📊 SOL/USDT Technical Analysis – July 6, 2025
Current Price: $151.33 | 24h Change: +2.40%
🔹 Market Overview:
Solana (SOL) has shown a strong recovery over the past week, rebounding from the recent local bottom around $125. The price has now reclaimed the $150 support level, indicating growing bullish momentum.
🔹 Key Levels:
Resistance: $152.09 (24h High), followed by $160 and $168
Support: $146.78 (MA(25)), then $140 and $125
Moving Averages:
MA(7): $150.41 (Price trading above short-term average – bullish)
MA(25): $146.78 (recently reclaimed – positive sign)
MA(99): $146.88 (flattening – consolidation phase)
🔹 Volume Analysis:
Volume remains moderate but stable (~1M SOL daily), suggesting accumulation.
A breakout above $152 with higher volume could trigger a move toward the $160–$170 range.
🔹 Chart Pattern:
The chart shows a potential trend reversal pattern forming after a double bottom near $125.
Bullish crossover between MA(7) and MA(25) indicates short-term strength.
🔹 Outlook:
As long as SOL holds above the $146–$150 zone, bulls remain in control. A sustained break above $152 could open room for further upside. However, a drop below $146 might indicate consolidation or a retest of lower support zones.
💡 Conclusion:
SOL is currently showing bullish signs with rising momentum and key support reclaimed. Traders should watch for confirmation above $152 and increased volume for potential entries.
📌 Disclaimer: This is not financial advice. Always DYOR and manage your risk.