SOL/USD: Reside bears control
Last week I emphasized the possibility of a ‘doll’ to the advantage of SOL/USD (Solana versus the US Dollar). I will not go into detail here, but it is sufficient to say that trade was supported by daily support of US $ 163.90; I felt that, although a clearly downward bias is involved, the lows around US $ 174.30ish would offer sufficient liquidity (sells under the lows) to strengthen a short -termrebound of daily support. In combination with a completed Conversely, head and shoulder pattern on the H1 period frame, this was a ‘no-brainer’ technical long chance for the profit objective of the pattern at US $ 179.90.
As you can see, the aforementioned trade played as expected, and Bears resumed control at the end of last week. Has been down since 2025, an interruption of current daily support can now be on the radar. Undoubtedly, buyers of the question can go into US $ 147.27-US $ 158.53, just below, but because the area was already welcoming buyers in November 2024, it can be vulnerable. Were the price to navigate under this basis, I see limited ‘active’ support to between US $ 117.04 and US $ 120.26.
As a result of the above analysis, my prospects for SOL/USD Bearish is. H1 resistance on 172.93 can therefore be a location to closely follow at the start of the week for a possible sales scenario.