Technical analysis by ydnldn about Symbol SOL: Sell recommendation (1/8/2026)

Asset Pair: SOL/USDT (Solana) on the Binance Perpetual Futures instrument. Timeframe: 1D (Daily), showing price movement from late 2025 to early January 2026. Current Price Condition: The price is around 134.10 USDT. It appears the price has just touched the resistance zone (orange box) around 139.27 and experienced rejection. Technical Analysis: Supply Zone (Orange): The area between 139 and 145 is a fairly strong selling zone, where the price has often held up in the past. This indicates expectations of a price decline after failing to break through the upper resistance. Sentiment: The short-term trend appears to be testing the strength of sellers in the upper area. If the price fails to hold above 134, there is potential for a move towards the psychological level of 120 or the lower target of 113.