๐ Solana (SOL/USDT) โ Daily Price Action Plan | August 5, 2025
๐ Current Price: $166.67 (โจ47,244.27 | โฒ1.98%)
๐ 24h Range: $161.64 โ $169.97
๐ Chart Timeframe: 15-Minute
๐ Trend Structure: Short-term consolidation after hitting resistance
๐งญ Key Technical Levels
๐น Support Levels:
$166.60 โ Near-term support (MA-7 & MA-99)
$165.00 โ Psychological support
$161.64 โ Intraday low (critical support zone)
๐ธ Resistance Levels:
$167.71 โ MA-25 level (short-term resistance)
$169.97 โ 24h high (major resistance)
$171.00โ172.50 โ Breakout zone if bullish momentum returns
๐ Intraday Action Plan
Scenario 1: Bullish Breakout
Trigger: Price breaks above $168.00 with volume confirmation
Entry Zone: $168.00 โ $169.50
Target 1: $171.00
Target 2: $172.50
Stop Loss: $166.20
Bias: Momentum play if buyers regain control
Range Trading (Most Likely in Low Volume Hours)
Range: $165.50 โ $168.00
Buy Near Support: $165.50โ$166.00
Sell Near Resistance: $167.70โ$168.00
Stop Loss: Tight 0.75% SL outside the range
โ ๏ธ MACD Signal:
Bearish divergence continues โ histogram expanding in negative zone. Caution advised on long positions unless price breaks and holds above $168.00.
๐ Strategy Notes
Asia Session: Expect continuation of consolidation.
EU/US Sessions: Watch for volume spike and breakout toward $170+.
Monitor BTC/ETH for correlation influence.
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