DAILY SIGNAL — SOL/USDT
Date: 30 Sep 2026 Timeframe: 1m Intraday Bias: Bearish structure → rejection → downside continuation
📊 Market Bias
SOL remains inside a short-term descending structure after the earlier selloff from the 120+ area.
Price is currently around 117.97, trading near the lower part of the purple resistance/support zone.
The latest rebound from the 117.45 area has returned price toward 117.95–118.20, but the broader descending trendline remains overhead.
🔹 Key Levels From Chart
Current Price: 117.97
Key Structure Zone: 117.95 → 118.20
Upper Resistance: 118.40
Downside Confirmation: 117.77 → 117.45
Invalidation: Above 118.40
🎯 Downside Fibonacci Targets
TP1 → 117.77 (0.5 Fib) TP2 → 117.45 (1.0 Fib) TP3 → 117.14 (1.5 Fib) TP4 → 116.82 (2.0 Fib) TP5 → 116.51 (2.5 Fib) TP6 → 116.20 (3.0 Fib) TP7 → 115.88 (3.5 Fib)
📈 Technical Breakdown
SOL continues to trade beneath the descending blue trendline.
Price recently dropped toward 117.45, reacted upward, and recovered back toward the purple structure zone.
The current reaction is testing whether 117.95–118.20 can be reclaimed and held.
MACD has recovered from the recent negative momentum, but remains below the zero line.
RSI is around 46.93, showing neutral-to-weak momentum rather than an overbought condition.
A rejection from the current structure followed by a break below 117.77 would keep the Fibonacci downside levels in focus.
A sustained reclaim above 118.20–118.40 would weaken the current bearish framework.
🧠 Quick Insight
“Relief rebounds can test resistance without changing the larger structure.”
⚠️ Disclaimer
This is personal market analysis, not financial advice. This chart framework is for educational purposes only.
Always DYOR / DYODD, manage risk properly, and avoid emotional trading.
— @nayrbryanGaming #SOL #SOLUSDT #Crypto #Trading #TechnicalAnalysis #PriceAction #Fibonacci #Binance #DYOR #NFA #NoFOMO