1 month ago
25
Key Takeaways
- RSI shows that selling lost momentum.
- The death cross reflects trend weakness.
- Stablecoin supply rose as trading cooled.
- $134 is the next recovery test.
The rebound follows Solana’s August rally, when SOL briefly reached $110, its high for the month. The weekly chart now shifts attention to $105, the first resistance zone the recovery must clear.
$105 is a resistance cluster, not a single price
The 23.6% Fibonacci retracement sits at $105, close to the descending trendline and the 50-week simple moving average. Together, those levels form the first major resistance zone for SOL’s recovery.
A one-day move above that area would not change the weekly structure. SOL needs to close above $105 and hold the level after a retest before the market can treat it as support. Until then, the recovery remains a challenge to the downtrend.
Solana’s weekly levels
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