Technical analysis by FenzoFxBroker about Symbol SOL: Sell recommendation (10/29/2025)

FenzoFx—Solana's uptick momentum has been capped by the descending trendline, even though the price flipped above the $185.00 mark. The daily chart shows long-wick bearish candles, indicating the selling pressure persists below the $208.00 resistance. From a technical perspective, the downtrend will likely resume if the price closes below the inverted fair value gap. In this scenario, SOLANA could decline toward the primary support at $172.00. Please note that the bearish outlook should be invalidated if the price exceeds the $208.00 mark.