🔥 Where will SOL close this week?
Solana (SOL) is trading around the $147–150 range, with slight fluctuations in the past few days. So, can SOL close this week (Sunday, 7/7/2025) at what level? And what is driving the current price action?
Why is SOL stalling?
Selling pressure is still high
-Negative funding rate, many short positions opened around $150 make it hard for SOL to break through.
-RSI and trading volume are both weak → buying power is not strong enough.
Encountering technical resistance
-EMA20, EMA50, and the short-term trend line all intersect the $150–155 range, creating obstacles.
-The Ichimoku cloud shows a thick cloud above → the trend is not clear.
Market sentiment is cautious
-BTC is fluctuating without a clear trend, the macro market is unstable → altcoins have not shown strong waves.
=>(SOL is in a strong "price compression" zone. If it holds $145 and closes the week above $150, the potential for a price surge next week is quite significant. Conversely, if it breaks below $144 – caution is needed as it may retest the $140 range.