Technical analysis by CHOWTRADE about Symbol SOL: Buy recommendation (8/31/2025)

CHOWTRADE

🔹 SUI Early cycle altcoin showing first signs of exhaustion The SUI chart shows an aggressive rally of over 10x since launch. The price is currently consolidating around the $3.2 to $3.5 area, approaching a strong resistance near $4. The structure resembles a potential double top, which could signal a mid-term risk for long positions. Volume appears to increase during price drops, suggesting potential distribution. Key support zones are located near $2.5, with deeper accumulation areas around $1.6 and $0.9. Potential scenarios: Bullish: Breakout above $4.2 followed by a retest could open room toward $5.5 to $6.5 Bearish: Failure to hold $2.5 could result in a move back to the $1.6 zone for deeper accumulation 🔹 SOL — Back to major resistance with strong network fundamentals SOL has reclaimed key price zones and is now trading above $200, nearing a significant resistance range between $220 and $240. The structure remains bullish with clear higher lows. Network activity and institutional attention are growing, giving SOL strong long-term potential. Potential scenarios: Bullish: Break and close above $240 may initiate a rally toward $320 and beyond Bearish: Rejection from resistance could lead to a healthy correction toward $140 to $160, which would be a strong re-entry zone 📌 Conclusion: SUI presents high volatility and speculative opportunity, ideal for short to mid-term trades. SOL offers more stability and network maturity, with the potential to reclaim all-time highs if momentum holds. 💬 Community question: Which asset do you think reaches new highs first in this cycle?