SOL dey go down still: need BOS above $84.96, if e fall below $83.09 e turn bear

Published: 2026-05-01 15:48:43 |

SOL technical analysis dey show say di downtrend still dey intact for daily and higher timeframes. Di market still dey inside lower-high/lower-low structure, and price dey below EMA20 near $84.90. Momentum weak: MACD still negative while RSI dey near neutral (~47.8). Key SOL levels to trade dem well-defined. Resistance dey at $84.96, then $87.49 and $91.73. Support dey at $83.09 and $81.11, with deeper downside target near $67.50 if structure break. Decision point na BOS (break of structure) on SOL. Daily close above $84.96 go shift to higher-high/higher-low behavior and fit open upside toward ~$106.71. Daily close below $83.09 go confirm bearish continuation, make am accelerate toward ~$81.11 and then ~$67.50. Risk dey tied to Bitcoin. SOL get high correlation with BTC, so if BTC break key levels e fit pull SOL back into deeper lower-high/lower-low action. Traders advised make dem wait for SOL confirmation (daily closes and structure change) to avoid fakeouts.

Bearish

Both summary dem agree say SOL higher-timeframe structure still bearish and traders suppose treat am as range-to-breakout only after clear SOL BOS. Di later article add correct trigger levels for SOL confirmation: daily close above $84.96 to cancel the recent lower-high sequence, and daily close below $83.09 to confirm continuation. The mixed momentum (RSI near neutral, MACD negative/turning weak) plus bearish trend filters like EMA20 positioning keep upside as counter-trend until SOL show otherwise. For short term, rallies dey vulnerable to rejection for overhead resistance ($87.49, $91.73). For medium/long term, market likely go continue to look for lower targets (down toward ~$81.11, then ~$67.50) unless SOL flip structure to HH/HL. Finally, the report stress SOL high correlation with BTC, meaning BTC volatility fit quickly reinforce SOL downside scenario; without BTC stability, SOL breakdown risk increase. Overall, na bearish setup till SOL earn structural break upward.