At the moment, the price is attempting to consolidate below 156.25 (Murray level [2/8]). If this move holds, the decline may continue toward the targets at 125.00 (Murray level [0/8]) and 109.38 (Murray level [–1/8]). The key resistance area for the bulls remains 187.50–183.80 (Murray level [4/8], 50.0% Fibonacci correction), located above the middle line of the Bollinger Bands. A breakout above this zone would open the path for a trend reversal, allowing the price to exit the descending channel through its upper boundary and potentially move toward 218.75 (Murray level [6/8]) and 250.00 (Murray level [8/8]). However, this scenario currently looks less likely.
Technical indicators support the probability of further downside: the Bollinger Bands and Stochastic are both pointing lower, while MACD remains stable in negative territory.
It is also worth noting that the weekly chart for SOL/USD shows signs of forming a “double top” pattern, which indicates potential downside toward 93.75 (Murray level [3/8], W1).
Support and Resistance Levels
Resistance levels: 187.50, 218.75, 250.00.
Support levels: 156.25, 125.00, 109.38.
Trading Scenarios and SOL/USD Forecast
Short positions may be opened below 156.25 with targets at 125.00 and 109.38, and a stop-loss at 167.00. Implementation period: 5–7 days.
Long positions may be opened above 187.50 with targets at 218.75 and 250.00, and a stop-loss at 168.00.
Scenario
| Timeframe | Weekly |
| Recommendation | SELL STOP |
| Entry Point | 153.00 |
| Take Profit | 125.00, 109.38 |
| Stop Loss | 167.00 |
| Key Levels | 109.38, 125.00, 156.25, 187.50, 218.75, 250.00 |
Alternative Scenario
| Recommendation | BUY STOP |
| Entry Point | 189.60 |
| Take Profit | 218.75, 250.00 |
| Stop Loss | 168.00 |
| Key Levels | 109.38, 125.00, 156.25, 187.50, 218.75, 250.00 |