Solana (SOL) Price Prediction for July 11
2025-07-10 11:42:33
Main Idea
Solana (SOL) price has broken out from a symmetrical triangle, showing bullish momentum with potential to reach higher resistance levels, supported by technical indicators and derivatives data.
Key Points
1. Solana price broke above the symmetrical triangle apex around $156, flipping Bull Market Support Band and EMAs into support.
2. Price is testing the $158–$160 resistance zone, with potential to reach $164 if bullish momentum holds.
3. Technical indicators (RSI, MACD, DMI, CMF) confirm bullish momentum, with RSI at 62.91 and MACD showing a positive crossover.
4. Derivatives data shows a 27.34% rise in SOL volume to $14.34B and a 4.25% increase in open interest to $7.41B.
5. Short-term outlook suggests potential targets of $168 and $175 if $160–$162 is cleared, with support at $152.73 and $148.64.
Description
Solana price today is trading at $158.60 after a clean breakout from a long-standing symmetrical triangle. This structure, visible on the daily chart since March, has now resolved to the upside. However, derivatives sentiment and elevated put positioning suggest that while the technical setup is bullish, caution remains warranted as traders price in macro uncertainty following the FOMC tone shift. What’s Happening With Solana’s Price? SOL price dynamics (Source: TradingView) The daily chart conf...
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