Technical indicators support the likelihood of continued downside movement: the Bollinger Bands are sloping downward, and the Stochastic oscillator is pointing upward, allowing for a possible short-term correction, though its potential seems limited. At the same time, the MACD remains stable in negative territory.

The weekly chart also shows the formation of a potential “double top” pattern, which reinforces the downside outlook toward 93.75 (Murray level [3/8], W1).

Support and Resistance Levels

Resistance levels: 165.70, 203.12, 234.38, 250.00.

Support levels: 140.62, 109.38, 93.75.

SOL/USD chart

Trading Scenarios and SOL/USD Forecast

Short positions may be considered below 140.62 or on a reversal near 165.70, targeting 109.38 and 93.75, with stop-losses at 160.40 and 184.00, respectively. Estimated duration: 5–7 days.

Scenario

Timeframe Weekly
Recommendation SELL STOP
Entry Point 139.40
Take Profit 109.38, 93.75
Stop Loss 160.40
Key Levels 93.75, 109.38, 140.62, 165.70, 203.12, 234.38, 250.00

Alternative Scenario

Recommendation SELL LIMIT
Entry Point 165.70
Take Profit 109.38, 93.75
Stop Loss 184.00
Key Levels 93.75, 109.38, 140.62, 165.70, 203.12, 234.38, 250.00