SOL Technical Update - Oct 8/9 2026
Current: *$106.75 (-8.48% today)* - Intraday low $105.71
The market broke down hard:
- Lost the $114-117 channel we were holding. 4H chart is now bearish, daily just broke the 50-day EMA at $107.42
- RSI on 4H is 19.8 - extreme oversold, so a relief bounce is likely
- MACD bearish crossover, momentum with sellers.
Support: S1 $107.26 (broken), S2 $102.08, Strong support $95.82 / 200-day EMA $96.65
Resistance: $110.95, $117.16, $121.63
$104-105 area is loaded with liquidations below. Above $123-125 is where shorts will get squeezed. Expect a wick down to $102 before bounce.
- Need a daily close back above $107.42 to invalidate bearish breakdown
- Scalp bounce zone $105-$106 to $111, SL below $103
- Long term accumulation: $100-$95 zone is where smart money is waiting.
Current: *$106.75 (-8.48% today)* - Intraday low $105.71
The market broke down hard:
- Lost the $114-117 channel we were holding. 4H chart is now bearish, daily just broke the 50-day EMA at $107.42
- RSI on 4H is 19.8 - extreme oversold, so a relief bounce is likely
- MACD bearish crossover, momentum with sellers.
Support: S1 $107.26 (broken), S2 $102.08, Strong support $95.82 / 200-day EMA $96.65
Resistance: $110.95, $117.16, $121.63
$104-105 area is loaded with liquidations below. Above $123-125 is where shorts will get squeezed. Expect a wick down to $102 before bounce.
- Need a daily close back above $107.42 to invalidate bearish breakdown
- Scalp bounce zone $105-$106 to $111, SL below $103
- Long term accumulation: $100-$95 zone is where smart money is waiting.