Technical analysis by am.rajabi about Symbol SOL on 9/2/2025

On the 1H chart, Solana is ranging between key support and resistance levels (marked in purple, derived from higher timeframe Ichimoku levels). 🔹Resistance Levels 207.91 (Weekly):** A major resistance zone. A breakout above could open the path toward 210. 206.51 – 205.96 (Daily/Hourly):** Strong resistance cluster that has repeatedly rejected bullish attempts. 204.50 – 204.00 (Weekly/Hourly):** First short-term barrier for buyers. 202.97 (Hourly):** Mid-level resistance, crucial for momentum continuation. 🔹Support Levels** 199.50 (Hourly):** Immediate support, currently being tested. Losing this level may trigger further selling. 197.32 (Hourly):** Next short-term support, likely to be retested. 195.50 (Weekly):** Key medium-term support. A breakdown here could extend the correction toward 192 and lower. 🔹Ichimoku Insights** Price is trading **below Tenkan-sen (blue)** → showing short-term bearish pressure. Kijun-sen (red)** around 200–201 acts as a dynamic resistance. Kumo Cloud** ahead is thin and flat, signaling indecision. A breakout above 202 would bring price inside a bullish Kumo structure. Chikou Span (orange)** is still below price, not confirming a bullish reversal yet. --- ## 📊 Conclusion * **Bullish Scenario:** A confirmed breakout above **202.97** could target **204.5 → 206.5**. * **Bearish Scenario:** Breaking below **197.3** opens the way to **195.5 → 192**. 👉 The **197–202 zone** remains the key battleground. A breakout on either side will likely define Solana’s next move. 🚀