🚀 $SOL Technical Analysis July 23, 2025: PRICE STANDS AT $190.40 WITH BEARISH MOMENTUM 📉
📊 Market Insight • Current Price: 190.40 USDT • Moving Averages (MAs) indicate a potential shift with MA(7) at 199.30, MA(25) at 190.47, and MA(99) at 169.99, showing a weakening upward trend. • Volume is significant at 5.61M SOL (1.11B USDT), but a recent drop suggests reduced buying pressure. • MACD shows a bearish trend with DIF at 5.16 and DEA at 6.14, indicating fading momentum. • RSI values suggest a neutral to oversold zone, with RSI(6) at 32.42, hinting at a possible reversal or continued downside.
📊 Important Levels to Watch 🔼 Resistance Levels: 195.00 200.00 205.00 🔽 Support Levels: 185.00 180.00 175.00
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Reversal above $195.00 ☑️ Entry Point: $195.20 (enter if price breaks above 195.00 with bullish momentum confirmation) 🎯 Price Target: TP1: $200.00 TP2: $205.00 🛑 Stop Loss: $194.60 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 195.00, an increase in volume, RSI(6) rising above 50, and MACD showing a bullish crossover.
🐻 Bearish Trade Setup: Breakdown below $185.00 ☑️ Entry Point: $184.80 (enter if price drops below 185.00 with bearish momentum confirmation) 🎯 Price Target: TP1: $180.00 TP2: $175.00 🛑 Stop Loss (SL): $185.40 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below 185.00, a decline in volume, RSI(6) dropping below 30, and the MACD showing a bearish trend.
📌 Suggestion to Open Positions Today: The current price action shows bearish momentum with a recent drop and weakening MAs. A breakdown below $185.00 could lead to further declines, while a reversal above $195.00 might signal a recovery. Monitor RSI for oversold conditions and MACD for momentum shifts before entering positions.
