📊 SOL Technical Outlook: Solana Stabilizes Near Key Support

Solana remains in a corrective phase after failing to hold above the $185–$200 resistance region. The breakdown below the descending trendline confirms a shift from bullish to neutral-bearish momentum.

💹 Current Price Action

Consolidating near $130–$136, forming a short-term base

Strong demand zone: $128–$132

Upside likely faces selling pressure between $136–$150 unless reclaimed decisively

📈 EMA Structure (Bearish to Neutral)

20 EMA: $132.02

50 EMA: $136.60

100 EMA: $149.87

200 EMA: $161.41

Trading below all major EMAs, the broader momentum remains bearish, with immediate resistance at the 20 & 50 EMA.

📐 Fibonacci Levels & Price Structure

0.786 Fib: $224.22 (major rejection zone)

0.618 Fib: $201.25 (key breakdown level)

0.5 Fib: $185.12 (trend-defining resistance)

0.382 Fib: $168.99

0.236 Fib: $149.03

Fib 0: $116.77

A breakdown below $128 could push SOL toward $116, while holding above may allow a relief bounce toward $150+ resistance.

⚡ RSI Momentum

Currently around 56, showing mild bullish recovery

Recovery likely, but not a full trend reversal yet

📌 Key Levels
Resistance: $136–$138 | $149 | $168–$170 | $185 | $201
Support: $132–$128 | $118–$116

Summary:
Solana is consolidating after a prolonged decline. While downside momentum has slowed and RSI shows recovery, the overall structure remains bearish below $150–$160. A sustained recovery requires reclaiming $149 and stabilizing above $168–$185, while a breakdown below $128 could trigger further downside.

$SOL
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