📅 August 6, 2025
Current Price: $162.66
24H Change: -3.27%
Market Status: Bearish pullback after hitting resistance at ~$172
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🧠 Quick Technical Breakdown:
📉 Bollinger Bands
→ Price is hugging the lower band, suggesting short-term oversold conditions.
→ Watch for a potential mean reversion back to the $167–$170 zone.
📊 Stochastic RSI
→ Showing a sharp dip below 20, crossing bullish – early signs of a possible momentum reversal.
📈 Volume & MACD
→ Volume has slightly decreased, while MACD is narrowing – possibly setting up for a bounce if support holds.
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⚔️ Key Levels to Watch:
Support: $161.50 (critical)
Resistance: $172.00, then $178.00
EMA Trend Bias: Bearish in short-term, but still bullish on larger timeframes
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📌 Trade Idea: Short-Term Rebound Setup
> "Buy the dip, but don’t marry it."
🎯 Entry Zone: $162.00 – $163.00
✅ Target 1: $167.00
✅ Target 2: $172.00
⛔️ Stop Loss: $159.80
⚖️ Risk-Reward: ~1:2.5
⏰ Timeframe: 4H / Daily — Intraday to short swing
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🗣 Community Poll
Which level do you think SOL will hit first this week?
⬇️ Drop your answer in the comments!
✅ $172
❌ $159
🤔 Sideways chop?
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#SOLUSDT #BinanceFutures #cryptosignals #altcoins #writetoearn #TechnicalAnalysis #Solana
