Technical analysis by isahebdadi about Symbol SOL: Buy recommendation (10/4/2025)

Analysis of SOL/USDT on the daily chart: 🔎 Technical Overview Current Trend: Solana has rallied strongly from around $120 to $240 but is now facing heavy resistance at the long-term descending trendline (blue line). Price is currently correcting. 50-Day SMA: Located around $142, acting as a key support zone. Key Resistance: $260–265 (descending trendline + horizontal resistance). Key Support: $210–212 (horizontal support + close to SMA50 area). 📉 Short-Term Outlook (1–3 weeks) Bearish case: If price loses $212, a drop toward $185–190 is likely. Stop Loss: Below $210. Bullish case / Short-term target: If price stabilizes above $240, next upside target is $260 (retest of trendline). 📈 Long-Term Outlook (3–6 months) Bullish breakout scenario: A strong breakout above $265 would confirm a trend reversal, opening room for a larger rally. Long-term targets: First target: $300 Second target: $350 Stop Loss (long-term): Below $185 (falling back into the previous bearish channel). ✅ Summary: Short-term: Risk of correction remains; $210 support is crucial. Long-term: A confirmed breakout above $265 could trigger a new bullish phase with potential toward $300–350.