Technical analysis by amir9 about Symbol SOL: Sell recommendation (8/28/2025)

Price is currently trading around $214, right below a strong resistance zone near $230–$235. In the past, this level acted as supply, pushing the price down. The chart shows a short setup with a stop loss above resistance and a target around $130, which is the next strong support area. In simple terms: If the price fails to break above $230, it could drop towards $130. If it breaks and closes strongly above $230, the bearish setup becomes invalid, and the next resistance is around $263. This setup is based on the idea that price is retesting an important resistance after a big rally.