🚀 $SOL Technical Analysis August 22, 2025: PRICE STANDS AT $190.96 WITH BULLISH MOMENTUM 📈
📊 Market Insight
• Current Price: $190.96 USDT
• Moving Averages (MAs) indicate a bullish trend with EMA(7) at 184.20, EMA(25) at 183.86, EMA(99) at 183.21, and EMA(200) at 179.19, showing price above short-term and long-term EMAs.
• Volume is significant at 2.375M SOL (approximately 453M USDT based on current price), with a 24h change of +3.46% reflecting growing market interest.
• MACD shows a bullish trend with DIF at -0.20, DEA at -0.79, and MACD at 0.59, indicating strengthening momentum.
• RSI values suggest a neutral to bullish zone, with RSI(6) at 69.64, indicating potential for further upward movement but nearing overbought conditions.
📊 Important Levels to Watch
🔼 Resistance Levels:
$194.27
$199.19
$209.86
🔽 Support Levels:
$184.42
$179.49
$174.57
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $194.27
☑️ Entry Point: $195.00 (enter if price breaks above $194.27 with bullish momentum confirmation)
🎯 Price Target:
TP1: $199.19
TP2: $209.86
🛑 Stop Loss: $193.50 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above $194.27, increasing volume, RSI(6) rising above 70, and MACD turning more bullish.
🐻 Bearish Trade Setup: Drop below $184.42
☑️ Entry Point: $183.50 (enter if price falls below $184.42 with bearish momentum confirmation)
🎯 Price Target:
TP1: $179.49
TP2: $174.57
🛑 Stop Loss: $185.50 (above the support level)
⚠️ Confirmation: Watch for a strong bearish candle close below $184.42, declining volume, RSI(6) dropping below 50, and MACD turning bearish.
📌 Suggestion to Open Positions Today:
The current price action shows bullish momentum with RSI(6) approaching overbought levels. A breakout above $194.27 could signal further gains, while a drop below $184.42 might indicate a pullback. Monitor volume and RSI for confirmation before entering positions.
