Technical analysis by BeInCrypto about Symbol SOL: Sell recommendation (10/28/2025)

SOLUSDT price is struggling to hold ground despite growing ETF excitement. The token has dropped 2.2% in the past 24 hours, with traders watching key support at $188 — a level that could trigger a wave of long liquidations worth roughly $548 million if broken. The daily SOLUSDT chart shows a rising broadening wedge, a bearish structure that reflects expanding volatility. Price has repeatedly failed to hold above $201, confirming fading momentum. At the same time, RSI has made higher highs while price made lower highs, forming a hidden bearish divergence — often a sign of weakening strength before a decline. If SOLUSDT closes below $179, it could fall toward $168 or even $155. A breakout above $235 would invalidate this bearish setup. On-chain data adds pressure, with long-term holders reducing positions and leverage longs now above 80%, increasing the risk of a long squeeze.