Technical indicators confirm the likelihood of further downside movement: Bollinger Bands are directed downward, MACD remains in the negative zone, and Stochastic has turned flat after a period of growth.
On the weekly chart, the price is attempting to break below the middle Bollinger Band, which, if successful, would confirm the prospects of a deeper price correction.
Support and Resistance Levels
Resistance levels: 203.12, 234.38, 250.00, 265.62.
Support levels: 183.80, 165.70, 140.62.
Trading Scenarios and SOL/USD Forecast
Short positions may 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 203.12 with targets at 234.38, 250.00, and 265.62, and a stop-loss at 187.00.
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, 203.12, 234.38, 250.00, 265.62 |
Alternative Scenario
| Recommendation | BUY STOP |
| Entry Point | 203.15 |
| Take Profit | 234.38, 250.00, 265.62 |
| Stop Loss | 187.00 |
| Key Levels | 140.62, 165.70, 183.80, 203.12, 234.38, 250.00, 265.62 |