Technical indicators still point to a bearish trend: Bollinger Bands are directed downward, the MACD histogram remains stable in the negative zone, and the Stochastic is approaching the overbought area, suggesting a possible downward reversal. It is also worth noting that the weekly chart shows signs of a potential “double top” formation, which supports the likelihood of a decline toward 93.75 (Murray level [3/8], W1).

Support and Resistance Levels

Resistance levels: 165.70, 200.00, 250.00.

Support levels: 125.00, 100.00, 75.00.

SOL/USD chart

SOL/USD Trading Scenarios and Forecast

Short positions may be opened below 125.00 with targets at 100.00 and 75.00, and a stop-loss at 142.90. Estimated duration: 5–7 days.

Long positions may be opened above 165.70 with targets at 200.00 and 250.00, and a stop-loss at 145.00.

Scenario

Timeframe Weekly
Recommendation SELL STOP
Entry Point 123.80
Take Profit 100.00, 75.00
Stop Loss 142.90
Key Levels 75.00, 100.00, 125.00, 165.70, 200.00, 250.00

Alternative Scenario

Recommendation BUY STOP
Entry Point 166.00
Take Profit 200.00, 250.00
Stop Loss 145.00
Key Levels 75.00, 100.00, 125.00, 165.70, 200.00, 250.00