*SOL Technical Analysis - Oct 17, 2026*
*Current: $103.00 (-2.87%) | Low $102.49 High $107.44*
SOL broke below its rising trendline from late August and is trading below 20 EMA $111.47 and 50 EMA $107.29. It is still above 200-day EMA $97.59, which is up +8.84%. So medium-term uptrend intact, short-term correction.
Weekly chart: 50-week SMA at $98.99 right below $100 psychological level. That makes $99-$101 a critical testing zone combining recent low + 50WMA. This is exactly your $101 buy zone. 7316
- Support: $100-$105 with $100-$102 as critical demand zone, next S2 $101.66 / S3 $98.14, then 100-day EMA $99.43 and 20-week $89.56
- Resistance: $106.55 first, then $107.13 50-day EMA, $110 major, $112.43 200-week, $115-$118 3d7d7316d22a
- RSI 41.9 neutral to bearish, daily RSI 41.5 below midline, Stoch RSI fast 75.77 below slow 88.60 - summer recovery losing steam
- MACD below signal and zero line - consistent negative momentum
- Open Interest +2.77% to $6.81B, funding 0.0049% - longs paying but not crowded, so no short squeeze yet.
- *Bull case:* Hold $100-$102 and daily close above $106.55 strengthens bullish case, then target $110, $113.40 last week's high
- *Bear case:* Daily close below $103.64 weakens, break below $100.56 exposes $96.10. Invalidation below Daily 200EMA.
What is your Opinion pls comment below
#SolanaUSTD #solana
#altcoins
*Current: $103.00 (-2.87%) | Low $102.49 High $107.44*
SOL broke below its rising trendline from late August and is trading below 20 EMA $111.47 and 50 EMA $107.29. It is still above 200-day EMA $97.59, which is up +8.84%. So medium-term uptrend intact, short-term correction.
Weekly chart: 50-week SMA at $98.99 right below $100 psychological level. That makes $99-$101 a critical testing zone combining recent low + 50WMA. This is exactly your $101 buy zone. 7316
- Support: $100-$105 with $100-$102 as critical demand zone, next S2 $101.66 / S3 $98.14, then 100-day EMA $99.43 and 20-week $89.56
- Resistance: $106.55 first, then $107.13 50-day EMA, $110 major, $112.43 200-week, $115-$118 3d7d7316d22a
- RSI 41.9 neutral to bearish, daily RSI 41.5 below midline, Stoch RSI fast 75.77 below slow 88.60 - summer recovery losing steam
- MACD below signal and zero line - consistent negative momentum
- Open Interest +2.77% to $6.81B, funding 0.0049% - longs paying but not crowded, so no short squeeze yet.
- *Bull case:* Hold $100-$102 and daily close above $106.55 strengthens bullish case, then target $110, $113.40 last week's high
- *Bear case:* Daily close below $103.64 weakens, break below $100.56 exposes $96.10. Invalidation below Daily 200EMA.
What is your Opinion pls comment below
#SolanaUSTD #solana
#altcoins