⏰ Updated at 15:24 on 07/08/2025
Observing the current chart $SOL , I see that the price behavior is quite healthy after a strong bounce from the $155 area. SOL has recently reached its peak at $170.48 and is currently fluctuating around $169. So, is this the 'rest' area before continuing to break out? Let's take a closer look at each time frame:
🕓 4h frame – Re-accumulating above the MA25, not violating the trend
On the 4h frame, SOL has risen strongly from the bottom of $155.72 and is testing the $169 – $170 area after a technical pullback. The price is still holding above MA7 ($168.07) and MA25 ($165.31), indicating that the medium-term trend is still being maintained.
MACD maintains green, positive histogram, indicating that buying pressure is still dominant. RSI(6) around 65 – a quite strong signal, not overbought.
📌 Summary of this frame: SOL is re-accumulating above the breakout area. If it holds above $166 – $167, the likelihood of continuing the upward trend is very high.
⏱️ 1h frame – Clear rebound, reclaiming all MAs
On the 1h frame, SOL has rebounded strongly from the bottom of $161.04 with a very long green candle, pushing the price above MA7 – MA25 – MA99. It is currently fluctuating steadily around the $169 – $170 area.
MACD remains above zero, RSI(6) has risen to 76 indicating that a slight rest may be needed before continuing to bounce.
📌 Assessment: This is a noteworthy breakout. If it maintains $167.5, it could soon test and break $170.48.
🕒 15-minute frame – Slight fluctuations but building a short-term bottom
On the 15-minute frame, SOL has some good wick candles around the $168.2 – $169 area, indicating that buying support is still present in the short term.
RSI(6) at around 71, MACD remains positive – indicating that the recovery momentum is still being maintained.
📌 Prediction: If it does not break $169, the price may bounce back to the $171 – $172 area.
📌 Summary of personal perspective:
SOL is slightly adjusting after a good rise, but the trend structure remains strong. Larger frames support the upward trend, while smaller frames are showing signs of positive recovery.
🎯 Personal trading setup:
Long if the price maintains support
Entry: $168.5 – $169.2
Stop Loss: $166
Take Profit 1: $171
Take Profit 2: $173
TP3 extended: $176 – $178 if there is a strong breakout
📌 Order management: When TP1 is reached, you can move SL to break even to reduce risk.
🚀 The scenario I am monitoring:
🔸 Bull case: SOL stays above $168 → breaks $170.48 to return to the $173 – $176 area
🔸 Bear case: If it loses $166 → risks of adjusting to the $162 – $160 area
👇 Are you confident to hold SOL? Or will you wait for a pullback to buy more? Share your perspective!
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