🚀 $SOL Technical Analysis July 15, 2025: PRICE STANDS AT $160.53 WITH BEARISH MOMENTUM 📉
📊 Market Insight • Current Price: 160.53 USDT • Moving Averages (MAs) show a bearish shift with MA(7) at 163.42, MA(25) at 162.70, and MA(99) at 154.46, indicating potential downward pressure. • Volume is at 3.67M SOL (24h Vol/USDT 603.82M), suggesting increased trading activity. • MACD shows a bearish trend with DIF at -0.89 and DEA at 1.58. • RSI values are in a neutral zone (RSI(6): 38.36, RSI(12): 45.92, RSI(24): 51.67), indicating no extreme overbought or oversold conditions.
📊 Important Levels to Watch 🔼 Resistance Levels: 163.00 166.65 169.23 🔽 Support Levels: 159.54 155.90 154.32
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $163.00 ☑️ Entry Point: $163.20 (enter if price breaks above 163.00 with bullish momentum confirmation) 🎯 Price Target: TP1: $166.65 TP2: $169.23 🛑 Stop Loss: $162.80 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 163.00, an increase in volume, RSI(6) rising above 50, and MACD showing a bullish crossover with DIF rising above DEA.
🐻 Bearish Trade Setup: Reversal below $159.54 ☑️ Entry Point: $159.30 (enter if price drops below 159.54 with bearish momentum confirmation) 🎯 Price Target: TP1: $155.90 TP2: $154.32 🛑 Stop Loss (SL): $159.80 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below 159.54, a decline in volume, RSI(6) dropping below 30, and the MACD showing a bearish trend with DIF falling below DEA.
📌 Suggestion to Open Positions Today: The current price action suggests bearish momentum with the price below key moving averages and a declining MACD. A drop below $159.54 could signal further declines, while a bounce above $163.00 might indicate a reversal. Monitor volume and RSI closely for confirmation before entering any positions.
