Technical analysis by CryptoAnalystSignal about Symbol SOL: Sell recommendation (1/6/2026)

CryptoAnalystSignal
#SOL/USDT may continue its trend after correction

#SOL The price is moving in a descending channel on the 1-hour timeframe. It has reached the upper limit and is heading towards breaking it. A retest of the upper limit is expected. We have an upward trend on the RSI indicator, which has reached near the upper limit. A downward reversal is expected. There is a key support zone in green at 139.70. The price has bounced from this zone multiple times and is expected to bounce again. We have a trend of consolidation above the 100-period moving average, as we are moving close to it. This supports a downward move towards touching this level. Entry price: 137.70 First target: 136.15 Second target: 135.09 Third target: 133.66 Stop loss above the resistance zone in green. Don't forget a simple thing: money management. For inquiries, please leave a comment. Thank you.