🚀 $SOL Technical Analysis August 05, 2025: PRICE STANDS AT $165.15 WITH NEUTRAL MOMENTUM 📊
📊 Market Insight • Current Price: $165.15 USDT • Moving Averages (MAs) indicate a mixed trend with MA(7) at 166.68, MA(25) at 166.62, and MA(99) at 173.21, showing price slightly below MA(7) and MA(25). • Volume is notable at 2.78M SOL (466.48M USDT), with a 0.13% decline suggesting stable but cautious market activity. • MACD shows a neutral trend with DIF at -0.82 and DEA at -2.05, MACD at 1.23, indicating a potential stabilization. • RSI values suggest a neutral zone, with RSI(6) at 46.68, indicating balanced momentum with room for movement in either direction.
📊 Important Levels to Watch 🔼 Resistance Levels: $170.45 $173.21 $179.24 🔽 Support Levels: $159.20 $155.83
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $170.45 ☑️ Entry Point: $171.00 (enter if price breaks above $170.45 with bullish momentum confirmation) 🎯 Price Target: TP1: $173.21 TP2: $179.24 🛑 Stop Loss: $170.00 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above $170.45, an increase in volume, RSI(6) rising above 50, and MACD showing a bullish crossover.
🐻 Bearish Trade Setup: Drop below $159.20 ☑️ Entry Point: $158.90 (enter if price falls below $159.20 with bearish momentum confirmation) 🎯 Price Target: TP1: $155.83 🛑 Stop Loss: $159.50 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below $159.20, a decline in volume, RSI(6) dropping below 30, and the MACD confirming bearish momentum.
📌 Suggestion to Open Positions Today: The current price action reflects neutral momentum with a 0.13% decline and a balanced RSI(6). A breakout above $170.45 could signal an uptrend, while a drop below $159.20 might indicate further downside. Monitor volume and RSI for confirmation before entering positions.
