๐ SOLANA (SOL/USD) Technical Analysis โ July 18, 2025
Solana (SOLUSD) is currently reacting to a major resistance zone around the $185โ$190 level, as shown in the chart. Price has rallied strongly from the support area near $130, breaking several market structures (BOS โ Break of Structure) on its way up.
๐ง Smart Money Insight:
Multiple BOS events indicate strong bullish momentum that pushed price into a premium zone.
Current price action shows exhaustion near resistance, suggesting possible distribution.
๐งฑ Key Levels:
Resistance Zone: $185 โ $190
Support Zone: $125 โ $135 (untapped liquidity beneath)
Target Zone: $155 โ $160 (where liquidity likely rests)
โ ๏ธ Expectation:
A potential short-term retracement or pullback is expected toward the target area, as indicated by the downward arrow.
This aligns with a classic liquidity sweep setup, where smart money often engineers a false breakout before reversing.
๐ Conclusion:
If SOL fails to close strongly above the resistance zone, it could signal a reversal pattern toward lower support, offering an opportunity for short-term swing traders.
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