Solana (SOLUSDT.P): Sell Opportunity – Target 170, Stop Loss 194

Solana (SOLUSDT.P) has been showing mixed momentum in October 2025. The market is at a crucial juncture, with recent price action hovering near support and resistance levels.

Technical Overview:

• Current Price Zone: Solana has been trading in the $190–$198 range, showing weakness after retracing from highs, with resistance around $194–$200 and support levels building near $174–$182.​
• Indicators:
  • RSI and MACD: Both indicate neutral to mild bearish momentum, with RSI near 39–44. This suggests the coin isn’t oversold yet and could see further downward movement.​
  • Moving Averages: Trading below the 50-day and 20-day MAs shows lingering weakness and underperformance versus recent breakouts.​
• Support and Resistance: Key resistance now is $194; if price stays below this, further downside to $170 looks reasonable. The next solid support after $180 is closer to $163–$170, matching your target area.​

My Strategy:

• Sell Now: The setup favors short positions as long as SOL remains below $194.
• Stop Loss: $194 (just above resistance to prevent whipsaw moves).
• Target: $170, where strong historical support has appeared and where risk/reward becomes favorable.

Market Context:

• Sentiment: While long-term outlook remains positive for Solana, current short-term sentiment is cautious with increased volatility due to overbought conditions and uncertain ETF/regulatory news.
• Risk Note: If the price breaks above $194 decisively, the short trade setup would be invalidated and a quick move toward $200 or even $210 is possible.​

Summary Table

Conclusion:
Shorting SOLUSDT.P now, with a stop loss at $194 and a target of $170, matches the current technical signals and market momentum. Keep risk management tight and monitor for strong reversals above resistance.

This strategy is suited to active traders prepared for volatility and rapid moves.