🚀 $SOL Technical Analysis August 13, 2025: PRICE STANDS AT $198.79 WITH BULLISH MOMENTUM 📈
📊 Market Insight • Current Price: $198.79 USDT • Moving Averages (MAs) indicate a strong bullish trend with EMA(7) at 194.37, EMA(25) at 185.17, EMA(99) at 177.56, and EMA(200) at 173.76, showing price well above all key EMAs. • Volume is significant at 8.29M SOL (1.61B USDT), with a 24h change reflecting sustained market interest and bullish activity. • MACD shows a bullish trend with DIF at 5.54, DEA at 3.50, and MACD at 2.04, indicating strong bullish momentum. • RSI values suggest a neutral to overbought zone, with RSI(6) at 77.03, indicating strong bullish momentum nearing potential overextension.
📊 Important Levels to Watch 🔼 Resistance Levels: $204.96 $210.00 $215.00 🔽 Support Levels: $194.37 $185.17
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $204.96 ☑️ Entry Point: $205.50 (enter if price breaks above $204.96 with bullish momentum confirmation) 🎯 Price Target: TP1: $210.00 TP2: $215.00 🛑 Stop Loss: $204.00 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above $204.96, increasing volume, RSI(6) rising further, and MACD maintaining bullish momentum.
🐻 Bearish Trade Setup: Drop below $194.37 ☑️ Entry Point: $193.80 (enter if price falls below $194.37 with bearish momentum confirmation) 🎯 Price Target: TP1: $185.17 🛑 Stop Loss: $195.00 (above the support level) ⚠️ Confirmation: Watch for a strong bearish candle close below $194.37, declining volume, RSI(6) dropping below 70, and MACD confirming bearish momentum.
📌 Suggestion to Open Positions Today: The current price action shows robust bullish momentum with a 11.09% increase and RSI(6) in a strong zone. A breakout above $204.96 could drive further gains, while a drop below $194.37 might signal a pullback. Monitor volume and RSI for confirmation before entering positions.
