Technical analysis by CryptoCoinsCoach about Symbol SOL on 11/29/2025

SOL has tapped into a major confluence zone combining Fibonacci supports, structural demand and RSI compression. Price is currently reacting from the 0.618–0.786 golden pocket, forming a potential pivot area where reversals often begin. The descending structure has guided price into a layered support block that has repeatedly acted as a re-accumulation area in previous cycles. The current reaction is still early, but market behaviour suggests that sellers may be losing momentum. Key Technical Notes: • The 0.618, 0.786 and 0.886 retracement levels align perfectly with previous demand • Price is inside a falling wedge, a pattern that often precedes expansion • RSI is forming a descending resistance line, hinting at a potential bullish breakout • The higher-timeframe support remains intact as long as SOL holds above the zone • Liquidity beneath the prior lows has been swept, reducing downside inefficiency Structural View: SOL’s corrective leg is nearing exhaustion. If price maintains structure above the golden pocket and breaks the wedge resistance, the next impulsive wave could begin, targeting mid-range levels first, followed by major resistances. Invalidation: A daily close below 106.40 would invalidate this structure and open deeper retracement scenarios. Simple Explanation: SOL is in a key discount zone. Fibonacci levels, demand and RSI all support the possibility of a reversal. A breakout above the trendline can ignite the next wave. Until then, the zone acts as a crucial turning point