Technical analysis by Intuit about Symbol SOL: Sell recommendation (11/3/2025)

SOL is breaking down from this multi-year trendline which has 4 solid touch points. It's difficult to say how low it will go, worst case is probably around $20, but there are definitely other paths it could take as well. Without forecasting the exact future price, I will say that probabilities are favoring a continuation of the downtrend which began in January after Trump launched his memecoin on Solana. After we see how fast and far this drops, we can probably get a better idea of what is developing here. Right now, it looks like wave-B ended in January, and we are in a very large wave-C now, but there are some other possibilities as well. The wave-B possibility is closest to the middle so that's the one I am favoring now.