Technical analysis by FXOnTop about Symbol SOL: Sell recommendation (7/8/2025)

Hi traders! , Analyzing SOL/USD on the 30-minute timeframe, price is currently moving within a defined descending channel, respecting lower highs and lower lows. A recent rejection from the channel top suggests continuation to the downside.🔹 Entry: 150.09🔹 Take Profit (TP): 145.47🔹 Stop Loss (SL): 154.51The price failed to hold above the 200 EMA and has resumed its downward trajectory. The RSI shows a recent bounce from overbought levels, supporting the bearish momentum. This short setup offers a favorable risk-reward ratio within the context of the broader downtrend.A clean rejection at resistance and confirmation of the trendline add confluence to this trade idea. Keep an eye on the 145.47 zone, where buyers may attempt to defend the support.⚠️ DISCLAIMER: This is not financial advice. Every trader is responsible for their own decisions and risk management.😔