Sol USD Drops – What’s Happening with Crypto Today? Why do people sell during October?! .CWP-Coin-Chart SVG PATH {stroke: 0.65! important; }
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Is there some recovery, but is there room for fear? Solana ETFs are still awaiting approval and SOL USD is in a 2-year range.
#altcoins $BTC.D It is in a bearish backtest.
It previously broke out of an upward expanding wedge that had been forming for over two years.
Bullishness for altcoins. Very bullish
pic.twitter.com/to7t8pg7fg
– ๐๐ ๐ฆ๐ค๐ฅ๐๐โ๐
(el_crypto_prof) October 7, 2025
As big questions loom in retail minds, it’s a good idea to ask what the bigger players in the market are doing. Nothing is clear at this point – or at least nothing is making the rounds in the news. This is a big week for the Solana-ETF decision to come out. Could insiders be selling to a dump, or perhaps manipulating the market in order to buy less?
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Sol USD Dropping: What should traders watch?
(Source โ TradingView, solusd)
Let’s start today’s analysis with the weekly chart. The two-year range is clear – between $120 and $240 with some deviations. Low 2025 actually recovered somewhat and printed a lightning bolt candle. Above March 2024 is currently acting as support. Good sign this level has been reclaimed. Another good thing for bulls here is room for the RSI to go higher, as well as upside on the moving averages.
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(Source โ TradingView, solusd)
On the 1D RSI chart it also has good headroom to run. Moving averages are also trending higher. We had a potential divergence below the previous low at $200. It wouldn’t be a deviation if the price fell there again. Although if so, the uptrend will remain until the MAS turns around and we have a lower, lower, lower price structure.
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Final thoughts on market structure and Uptober
(Source โ TradingView, solusd)
Although on the 4H time frame we can see a retest of Orderblock. The RSI is reset on this time frame. The moving averages are starting to rotate, with the MA 50 recently breaking above the MA200 and acting as support today. Next, Bulls would like to see MA100 across MA200 and SOL USD Break above the Orderblock. If it doesn’t, we have a lower low and a lower formation. Bulls need to step it up if Solana is going to hit a new ATH in October.
Trade safely and always manage your risks!
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Is the US dollar dead? Crypto market facing another sell-off
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SOL USD price is still hovering around $200.
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RSI on 1D and 1W has room to grow, but on 4H it needs to calm down
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Order-Block $235 to $240 Tested and rejected. It needs to be broken!
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Decision week for Solana ETFs – can affect the price
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