The SOL/USD pair continues to move within a long-term upward trend, forming a rising channel. However, since the beginning of the month, growth has slowed, and the price has entered a sideways range between 234.38 and 218.75 (Murray levels [7/8]–[6/8]), unable to break out so far. A consolidation above the upper boundary of this range could open the way for further gains toward 250.00 (Murray level [8/8]), 265.62 (Murray level [+1/8], upper boundary of the ascending channel), and 281.25 (Murray level [+2/8]). Conversely, a decline below the middle Bollinger Band at 218.75 (Murray level [6/8]) could resume the correction toward 183.80 (50.0% Fibonacci retracement), signaling a potential range breakdown.
Technical indicators provide mixed signals: Bollinger Bands are horizontal, the MACD histogram has moved into positive territory, and the Stochastic oscillator has turned downward from the overbought zone, while the weekly chart still confirms the broader bullish structure.
Support and Resistance Levels
Resistance levels: 234.38, 250.00, 265.62, 281.25.
Support levels: 218.75, 183.80.
Trading Scenarios and Solana Price Forecast
Long positions may be opened above 234.38 with targets at 250.00, 265.62, and 281.25, and a stop-loss at 223.00. Implementation period: 5–7 days.
Short positions may be opened below 218.75 with a target at 183.80 and a stop-loss at 237.00.
Scenario
| Timeframe |
Weekly |
| Recommendation |
BUY STOP |
| Entry Point |
235.20 |
| Take Profit |
250.00, 265.62, 281.25 |
| Stop Loss |
223.00 |
| Key Levels |
183.80, 218.75, 234.38, 250.00, 265.62, 281.25 |
Alternative Scenario
| Recommendation |
SELL STOP |
| Entry Point |
217.00 |
| Take Profit |
183.80 |
| Stop Loss |
237.00 |
| Key Levels |
183.80, 218.75, 234.38, 250.00, 265.62, 281.25 |
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
