Technical analysis by SOAM_PRO_TRADER about Symbol SOL: Sell recommendation (8/24/2025)

SOL/USDT – 8H Technical Analysis ▪️ Market Structure The overall trend remains bullish, as the chart shows a series of Higher Highs (HH) and Higher Lows (HL). Recently, the price reached the resistance zone around $209 - $212, marking a potential exhaustion of bullish momentum and setting the stage for a possible retracement. ▪️ Resistance Zone The price is currently testing a strong resistance area $209 - $212, which previously acted as a barrier. Sellers are expected to defend this level. Failure to break above this resistance could lead to a pullback. ▪️ Demand Zone The first potential retracement target lies in the $181 - $186 demand zone. This area represents previous accumulation and may attract new buyers if the pullback occurs. ▪️ Support Level / Target Area If the selling pressure intensifies, the next major support zone is between $172 - $176, which serves as a strong base for price and could act as a secondary target for bears. ▪️ Short-Term Bias Currently, the short-term bias is bearish within a broader bullish trend. A pullback toward the demand zone is likely as long as price remains below $212. A break and close above $212 would invalidate this scenario and confirm further bullish continuation. If this helpful for you, press the like button.