🚀 $SOL Technical Analysis July 21, 2025: PRICE STANDS AT $189.63 WITH STRONG BULLISH MOMENTUM 📈
📊 Market Insight
• Current Price: 189.63 USDT
• Moving Averages (MAs) indicate strong bullish momentum with MA(7) at 182.87, MA(25) at 178.61, and MA(99) at 163.02, showing a clear upward trend.
• Volume is robust at 4.45M SOL (812.53M USDT), reflecting significant trading activity.
• MACD shows a bullish trend with DIF at 3.84 and DEA at 3.22, indicating growing momentum.
• RSI values are in a neutral to slightly overbought zone, with RSI(6) at 91.61, suggesting strong but potentially overextended momentum.
📊 Important Levels to Watch
🔼 Resistance Levels:
195.00
200.00
205.00
🔽 Support Levels:
185.00
182.98
177.80
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $195.00
☑️ Entry Point: $195.20 (enter if price breaks above 195.00 with bullish momentum confirmation)
🎯 Price Target:
TP1: $200.00
TP2: $205.00
🛑 Stop Loss: $194.60 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 195.00, an increase in volume, RSI(6) remaining above 70, and MACD showing continued bullish crossover.
🐻 Bearish Trade Setup: Reversal below $185.00
☑️ Entry Point: $184.80 (enter if price drops below 185.00 with bearish momentum confirmation)
🎯 Price Target:
TP1: $182.98
TP2: $177.80
🛑 Stop Loss (SL): $185.40 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 185.00, a decline in volume, RSI(6) dropping below 50, and the MACD showing a bearish trend.
📌 Suggestion to Open Positions Today:
The current price action exhibits strong bullish momentum, supported by rising MAs and volume. A breakout above $195.00 could drive further gains, while a drop below $185.00 might signal a reversal. Monitor RSI for overbought conditions and MACD for momentum shifts before entering positions.