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SOLUSDT
Long Entry 196.7600 2025-09-26 08:15 UTC
Target 239.0000 Fail 172.0000
Risk/Reward 1 : 2
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SOLUSDT
Pending
Cryptocurrency
Technical
1H
Analysis Predict Bull Market
The analysis discusses Solana's recent price crash of approximately 25% following a swing high around September 18th at the 100% extension level. The analyst notes that such declines are not uncommon in crypto bull markets, referencing similar drops from May and July. The daily RSI is at 35, indicating oversold conditions. The 4-hour RSI has dropped to 16, significantly oversold, suggesting a potential relief rally. The current price is within a support area, around the trend line, that may be broken. Next support, if the trend line is broken, is at the 61.8% retracement around $188. Breaking $173 is a concern for bulls. The analyst anticipates a corrective bounce towards $213-$239. The structure of the subsequent move will determine whether a larger correction is underway or if the market will break to new highs.
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