SOL/USDT Technical Analysis: Rejection Candles Signal Potential Reversal

GateUser-a5fa8bd0 · 2025-12-26T20:28:21+00:00

Solana (SOL) is experiencing selling pressure at the $183 resistance level, with repeated rejections indicating bearish momentum. Traders should watch for confirmation below $181 to target lower support levels at $179.70 and $178, while managing risk with stop-loss orders.

GateUser-a5fa8bd0

2025-12-26 20:28:21

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Solana faces mounting selling pressure at key resistance levels, with rejection candles painting a bearish picture at the $183 zone. The repeated inability to sustain above this critical barrier suggests weakening bullish momentum, while supply absorption at higher prices indicates sellers are firmly in control.

Current Market Structure

SOL has formed multiple rejection candles near the $183 resistance area, a pattern that typically precedes significant downward retracements. Each attempt to break higher has been met with aggressive selling, creating a congestion zone that now acts as a distribution point. The price action reveals a shift from buyer dominance to seller control as trading volume on upside moves diminishes.

Technical Setup & Trade Considerations

For traders monitoring this pair, the zone between $181.80–$182.00 represents a critical entry area should bearish confirmation develop. A sustained breakdown below the $181 support could accelerate selling pressure toward the $178 psychological level, which serves as the next support zone.

Key price targets for downside moves:

First Target: $179.70
Secondary Target: $178.00
Risk Management: Stop loss placement around $183.75

Market Outlook

Watch for trading volume confirmation below the rejection zone. A clean break and daily close under $181 would strengthen the bearish case and potentially trigger cascading sell orders toward the $178 support. The rejection candle pattern at resistance, combined with weakening momentum indicators, suggests patience for confirmation rather than premature entries.

Current SOL price: $121.94 | 24h change: -1.15%

#SOLTrade #TechnicalAnalysis #CryptoTrading #USDT

SOL0,85%

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