🔍 SOLANA (SOL/USD) Technical Analysis – July 18, 2025
Solana (SOLUSD) is currently reacting to a major resistance zone around the $185–$190 level, as shown in the chart. Price has rallied strongly from the support area near $130, breaking several market structures (BOS – Break of Structure) on its way up.
🧠 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.
🧱 Key Levels:
Resistance Zone: $185 – $190
Support Zone: $125 – $135 (untapped liquidity beneath)
Target Zone: $155 – $160 (where liquidity likely rests)
⚠️ 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.
📌 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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