Latest quote: 102.05 USDT, down 4.75% over 24 hours, as of October 15, 2026, 06:52 UTC. With no timeframe specified, I’m using 1-hour signals with 4-hour confirmation.

Why lean bearish?

• Price below key averages: The 1-hour EMA7 is 103.19, and EMA30 is 104.95.

• Negative momentum: MACD is negative, while selling pressure exceeds buying pressure.

• Bounce risk: The 1-hour RSI is 30.65, near oversold. Shorting directly above the 100.58 daily low risks chasing the move.

Conditional short setup

These are illustrative planning levels—not an order or a guaranteed forecast. All prices are in USDT.

| Level | Proposed setup |

|---|---|

| Entry | 103.20–103.80, only after a bounce rejects this zone on the 1-hour chart |

| Stop-loss (SL) | 105.10 |

| Take-profit 1 | 101.40 |

| Take-profit 2 | 100.60 |

| Take-profit 3 | 100.00, only if the daily low breaks |

At an example 103.50 entry, reward-to-risk is approximately 1.3:1 / 1.8:1 / 2.2:1, before fees and slippage. TP3 is a psychological level, not confirmed support.

When to reconsider a long: A 1-hour close above 104.95–105.40, followed by a successful retest, would weaken the short thesis. Until then, a bounce is not necessarily a reversal.

Recent reporting also describes renewed SOL weakness, but the setup above is based on technical data—not an assumed news catalyst. [24/7 Wall St.]

Bottom line: Prefer a confirmed bounce-rejection short; no bounce or confirmation means no trade. Stops can slip during sharp moves, particularly with leverage.