🚀 $SOL Technical Analysis August 06, 2025: PRICE STANDS AT $165.19 WITH NEUTRAL MOMENTUM 📊
📊 Market Insight • Current Price: $165.19 USDT • Moving Averages (MAs) indicate a mixed trend with MA(7) at 164.49, MA(25) at 165.49, and MA(99) at 172.10, showing price slightly below MA(7) and aligning closely with MA(25). • Volume is significant at 1.95M SOL (319.12M USDT), with a 0.60% increase suggesting moderate market interest despite recent stability. • MACD shows a neutral trend with DIF at -1.01 and DEA at -1.38, MACD at 0.37, indicating a potential stabilization with slight bearish pressure easing. • RSI values suggest a neutral zone, with RSI(6) at 53.36, indicating balanced momentum with a slight bullish tilt and room for movement.
📊 Important Levels to Watch 🔼 Resistance Levels: $170.05 $172.22 $178.13 🔽 Support Levels: $160.40 $155.83
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $170.05 ☑️ Entry Point: $170.50 (enter if price breaks above $170.05 with bullish momentum confirmation) 🎯 Price Target: TP1: $172.22 TP2: $178.13 🛑 Stop Loss: $169.50 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above $170.05, an increase in volume, RSI(6) rising above 60, and MACD showing a bullish crossover.
🐻 Bearish Trade Setup: Drop below $160.40 ☑️ Entry Point: $160.10 (enter if price falls below $160.40 with bearish momentum confirmation) 🎯 Price Target: TP1: $155.83 🛑 Stop Loss: $160.90 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below $160.40, a decline in volume, RSI(6) dropping below 40, and the MACD confirming bearish momentum.
📌 Suggestion to Open Positions Today: The current price action reflects neutral momentum with a 0.60% increase and a balanced RSI(6). A breakout above $170.05 could signal an uptrend, while a drop below $160.40 might indicate further downside. Monitor volume and RSI for confirmation before entering positions.
