Technical analysis by keyvankho about Symbol SOL: Sell recommendation (9/25/2025)

OL/USDT has completed a 5-wave push into the $253 top and is now unfolding a corrective A-B-C move. Price is breaking below the $200 psychological level, with liquidity resting at $197–194. If this zone fails, Fibonacci projections point toward $186–184 and even $174–160 for full C-wave completion. Any bounce into $205–210 or $215–220 should be viewed as a bearish retest and potential short entry unless structure is reclaimed. For bulls, the first real opportunity comes only if a hammer/engulfing candle with RSI/MACD divergence forms at $194–186, or on a deeper flush into $174–160. A clean break and hold above $220 would be the first sign of bullish reversal. Until then, bias remains short into lower supports. Tags: #SOL #Solana #Crypto #ElliottWave #TechnicalAnalysis #Altcoins #SwingTrade #Bearish #ABCMove #TradingViewUpdate – Sep 30, 2025 Price has now broken down from the rising wedge and retested the broken trendline near $209–210. Short-term momentum remains bearish with QQE, RSI, and MACD all aligned to the downside. Immediate support sits at $206–207, but if this level fails, the original $194–186 Wave-C target zone comes back into focus. For now, upside is capped by resistance at $212–214 (supply zone + broken structure). Any bounce into this region is still viewed as corrective unless bulls reclaim and hold above $214 with volume. As long as that doesn’t happen, the short bias from the original post remains valid, with next major demand expected around $194–186.Update: The short bias toward $194–186 is now invalidated. Price has broken out strongly above the $223–225 resistance with volume confirmation and bullish momentum across indicators. As such, the short position is considered closed here around $225–227. I will reassess the structure for potential long continuation setups if SOL maintains support above $223, with upside targets toward $230–235 and beyond.