Technical analysis by Musarrat_karamat about Symbol SOL: Buy recommendation (7/15/2025)

Solana (SOL) is showing signs of a potential bullish reversal on the 15-minute timeframe after a sharp downtrend. Price has reclaimed key support levels and is preparing for a possible breakout. 📈 Projections & Trade Plan: Entry: 161.24 (above immediate resistance) Stop Loss (SL): 157.23 (below recent swing low) Take Profit (TP): TP1: 165.23 (near previous resistance cluster) TP2: 168.64 (targeting the upper resistance zone) Technical Insights: The price has broken the descending structure and is showing bullish momentum with a clean impulse leg upwards. A minor pullback to the entry zone would provide an optimal long opportunity before continuation towards TP levels. Momentum Indicators: RSI is trending upwards at 55.56, indicating strengthening buying pressure. Multiple bullish divergences can be observed, which align with the reversal thesis. ⚡ Bias: Bullish If price holds above 161.24 and confirms breakout strength, we can expect a move toward 165.23 and potentially extend to 168.64. However, failure to hold above 161.00 may invalidate the setup.