Solana (SOL) Technical Analysis on July 11, 2025: Trends and Key Levels

Technical analysis of Solana on July 11, 2025, covering resistance/support levels, indicators, and market trends.

The technical analysis of Solana (SOL) on July 11, 2025, indicates a short-term bullish trend with signs of potential consolidation. The current price of Solana is around $153.6, reflecting a 1.2% increase over the past 24 hours. This upward movement aligns with rising trading volume and positive momentum in the altcoin market, driven by recent growth in Bitcoin and Ethereum, which has energized the broader crypto market. The 4-hour chart shows Solana forming an ascending triangle pattern, which typically precedes a bullish breakout. Key resistance lies between $153.8 and $154.2, a significant zone due to multiple past price rejections and accumulated sell orders. A breakout above this resistance could push Solana toward $165 or higher. Conversely, key support levels are located around $146–$150 and $143, which could serve as potential reversal points. Technical indicators provide critical insights. The RSI is currently around 58, indicating moderate bullish momentum but not yet in overbought territory (above 70). This suggests Solana has room for further growth, though traders should watch for waning momentum. The MACD shows a bullish crossover, confirming short-term upward momentum, but a narrowing gap between MACD lines could signal impending consolidation. Price patterns play a vital role in the analysis. The 4-hour chart displays a cup and handle pattern, recently confirmed at $146, indicating buyer strength. However, a recent fakeout at $154.2 suggests high liquidity in this zone, potentially trapping traders. For traders, waiting for confirmation of reversal patterns, such as bullish engulfing candles or pin bars at support levels, offers a safer strategy. Trading volume reflects growing demand, consistent with the expansion of Solana’s Total Value Locked (TVL), which signals increased participation in DeFi protocols and renewed trust in Solana’s infrastructure. However, recent news about tariff-related risks and geopolitical tensions could impact the altcoin market and should be monitored closely. Overall, Solana is in a short-term bullish phase, but traders should focus on key resistance and support levels. A prudent strategy involves waiting for confirmation of a breakout above $154.2 or a bounce from $146 support. Based on current data, a short-term bullish trend is likely, but consolidation or a pullback to $146 is also plausible.