SOL Technical Outlook: Solana Consolidates at Major Demand After Prolonged Downtrend

Solana remains under bearish pressure after a strong rejection from the $225–$253 macro supply zone, where price topped near the 0.786–1.0 Fibonacci levels. This area marked a clear distribution phase, triggering a sustained downside move.

The sell-off accelerated once SOL lost the $201–$185 region (0.618–0.5 Fib), confirming a structural breakdown and shifting this key zone into heavy resistance.

EMA Structure (Bearish Alignment)

20 EMA – $126.52

50 EMA – $137.57

100 EMA – $153.29

200 EMA – $164.26

Price is trading below all major EMAs, with the 20/50/100/200 EMA stack sloping downward. This confirms a firm bearish trend, where any relief rallies are likely to face selling pressure.

Fibonacci & Market Structure

1 Fib: $253.47

0.786 Fib: $224.22

0.618 Fib: $201.25

0.5 Fib: $185.12

0.382 Fib: $168.99

0.236 Fib: $149.03

Fib 0: $116.77

SOL is currently consolidating just above the $124–$127 demand zone, sitting near the Fib 0 support at $116.77. This zone has historically acted as strong demand, and current price action suggests selling pressure is weakening, increasing the probability of a short-term base or relief bounce.

RSI Momentum

RSI is around 43, indicating weak but stabilizing momentum. This aligns with a consolidation phase rather than aggressive selling.

📊 Key Levels

Resistance

$137.6 (50 EMA)

$149.0 (0.236 Fib)

$169.0 (0.382 Fib)

$185.1 (0.5 Fib)

$201.3 (0.618 Fib)

Support

$124–$127 (major demand zone)

$116.8 (Fib 0 / critical support)

$112.5 (extended downside support)

📌 Summary

SOL is consolidating above a major long-term demand zone following a sharp multi-month decline. While selling pressure has eased and a short-term bounce is possible, the broader structure remains bearish unless SOL can reclaim the $169–$185 resistance region with strength. A breakdown below $116.8 would expose SOL to further downside risk.

$SOL
#2025GateYearEndSummary