🚀 $SOL Technical Analysis July 29, 2025: PRICE STANDS AT $181.27 WITH BEARISH MOMENTUM 📉
📊 Market Insight • Current Price: $181.27 USDT • Moving Averages (MAs) indicate a bearish shift with MA(7) at 184.30, MA(25) at 186.30, and MA(99) at 180.55, showing price below short-term MAs. • Volume is notable at 2.4M SOL (616.93M USDT), with a slight decrease suggesting waning buying pressure. • MACD shows a bearish trend with DIF at -0.87 and DEA at -0.16, indicating potential downward momentum. • RSI values suggest a neutral zone, with RSI(6) at 29.80, indicating room for further decline.
📊 Important Levels to Watch 🔼 Resistance Levels: $184.30 $186.30 $197.76 🔽 Support Levels: $180.55 $174.80 $166.89
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Reversal above $184.30 ☑️ Entry Point: $184.50 (enter if price breaks above $184.30 with bullish momentum confirmation) 🎯 Price Target: TP1: $186.30 TP2: $197.76 🛑 Stop Loss: $183.90 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above $184.30, an increase in volume, RSI(6) rising above 50, and MACD showing a bullish crossover.
🐻 Bearish Trade Setup: Breakdown below $180.55 ☑️ Entry Point: $180.30 (enter if price drops below $180.55 with bearish momentum confirmation) 🎯 Price Target: TP1: $174.80 TP2: $166.89 🛑 Stop Loss: $181.00 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below $180.55, a decline in volume, RSI(6) dropping below 30, and the MACD confirming bearish momentum.
📌 Suggestion to Open Positions Today: The current price action reflects bearish momentum with a 3.67% decline and a bearish MACD shift. A breakdown below $180.55 could lead to further losses, while a recovery above $184.30 might signal a reversal. Monitor RSI for oversold conditions and volume for momentum shifts before entering positions.
