Technical analysis by milad-bit24 about Symbol SOL on 10/27/2025

After a sharp drop around October 9th-11th, there has been recovery and consolidation. Support Defense: The Demand Zone ($173 - $177) has been successfully defended three times, indicated by green circles, confirming its significance. Current Action: SOL has broken out of its consolidation range and is testing initial resistance. Support Levels $197.62 - Critical for maintaining the breakout and indicating further upward movement. $190.60 - Strong secondary support; below $197.62, this level will be tested. $173.00 - $177.00 - Essential area to hold for long-term recovery. Resistance Levels $205.13 - A close above this level is needed to confirm momentum towards major targets. SOL/USDT is in a strong position after breaking out of consolidation. Bullish: Holding above $197.62 and breaking $205.13 could lead to targets of $210.11 and $217.79. Bearish: Falling below $197.62 and $190.60 would indicate a return to consolidation, with the trend at risk if it drops below the $173 - $177 Demand Zone.