The key level for the bulls remains 100.00 (Murray level [4/8]), a breakout of which would signal a reversal of the long-term trend and strengthen upward momentum toward the targets of 125.00 (Murray level [6/8]) and 137.50 (Murray level [7/8], 50.0% Fibonacci retracement). Nevertheless, if the price breaks below the lower boundary of the sideways range at 75.00 (Murray level [2/8]), which it is currently approaching, sellers may seize the initiative and consolidate near 62.50 (Murray level [1/8]) and 50.00 (Murray level [0/8]).

Technical indicators do not provide a unified signal: Bollinger Bands are turning downward, while the MACD histogram remains in negative territory, allowing for the formation of a new short-term trend. At the same time, Stochastic is moving upward, not ruling out a correction. It is also worth noting that signs of a flag pattern are visible on the weekly chart, confirming the relevance of the bearish scenario in the medium term.

Support and resistance levels

Resistance levels: 100.00, 125.00, 137.50.

Support levels: 75.00, 62.50, 50.00.

SOL/USD chart

Trading scenarios and SOL/USD forecast

Short positions may be opened below the level of 75.00 with targets at 62.50 and 50.00, and a stop-loss at 84.50. Expected implementation period: 5-7 days.

Long positions may be opened above the level of 100.00 with targets at 125.00 and 137.50, and a stop-loss at 91.00.

Scenario

Timeframe Weekly
Recommendation SELL STOP
Entry Point 74.20
Take Profit 62.50, 50.00
Stop Loss 84.50
Key Levels 50.00, 62.50, 75.00, 100.00, 125.00, 137.50

Alternative Scenario

Recommendation BUY STOP
Entry Point 100.00
Take Profit 125.00, 137.50
Stop Loss 91.00
Key Levels 50.00, 62.50, 75.00, 100.00, 125.00, 137.50