The SOL/USD pair is trading within a medium-term downtrend, forming a corresponding channel. However, since the middle of last month, prices have shifted into sideways movement within the 125.00–150.00 range (Murray levels [2/8]–[4/8]) amid rising global monetary and trade uncertainty. The instrument is now once again attempting to consolidate below the lower boundary of this range in order to continue its decline toward the targets at 100.00 (Murray level [0/8]) and 75.00 (Murray level [–2/8]). A breakout above 150.00 (Murray level [4/8]), reinforced by the upper Bollinger Band, would allow prices to exit the descending channel through the upper boundary, signaling a potential trend reversal and opening the way toward the 187.50 (Murray level [7/8]) and 200.00 (Murray level [8/8], Fibonacci retracement 23.6%) area.
Technical indicators do not provide a clear signal: Bollinger Bands are moving sideways, as is the Stochastic oscillator, while the MACD remains stable in negative territory.
It is also worth noting that on the weekly chart, prices continue to show signs of forming a “double top” pattern, confirming the potential for further downside movement at least toward the 93.75 level (Murray level [3/8], W1).
Support and resistance levels
Resistance levels: 150.00, 187.50, 200.00.
Support levels: 125.00, 100.00, 75.00.
Trading scenarios and SOL/USD forecast
Short positions can be opened from the 121.00 level with targets at 100.00 and 75.00, and a stop-loss at 139.00. Time horizon: 5–7 days.
Long positions can be opened above the 150.00 level with targets at 187.50 and 200.00, and a stop-loss at 130.00.
Scenario
| Timeframe |
Weekly |
| Recommendation |
SELL STOP |
| Entry point |
121.00 |
| Take Profit |
100.00, 75.00 |
| Stop Loss |
139.00 |
| Key levels |
75.00, 100.00, 125.00, 150.00, 187.50, 200.00 |
Alternative scenario
| Recommendation |
BUY STOP |
| Entry point |
151.00 |
| Take Profit |
187.50, 200.00 |
| Stop Loss |
130.00 |
| Key levels |
75.00, 100.00, 125.00, 150.00, 187.50, 200.00 |
John Isige is an experienced cryptocurrency journalist and market analyst specializing in digital assets, blockchain innovation, and emerging Web3 trends. He provides clear, actionable market insights for traders and investors, with particular expertise in DeFi, smart contracts, NFTs, RWAs, and AI-powered blockchain ecosystems. His commentary and analysis have been featured in FORECK.INFO, CoinGape, CryptoNews, and other leading digital finance publications
