SOL USD is falling – What is happening with cryptocurrencies today? Why are people selling during Uptober?
Bitcoin
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Although we have traced back some of it, is there any room for fear? The Solana ETF is still awaiting approval and SOL USD is in a 2-year range.
#altcoin $BTC.D We are in a bearish backtest.
It previously broke out of an upward expansion wedge that had been forming for more than two years.
I’m bullish on altcoins. Very bullish!! ️ pic.twitter.com/To7t8pg7fG
— 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 🧲 (@el_crypto_prof) October 7, 2025
With big questions looming on retailers’ minds, it’s good to ask what the big players in the market are doing. Nothing is clear at this point. At least nothing has been reported to the press. This is a big week for Solana – ETF decisions announced. Could the selling be insider unloading or market manipulation to buy cheap?
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SOL USD decline: what should traders watch out for?
(Source – Tradingview, SOLUSD)
Let’s start today’s analysis with the weekly chart. The two-year range is clear, with some variation, between $120 and $240. The 2025 low actually retraced quite strongly and recorded a bullish engulfing candlestick. Currently, support is at the March 2024 high. It is a good sign that this level has been restored. Another good thing for bulls here is that the RSI has room to move higher and the moving averages are trending up.
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(Source – Tradingview, SOLUSD)
On the 1D chart, the RSI has plenty of headspace left. The moving average is also trending upward. A drop below the previous low of $200 was possible. Even if the price falls again from there, it will not be a deviation. However, even if this happens, the uptrend will remain until the MA reverses and the high-low structure becomes clear.
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Final thoughts on market structure and future
(Source – Tradingview, SOLUSD)
However, the 4H timeframe sees a retest of the bearish order block. RSI will be reset on this time frame. The moving averages are starting to turn higher, with the MA 50 recently breaking above the MA200 and acting as support today. Next, bulls will want to see MA100 break above MA200 and SOL USD break out of the bearish order block. If that doesn’t happen, lower lows and lower highs will form. If Solana is going to hit a new ATH in Uptober, the Bulls need to step it up.
Trade safely and always manage your risk.
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Is SOL USD dead? Cryptocurrency market facing another decline
SOL USD prices are still in the $200 range.
1D and 1W RSI has room to grow, but 4H needs to cool down
A bearish order block between $235 and $240 was tested and rejected. I need to break out!
Solana ETF decision week – could impact price
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