🚀 $SOL Technical Analysis July 31, 2025: PRICE STANDS AT $176.62 WITH BEARISH MOMENTUM 📉
📊 Market Insight • Current Price: $176.62 USDT • Moving Averages (MAs) indicate a bearish shift with MA(7) at 178.85, MA(25) at 183.35, and MA(99) at 182.50, showing price below short-term MAs. • Volume is notable at 1.92M SOL (536.34M USDT), with a slight decrease suggesting waning buying pressure. • MACD shows a bearish trend with DIF at -2.08 and DEA at -1.92, indicating potential downward momentum. • RSI values suggest a neutral to oversold zone, with RSI(6) at 33.94, indicating room for further decline.
📊 Important Levels to Watch 🔼 Resistance Levels: $178.85 $183.35 $206.30
🔽 Support Levels: $174.80 $170.29
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Reversal above $178.85 ☑️ Entry Point: $179.00 (enter if price breaks above $178.85 with bullish momentum confirmation) 🎯 Price Target: TP1: $183.35 TP2: $206.30 🛑 Stop Loss: $178.50 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above $178.85, an increase in volume, RSI(6) rising above 50, and MACD showing a bullish crossover.
🐻 Bearish Trade Setup: Breakdown below $174.80 ☑️ Entry Point: $174.50 (enter if price drops below $174.80 with bearish momentum confirmation) 🎯 Price Target: TP1: $170.29 🛑 Stop Loss: $175 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below $174.80, 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 1.43% decline and a bearish MACD shift. A breakdown below $174.80 could lead to further losses, while a recovery above $178.85 might signal a reversal. Monitor RSI for oversold conditions and volume for momentum shifts before entering positions.
