🚀 $SOL Technical Analysis July 18, 2025: PRICE STANDS AT $179.22 WITH STRONG BULLISH MOMENTUM 📈
📊 Market Insight • Current Price: 179.22 USDT • Moving Averages (MAs) indicate strong bullish momentum with MA(7) at 177.17, MA(25) at 169.54, and MA(99) at 158.13, showing consistent upward pressure. • Volume is robust at 5.57M SOL, reflecting significant trading activity. • MACD shows a bullish trend with DIF at 4.50 and DEA at 3.57, indicating growing momentum. • RSI values are in a neutral to slightly overbought zone, suggesting strong momentum but nearing potential overbought conditions.
📊 Important Levels to Watch 🔼 Resistance Levels: 185.00 187.50 190.00 🔽 Support Levels: 174.00 171.19 169.54
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $185.00 ☑️ Entry Point: $185.20 (enter if price breaks above 185.00 with bullish momentum confirmation) 🎯 Price Target: TP1: $187.50 TP2: $190.00 🛑 Stop Loss: $184.50 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 185.00, an increase in volume, RSI(6) rising above 70, and MACD showing a bullish crossover with DIF rising further above DEA.
🐻 Bearish Trade Setup: Reversal below $174.00 ☑️ Entry Point: $173.80 (enter if price drops below 174.00 with bearish momentum confirmation) 🎯 Price Target: TP1: $171.19 TP2: $169.54 🛑 Stop Loss (SL): $174.40 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below 174.00, a decline in volume, RSI(6) dropping below 50, and the MACD showing a bearish trend with DIF falling below DEA.
📌 Suggestion to Open Positions Today: The current price action shows strong bullish momentum with the price well above key moving averages and a rising RSI. A breakout above $185.00 could signal further upside, while a drop below $174.00 might indicate a reversal. Monitor volume and RSI closely, as the RSI nearing overbought levels suggests caution. Confirm momentum shifts before entering any positions.
