Technical analysis by MeTraderTr about Symbol SOL on 10/22/2025

A descending triangle structure has formed in Solana over a wide period of time. This structure generally has the potential to continue in the trend direction with a narrowing price movement. A rising channel structure has now formed within the triangle. The price took red from the $197.72 CHoCH (Change of Character) level, located in the upper band of this channel, and started to retreat. This level is critical for us because it coincides with the falling trend line of the triangle. If the price can sustain above $197.72 and the CHoCH structure is active; Upstream targets are as follows: •$211.29 (Demand Level) •$229.64 (Order Block) •It will be $237.71 (Minor Resistance). However, if the price sags below the channel and fails to break the CHoCH zone, the downtrend will become stronger again. In this case, the target would be $172.83 (triangle base) and alt liquidity areas. 📍Critical Regions: •CHoCH: $197.72 •Demand Level: $211.29 •OB Zone: $229.64 •Minor Resistance: $237.71 •Triangle Base: $172.83 #MeTrader #SOLUSD #Solana #CryptoAnalysis #TechnicalAnalysis #PriceAction #SmartMoneyConcepts #CHoCH #DemandZone #OrderBlock #TrianglePattern #Breakout #Resistance #Support #MeTraderAnalysis #TradingView #CryptoMarket #TradeSetup #CryptoTrading