00
๐ก TRADE PLANS: ๐ Bullish Trade Setup: Breakout above $200.00 โ๏ธ Entry Point: $201.00 (enter if price breaks above $200.00 with bullish momentum confirmation) ๐ฏ Price Target: TP1: $210.00 TP2: $216.00 ๐ Stop Loss: $198.00 (below the resistance to manage risk) โ ๏ธ Confirmation: Look for a strong bullish candle close above $200.00, rising volume, RSI(6) above 50, and MACD histogram turning positive.
๐ป Bearish Trade Setup: Drop below $190.00 โ๏ธ Entry Point: $189.00 (enter if price falls below $190.00 with bearish momentum confirmation) ๐ฏ Price Target: TP1: $180.00 TP2: $170.00 ๐ Stop Loss: $192.00 (above the support level) โ ๏ธ Confirmation: Watch for a strong bearish candle close below $190.00, declining volume, RSI(6) falling below 20, and MACD crossing further bearish.
๐ 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.
