Technical analysis by xfzzhs2tbj about Symbol SOL on 8/14/2025

Solana is pressing against the top of its rising channel and is now within striking distance of the Golden Fib Zone ($210–$240). This is a critical area that could decide whether SOL charges toward its All-Time High (ATH) or pauses for a healthy pullback. A confirmed daily candle break and close above the channel and into the Fib Zone would be a strong bullish signal — but historical behavior suggests that the first touch of the Fib Zone often triggers a rejection before the next leg higher. 📈 Primary Bullish Scenario SOL breaks above the upper channel trendline and closes inside the Golden Fib Zone. Price faces initial rejection near the bottom of the Fib Zone (~$210–$215) as short-term traders take profit. This pullback finds support at the Premium/Supply Zone floor (~$200–$205), which aligns with a key structure level. After resetting momentum indicators (RSI & MACD), price launches into a second leg toward the ATH (~$260–$270). ✅ Buy Zone on Retest: $200–$205 after rejection from $210–$215. 🎯 Take Profit Targets: TP1: $240 (upper Fib Zone) TP2: $260–$270 (ATH retest) 📉 Bearish Scenario If SOL fails to hold $200 after the rejection and closes back below the channel breakout point, momentum shifts back to the bears. This could trigger a drop toward the Equilibrium Zone near $165 (200 EMA support). Technical Notes Golden Fib Zone: $210–$240 — major resistance cluster and potential final hurdle before ATH. MACD: Positive momentum but nearing a possible signal-line crossover if pullback extends. RSI: Sitting in the low 70s — still bullish, but in the zone where corrections are common before continuation. Trend Channel: Clean breakout would signal strong upside continuation if sustained. Final Thoughts The next daily close will be key. A strong break into the Golden Fib Zone, followed by a controlled pullback to the $200–$205 range, could set up one of the best swing trades of the quarter, with clear upside into the ATH range. Patience on entry will be critical — buying after the rejection and retest could offer the best risk/reward.