Technical indicators suggest further downside potential: Bollinger Bands and Stochastic are directed downward. On the weekly chart, the pair is testing the middle Bollinger Band line; a breakout below it would confirm the start of a deeper correction.

Support and Resistance Levels

Resistance levels: 218.75, 250.00, 265.62.

Support levels: 183.80, 165.70, 140.62.

SOL/USD chart

Trading Scenarios and SOL/USD Forecast

Short positions can be opened below 183.80 with targets at 165.70 and 140.62, and a stop-loss at 197.00. Implementation period: 5–7 days.

Long positions may be opened above 218.75 with targets at 250.00 and 265.62, and a stop-loss at 200.00.

Scenario

Timeframe Weekly
Recommendation SELL STOP
Entry Point 183.75
Take Profit 165.70, 140.62
Stop Loss 197.00
Key Levels 140.62, 165.70, 183.80, 218.75, 250.00, 265.62

Alternative Scenario

Recommendation BUY STOP
Entry Point 218.80
Take Profit 250.00, 265.62
Stop Loss 200.00
Key Levels 140.62, 165.70, 183.80, 218.75, 250.00, 265.62