Since breaking out of a correction period, the price of Solana (SOL) has been on a steady rise. Currently, it sits at $177, attracting the attention of traders and investors.
Technical Indicators and Current Price
The current price of Solana is **$177.64**, which represents a significant increase after dipping below $130 earlier this month. The Relative Strength Index (RSI) is now at **72.10**, indicating potential overbought conditions. However, in a rising market, RSI can remain elevated for extended periods.
This rise comes after a strong breakout from a consolidation zone, marked by consecutive bullish Heikin Ashi candles.
Support and Risk Levels
The chart shows well-defined support and risk levels: * **Immediate support** is around **$160**, the level of the recent breakout. * **Invalidation zone** lies just below **$145**, where previous higher lows were established.
As long as the SOL price holds above $160, the bullish thesis remains intact; otherwise, a pullback could occur.
Price Forecast for July 2025
Based on the current analysis of RSI, Fibonacci levels, and Elliott Wave theory, Solana may continue to rise. Expected price targets are: * **Short-term target:** $200 * **Mid-term target:** $220–$225 * **Support to watch:** $160 * **Bearish invalidation:** below $145
This current breakout is not random; it is backed by structure and technical confirmation, creating favorable conditions for bullish trends.
The price of Solana (SOL) exhibits strong bullish signals, but traders should closely monitor support and resistance levels to mitigate risks.
