SOL 4H – Testing EMA Cluster at $204, Will Fib Support Hold?

Solana on the 4H chart is retesting the EMA cluster (20/50/200) around $204 after its recent rally.
The key support to watch lies in the Fib retracement zone between $187 (0.5) and $169 (0.786), where previous consolidation provided strong demand.

EMA Confluence: Price is sitting directly on the 20/50 EMA with the 200 EMA nearby at $187. A clean break below could trigger deeper retracement into the Fib box.

MACD: Currently neutral but leaning slightly bullish, suggesting momentum is cooling rather than reversing.

Stoch RSI: Oversold bounce conditions are developing, which could fuel a short-term rebound if support holds.

Traders should watch the $200–$204 EMA cluster as the immediate decision point. A reclaim above $210 would re-confirm bullish continuation, while failure here risks a drop into the Fib support range.