SOL Technical Analysis, Date: July 13, 2025:

Market Overview
The trading price of SOL today is approximately $161.31, a slight decrease compared to the previous trading day. The intraday fluctuation range is between $157.95 and $163.81, indicating moderate volatility.
Moving Average
The 7-day simple moving average and the 12-day exponential moving average are located below the current price of $150–$155, indicating recent upward momentum.
The mid-term support is near the 50-day SMA (~$154), reinforcing buyers around that area.
The 200-day moving average is above the price, close to $165, indicating that the long-term trend remains under pressure.
Momentum Indicator
RSI (14) at 50 mid-range reflects neutral to moderate bullish momentum.
MACD shows a bullish crossover, and the histogram is expanding, supporting a short-term upward bias.
The stochastic oscillator is approaching the overbought zone, suggesting a potential consolidation.
Bollinger Bands
The price is trading close to or just above the upper Bollinger Band on the daily chart, indicating that there is resistance at this level. A clear breakout may signal further upside, while a pullback to the middle band could provide a buying opportunity.
Chart Pattern
Recently, a breakout occurred around $156 from a symmetrical triangle, which usually indicates a bullish momentum.
A double bottom pattern has a low around $135, with the neckline around $155. If it breaks through the current resistance, the potential target may be in the $170–$195 range.
A golden cross pattern is forming, where the shorter moving average (, such as the 9-day ), is about to break through the mid-term average (21-day ). If confirmed with trading volume, this could drive an upward rebound.
Trading Volume and Sentiment
The trading volume supported the recent breakthrough, confirming the buyer's interest.
Derivatives show a higher call-to-put ratio and long positions among top traders, although the rising put premiums indicate some caution.
Trading scenario
Bullish: If it closes above $162 with strong trading volume, it may trigger a move towards $170, and could potentially rise further to the $185–195 range.
Consolidation: If SOL stagnates near the upper range, it is expected to consolidate between $155–160, or retrace to the support level around $150–154.
Bearish: If it breaks below $154, especially if it goes below $150, the risk will return to the $140–135 range, which may negate the bullish chart pattern.
Abstract
The current technical setup is constructive: the short-term moving averages are showing a bullish arrangement, momentum indicators support an upward bias, and key chart patterns favor a breakout scenario. The key observation levels are $155 (pivot) and $162 (resistance). Clearing these levels and breaking through with confidence could open the way to a $170–195 target. However, overbought signals and the long-term trend aligning around $165 warrant caution. A break below $154 would significantly weaken the bulls.
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