๐ Solana (SOL/USD) Attempts to Relieve Oversold Conditions โ Analysis โ December 16, 2025
USA News Today | Dec. 16, 2025
Solana (SOL/USD) extended its cautious rebound during recent intraday trading, as the price attempts to recover part of its earlier losses.
The move comes amid efforts to ease oversold conditions, with RSI indicators generating early positive signals. However, downside pressure remains dominant, as the asset continues to trade below its 50-period simple moving average, reinforcing the prevailing bearish trend.
Price action also remains aligned with a short-term descending trendline, limiting the scope for a sustained recovery at this stage.
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๐ป Price Outlook
As long as resistance at 132.40 holds, downside risks remain elevated, with the next key target located at 122.75.
Expected Trend: Bearish
Disclaimer: This content is for informational purposes only and is not investment advice.
๐ Support & Resistance
Resistance: 132.40
Support: 122.75
๐งญ Trend Bias
Expected Trend: Bearish