Technical analysis by dramos31 about Symbol SOL on 9/1/2025

Solana (SOL/USDT) – Daily Chart Analysis SOL attempted a breakout above the key $205 resistance zone but failed to hold above it, showing signs of a bull trap or false breakout. 🔍 Technical Highlights: RSI is showing bearish divergence (price made a higher high, RSI did not) and is now hovering near the neutral 50 level — suggesting momentum is fading. MACD is crossing below the signal line, though still above zero. This points to weakening bullish momentum, not yet full bearish confirmation. Stochastic RSI is curling downward around the midpoint, hinting at a potential short-term pullback. Volume has decreased on the recent move up — lack of conviction from buyers. Key Support to Watch: $185 zone, which lines up with the 50 EMA — strong potential for support or consolidation. Bearish Scenario: A breakdown below $185 could open the door for a deeper retracement toward $170–$172, which is near the 200 EMA. Bullish Invalidation: A strong reclaim and close above $205 with rising volume would invalidate the short-term bearish setup and may signal continuation toward $219+.