DAILY SIGNAL — SOL/USDT
Date: 20 Oct 2026
Chart Time: 00:28 UTC+8
Timeframe: 1m
Intraday Bias: Bearish channel → Resistance rejection → Potential downside continuation
📊 Market Bias
SOL is trading around 104.68 USDT, recovering from a recent decline but still facing overhead resistance.
Price rebounded from the lower region near 103.55–103.75 and rallied toward the purple resistance zone around 104.79–105.00. The latest rejection from the upper boundary suggests sellers are still active near this area.
The broader chart shows a descending channel. Although price has recovered from the local low, a sustained breakout above resistance and the descending trendline is needed to strengthen the bullish outlook.
🔹 Key Levels From Chart
Current Price: 104.68
Resistance Zone: 104.79–105.00
Descending Trendline: Near 105.00, depending on the next candles
Immediate Support: 104.61–104.43
Lower Support Levels: 104.26–104.08
Major Downside Target: 103.55
🎯 Fibonacci Levels
Potential downside levels:
TP1 → 104.43 (1.0 Fib)
TP2 → 104.26 (1.5 Fib)
TP3 → 104.08 (2.0 Fib)
TP4 → 103.90 (2.5 Fib)
TP5 → 103.73 (3.0 Fib)
TP6 → 103.55 (3.5 Fib)
These are chart-based reference levels, not guaranteed price targets.
📈 Technical Breakdown
Price action: SOL recovered from the lower part of the descending channel but remains below the 104.79–105.00 resistance zone.
Bearish scenario: If price fails to reclaim 104.79–105.00 and loses 104.43, the lower Fibonacci levels could come back into focus.
Bullish scenario: A sustained move above 105.00 and the descending trendline would weaken the bearish structure and could open the way for a broader recovery.
🧠 Quick Insight
“Recovery creates an opportunity to observe. Resistance determines whether momentum can continue.”
⚠️ Disclaimer
This is educational chart analysis, not financial advice or a guaranteed trading signal. Always DYOR / DYODD, manage risk carefully, and avoid emotional trading.
— @nayrbryanGaming
#SOL #SOLUSDT #Crypto #Trading #TechnicalAnalysis #PriceAction #Fibonacci
Date: 20 Oct 2026
Chart Time: 00:28 UTC+8
Timeframe: 1m
Intraday Bias: Bearish channel → Resistance rejection → Potential downside continuation
📊 Market Bias
SOL is trading around 104.68 USDT, recovering from a recent decline but still facing overhead resistance.
Price rebounded from the lower region near 103.55–103.75 and rallied toward the purple resistance zone around 104.79–105.00. The latest rejection from the upper boundary suggests sellers are still active near this area.
The broader chart shows a descending channel. Although price has recovered from the local low, a sustained breakout above resistance and the descending trendline is needed to strengthen the bullish outlook.
🔹 Key Levels From Chart
Current Price: 104.68
Resistance Zone: 104.79–105.00
Descending Trendline: Near 105.00, depending on the next candles
Immediate Support: 104.61–104.43
Lower Support Levels: 104.26–104.08
Major Downside Target: 103.55
🎯 Fibonacci Levels
Potential downside levels:
TP1 → 104.43 (1.0 Fib)
TP2 → 104.26 (1.5 Fib)
TP3 → 104.08 (2.0 Fib)
TP4 → 103.90 (2.5 Fib)
TP5 → 103.73 (3.0 Fib)
TP6 → 103.55 (3.5 Fib)
These are chart-based reference levels, not guaranteed price targets.
📈 Technical Breakdown
Price action: SOL recovered from the lower part of the descending channel but remains below the 104.79–105.00 resistance zone.
Bearish scenario: If price fails to reclaim 104.79–105.00 and loses 104.43, the lower Fibonacci levels could come back into focus.
Bullish scenario: A sustained move above 105.00 and the descending trendline would weaken the bearish structure and could open the way for a broader recovery.
🧠 Quick Insight
“Recovery creates an opportunity to observe. Resistance determines whether momentum can continue.”
⚠️ Disclaimer
This is educational chart analysis, not financial advice or a guaranteed trading signal. Always DYOR / DYODD, manage risk carefully, and avoid emotional trading.
— @nayrbryanGaming
#SOL #SOLUSDT #Crypto #Trading #TechnicalAnalysis #PriceAction #Fibonacci