🚀 Current Market Status

$SOL is trading around $179 USD, with a drop of approximately -0.6% in the last 24 hours and an intraday range between $176.70 and $182.63 USD. The daily volume exceeds $5.5 billion USD, with a market capitalization close to $96 billion USD.

🔍 General Technical Analysis

The technical trend of SOL shows mixed signals:

The RSI (14) is around 55, indicating neutral momentum without overbought conditions.

The Stochastic (9,6) is in a neutral range (~30–41), and the StochRSI is also in a neutral zone (~54), with no extreme signals.

The MACD (12,26) shows a positive reading (~+8.12), suggesting moderate bullish momentum.

The ADX (14) is around 32–33, confirming the presence of a moderate trend, although not very strong.

Regarding moving averages: mixed signals. Some averages indicate short-term selling (MA5, MA10), but long-term averages (MA20, MA50, MA100, MA200) still signal buying, resulting in an overall technical rating of Buy according to TipRanks and Neutral or Buy according to Bitget.

📌 Key Supports and Resistances

According to classic pivot levels and Fibonacci from July 31:

Support S1: ~$178.43

Daily Pivot: ~$186.90

Resistance R1: ~$191.60

Upper Resistances (R2/R3): $200.07 – $204.77

The price today is trading below the pivot, suggesting it may consolidate before attempting to break upper resistances.

🧩 Summary of Technical Outlook

Solana shows a neutral to slightly positive technical setup. Technical momentum exists, but it is limited: neither the oscillators show overbought conditions nor is there a strong upward momentum.

⚡ If $SOL breaks above the pivot of $186.90 USD with volume, it could advance towards resistances at $191.60 and $200+ USD.

🔻 In contrast, if it falls below the support of $178–$177 USD, there is a possibility of retracements towards $174–$165 USD, especially if the volume remains low.