The technical analysis of $SOL $USDT in July 2025 presents a mixed scenario, with optimistic indicators, but also important caveats regarding volatility and resistance levels.

General Scenario and Forecasts for July 2025

Solana has shown signs of building positive momentum. The price of SOL has been recovering, with some analysts pointing to a possible bullish breakout if certain resistance levels are surpassed.

Recovery Point: Solana has seen a steady increase from a recovery point near $120, which aligns with the Fibonacci retracement level of 0.618. This level has historically attracted buyers.

Testing Resistance: Currently, SOL is testing the Fibonacci level of 0.236, near $152.50. A confirmed daily close above this resistance could pave the way for the psychologically significant mark of $160.

Optimistic Targets: If the breakout above $160 materializes, the next logical target would be the level of $180, which corresponds to a previous peak. Some analysts see the potential to reach $218 in the short term.

Key Technical Indicators

RSI (Relative Strength Index): The RSI is around 52.68, above the neutral mark of 50 for the first time in weeks, indicating a growing bullish sentiment. If the RSI continues to rise to 55 or more, it would reinforce the bullish outlook.

Bollinger Bands: The Bollinger Bands suggest a price target of $164, adding technical validation for an upward movement.

Double Bottom Pattern: A double bottom pattern ("W" formation) is developing on the Solana chart, a classic indicator of bullish reversal. This pattern shows two price lows near $135, separated by a peak around $155. A breakout above $155 would confirm this formation, potentially pushing SOL into the range of $170 to $195.