The SOL/USD pair continues to trade within a long-term uptrend channel. Last week, the price tested its upper boundary after the Fed’s interest rate cut and the launch of a Ripple ETF, climbing toward 250.00 (Murray level [8/8]). However, the bulls failed to hold the level, and a downward correction followed. At present, the pair is approaching 203.12 (Murray level [5/8], 61.8% Fibonacci retracement). A breakout below this level could extend the decline toward 183.80 (50.0% Fibonacci retracement) and 171.88 (Murray level [3/8]). For buyers, the key threshold lies at the middle Bollinger Band around 227.50; a move above it would reopen the path toward 250.00 and 265.62 (Murray level [+1/8]).
Technical indicators remain mixed: Bollinger Bands are turning upward, MACD is preparing to enter the negative zone, while Stochastic may soon exit oversold territory.
On the weekly chart, the long-term uptrend remains intact, limiting the correction potential to around 183.80 (midline of the Bollinger Bands, W1).
Support and Resistance Levels
Resistance: 227.50, 250.00, 265.62.
Support: 203.12, 183.80, 171.88.
Trading Scenarios and Forecast for Solana (SOL/USD)
Short positions can be considered below 203.12 with targets at 183.80 and 171.88, stop-loss at 216.80. Timeframe: 5–7 days.
Long positions are relevant above 227.50 with targets at 250.00 and 265.62, stop-loss at 212.00.
Scenario
| Timeframe |
Weekly |
| Recommendation |
SELL |
| Entry Point |
202.74 |
| Take Profit |
183.80, 171.88 |
| Stop Loss |
216.80 |
| Key Levels |
171.88, 183.80, 203.12, 227.50, 250.00, 265.62 |
Alternative Scenario
| Recommendation |
BUY STOP |
| Entry Point |
227.55 |
| Take Profit |
250.00, 265.62 |
| Stop Loss |
212.00 |
| Key Levels |
171.88, 183.80, 203.12, 227.50, 250.00, 265.62 |
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
