SOL-USDT Technical Snapshot (July 16–31)
• Bullish Spike: Strong rally on July 21–22 pushed price from ~$170 to $206.
• Reversal Signs: Bearish engulfing at $206.5 triggered correction.
• Current Trend: Short-term bearish with price stabilizing near $181.
• Candles: Small-bodied candles + recent weak bullish attempt.
• EMA: Price dropped below EMA34 ($172.34) – bearish shift.
• RSI: Neutral to slightly bearish (RSI6 at 47.70).
• MACD: Bearish crossover with declining momentum.
Key Levels:
• Resistance: $182.5 / $190 / $206.5
• Support: $180 / $172 / $161.5
Outlook:
Cautiously bearish. Watch $180 and $172 for support. A break above $182.5 may suggest a recovery. Tight stop-losses advised.