Technical analysis by AndeWave about Symbol SOL: Sell recommendation (12/24/2025)

SOL is falling. Downward trend. A cascade of resistance is forming. At the moment, the price is testing the 121 level from D1. I expect a pullback due to a local change in the imbalance of forces after a false breakout of support and a subsequent fall from the 123-124 zone to 116. Any upward pullback is accompanied by a weak surge in volume, which immediately fades away. There are no buyers in the market. Scenario: There are two important zones to which the market may react: - A retest of 123.0 and a false breakout could lead to a decline. - A close below 121.0 could also lead to a decline