🚨Urgent $SOL Technical Analysis – Downtrend Intensifies 📊🚨🔥

📊Oscillators: Oversold Territory👇🏻

Solana’s daily RSI (~27) is in deeply oversold territory, and MACD remains firmly negative. This reflects strong bearish momentum. Recent trading has seen large red candlesticks with surging volume, suggesting capitulation in the near term.

📊EMAs & Ichimoku: Bearish Alignment👇🏻

SOL trades well below its key moving averages. The 20/50/200-day EMAs lie far above the current price, and the short-term EMA20 recently crossed below EMA50 (a bearish death cross). In Ichimoku terms, price is under the cloud with Tenkan/Kijun lines above price. This confirms all major trend signals point down.

📊Price Action & Fibonacci Zones👇🏻

SOL recently plunged into the 0.786 Fibonacci retracement zone (~$69–70) of its recent rally, a classic deep-support band. Binance data show heavy liquidation clustered near $75 on the downside, making that a key short-term floor. Volume profile analysis also pins a high-volume node around ~$96–100, reflecting significant past demand in that range.

📊Key Support & Resistance👇🏻

Crucial support sits near $75 (the last swing low) ; one analysis targets roughly $70 (the 78.6% fib) as the next key floor. Below that, a break toward the mid-$60s (around $66) to $60 is possible. Ultimately a deeper slide could bring SOL into the $50–$55 region (around $53).

A confirmed weekly head-and-shoulders top reinforces the bearish bias. Only reclaiming resistance near prior EMAs/cloud (~$105–$115) would shift this outlook. #USNFPBlowout #USRetailSalesMissForecast #Write2Earn #SOLTechnicalAnalysis

SOL

86.59

-1.64%