Solana (SOL) Price Prediction for July 23, 2025
Main Idea
Solana (SOL) price is showing bullish momentum, breaking out of a consolidation zone and approaching key resistance levels, with strong trader participation and technical indicators supporting further upside potential.
Key Points
1. Solana price is near $197.66, up 9% this week, after breaking out of a double cup-and-handle base and reclaiming Smart Money CHoCH levels.
2. Technical indicators like EMAs, Bollinger Bands, and Fibonacci levels suggest bullish momentum, with key resistance at $217.28 (Fib 0.618).
3. Open interest surged to $11.03 billion (up 7.49%) and total volume jumped 77.31% to $45.17B, indicating strong buyer participation.
4. Binance SOL/USDT long/short ratios (2.6088 accounts, 3.277 positions) reflect aggressive long positioning by traders.
5. A close above $217.28 could target $251.32 (Fib 0.786) and $294, while support levels are at $188.25 (20 EMA) and $178.75 (50 EMA).
Description
Solana is pushing deeper into a key resistance region after breaking through a long-standing consolidation zone. Solana price today sits near $197.66, up nearly 9% this week, as bulls build momentum after invalidating multiple bearish structures. The move follows a clean breakout from a double cup-and-handle base and a reclaim of prior Smart Money CHoCH levels, placing SOL near the top of its current range. What’s Happening With Solana’s Price? SOL price dynamics (Source: TradingView) On the dai...
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