Current Price: $161-164 range
24h Change: -2% to +3% (mixed signals across exchanges)
Key Technical Level: Testing critical $160 support
Quick Take: Bearish Short-Term, Cautiously Optimistic Medium-Term
Immediate Outlook (Next 1-2 weeks): BEARISH
SOL broke below the $170 consolidation range and is now testing crucial $160 support
Volume has been declining during this pullback, suggesting weak buying interest
Technical indicators show bearish momentum with MACD showing negative crossover
Next downside targets: $151-148 if $160 fails to hold
Medium-Term View (1-3 months): CAUTIOUSLY BULLISH
Despite the pullback, the larger cup-and-handle pattern remains intact with potential targets of $210-300
Strong fundamental backdrop with $9B+ TVL and growing institutional interest via CME futures (252% volume surge in July)
Key resistance to reclaim: $190-195 zone for bullish continuation
Key Levels to Watch
Level Type Significance
$160 Critical Support Daily/weekly untested level, current battleground
$151-148 Next Support Untested weekly levels if $160 breaks
$170 Resistance Former support turned resistance, rejection zone
$190-195 Major Resistance Key breakout level
for bullish continuation
#TrumpTariffs # #solana #sol #cryptotrading #crypto #cryptocurrency #bitcoin #blockchain #ethereum #trading #cryptonews #altcoin #cryptomarket #investing #decentralized #cryptoinvestor #chartanalysis #technicalanalysis #bullish #bearish #traderlife
