Solana Technical Analysis: Market Outlook on July 7, 2025

Technical analysis of Solana on July 7, 2025, exploring support/resistance zones, indicators, and trends.

As of July 7, 2025, Solana (SOL) is trading around $146.99, with a marginal 0.01% change in the past 24 hours. The market is currently in a consolidation phase with a bullish bias, as traders await clear signals for the next price move. This technical analysis explores key support and resistance zones, common indicators, and the overall market trend. Support and Resistance Zones The key support zone for Solana lies between $146 and $150. This range has recently acted as a strong demand zone, with the price bouncing multiple times after touching this level. On the other hand, the main resistance is observed between $165 and $170, aligning with recent highs from June 2025. A breakout above this resistance could push Solana toward higher targets like $183 or even $200. Indicator Analysis The Relative Strength Index (RSI) on the daily timeframe is between 48 and 54, indicating neutral to mild bullish momentum. On the 4-hour chart, RSI is at 52, suggesting relative buyer strength but not yet approaching the overbought region (above 70). The Williams %R indicator, at -55, is in neutral territory, supporting the potential for continued upward movement. Moving averages (EMA/SMA) confirm a long-term bullish trend. The 50-day moving average remains above the 200-day moving average, signaling sustained upward momentum. The price recently bounced off the 50-day moving average as dynamic support, a positive sign for buyers. Price Pattern Analysis Solana is currently moving within a short-term descending channel, recently bouncing from the channel’s lower bound around $146. Some analysts have noted a potential double-bottom pattern on the daily chart, which could signal a bullish reversal. However, if the $146 support breaks, a correction to $140 or even $126 is possible. Potential Scenarios Bullish Scenario: If Solana consolidates above $170 with increased trading volume (over 20% above the 20-day average), it could target $183 or $200. Bearish Scenario: A break below $146 could see sellers take control, pushing the price toward $140 or $126. Conclusion Based on current data, Solana is in a short-term bullish trend, though consolidation risks remain at current levels. Fundamental factors, such as the Total Value Locked (TVL) growth from $396 million in December 2022 to $8.69 billion by July 2025, reflect increasing confidence in Solana’s network. Traders should closely monitor key support and resistance zones and await confirmation from indicators and price patterns.