SOL technical analysis for Sunday, July 13, 2025:

Market Overview
SOL is trading around $161.31 today, down slightly from the prior session. Intraday movement has ranged between $157.95 and $163.81, showing moderate volatility.
Moving Averages
Short‑term averages (7‑day SMA and 12‑day EMA) lie below current price near $150–$155, indicating recent upward momentum.
Medium‑term support around the 50‑day SMA (~$154) reinforces buyers near that zone.
The 200‑day SMA sits above price, near $165, signaling that the longer‑term trend remains under pressure.
Momentum Indicators
RSI (14) is in the mid‑50s, reflecting neutral to mild bullish momentum.
MACD shows a bullish crossover with expanding histogram, supporting short‑term upward bias.
Stochastic oscillator is approaching overbought territory, suggesting a possible consolidation ahead.
Bollinger Bands
Price is trading near or just above the upper Bollinger Band on the daily chart, pointing to resistance at this level. A clear breakout above could signal further gains, while a pullback toward the middle band may offer a buying opportunity.
Chart Patterns
A breakout from a symmetrical triangle occurred recently around $156, which often signals a bullish impulse.
A double‑bottom pattern with lows near $135 and a neckline around $155 remains in play. A decisive move above current resistance could target the $170–$195 zone.
A golden‑cross formation is in progress, where shorter moving averages (like 9‑day) are about to cross above mid‑term averages (21‑day). If confirmed with volume, this could drive an upward rally.
Volume & Sentiment
Volume has supported the recent breakout, confirming buyer interest.
Derivatives show elevated call‑to‑put ratios and long positioning among top traders, though rising put premiums suggest some caution.
Trading Scenarios
Bullish: A clean daily close above $162 with strong volume may trigger a move toward $170, and potentially higher into the $185–195 range.
Sideways/Consolidation: If SOL stalls near upper bands, expect consolidation between $155–160, or a dip back to support near $150–154.
Bearish: A breakdown below $154, especially under $150, risks revisiting $140–135 cluster, potentially negating the bullish chart pattern.
Summary
The current technical setup is constructive: short‑term moving averages are aligned bullishly, momentum indicators support upward bias, and key chart patterns favor a breakout scenario. Critical watch levels are $155 (pivot) and $162 (resistance). Clearing these with conviction could open the path to $170–195 targets. However, overbought signals and long‑term trend alignment near $165 warrant caution. A drop below $154 would significantly weaken bulls.
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