Technical analysis by ManiMarkets about Symbol SOL: Sell recommendation (11/13/2025)

📉 SOLUSD: Battling Bearish Trend Below Key Zone – 146-148 Support in Focus! Timeframe: 4-Hour Chart Introduction: Solana (SOLUSD) on the 4-hour chart continues to reflect a prevailing bearish sentiment, currently trading around $153.97. The price is caught in a persistent downtrend, repeatedly failing to establish a sustained recovery above critical resistance levels. Current Price Action & Trend Analysis: Solana has been under significant selling pressure since its peak in late October, establishing a clear downtrend visible through a series of lower highs and lower lows. A prominent red descending trendline has consistently acted as dynamic resistance, rejecting multiple attempts by bulls to push higher. Most recently, SOLUSD attempted a recovery, reaching towards the 160 to 165 'Key Zone', but faced strong rejection from both this zone and the descending trendline around November 10th-11th. This rejection pushed the price back down, and it is currently consolidating below this 160-165 'Key Zone', which now functions as immediate overhead resistance. The price is now trading precariously above the 146 to 148 support area. This range has seen some bounces, indicating a potential short-term floor, but the overall context of the descending trendline and the inability to reclaim the 160-165 'Key Zone' suggests that bearish pressure remains dominant. Key Resistance Levels: Descending Red Trendline: This dynamic trendline is the most immediate and significant barrier. A breakout above this would be crucial for any shift in momentum. 160 to 165 Key Zone: This area has proven to be a strong resistance after previously acting as support. A decisive reclaim of this zone is essential for bulls. 175 Previous Support: What was once a support level now stands as a more formidable resistance, lying above the current trading range and requiring significant bullish strength to overcome. 190 to 195 Key Resistance: This zone represents the origin of the current major downtrend and remains a very strong long-term resistance. Key Support Levels: 146 to 148: This grey band is the immediate support zone currently being tested. A breakdown below this level would confirm further bearish continuation. 135: Should the 146-148 support fail, the 135 level is identified as the next significant downside target. This represents a critical psychological and technical support, vital for preventing a deeper sell-off. Bullish Scenario: For SOLUSD to show any meaningful bullish reversal, it must first break decisively above the descending red trendline and concurrently reclaim the 160 to 165 'Key Zone' with conviction and increased volume. A sustained move above this combination would open the path to challenge the 175 'Previous Support' (now resistance). Bearish Scenario: The current technical structure heavily favors continued bearishness. Failure to reclaim the 160 to 165 'Key Zone' and continued rejection from the descending trendline will likely lead to a decisive breakdown below the 146 to 148 support area. A breach of this immediate support would accelerate selling pressure, targeting the 135 level as the next major downside objective. Conclusion: Solana is at a critical juncture, struggling within a clear downtrend and facing strong overhead resistance. The immediate battle is centered on the 160-165 'Key Zone' acting as a ceiling and the 146-148 area providing temporary support. Traders should closely watch these levels; a decisive break in either direction will likely dictate Solana's short-term trajectory. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.