Technical analysis by MangoMan4 about Symbol SOL: Buy recommendation (7/18/2025)

Solana is at a critical breakout point as price pushes against a long-standing horizontal resistance zone between $175–$180. This zone has been tested multiple times since late 2024, making it a significant level to watch. 🔹 Current Price: ~$179.66 🔹 Resistance Zone: $175–$180 🔹 Next Major Supply Zone: $260–$290 🔹 Trendline Support: Still intact and respected since the Q2 lows 📌 Key Setup: SOL is attempting a breakout above the horizontal resistance. Price structure shows a series of higher lows, indicating growing bullish momentum. A weekly candle close above $180 followed by a successful retest would confirm the breakout and could open up upside toward the $260–$290 zone. 📈 Trade Plan: Breakout Entry: After a confirmed weekly close + bullish retest of $175–$180 Invalidation: Break below trendline and failure to hold above $160 Target: $260–$290 zone, where previous supply stepped in 🧠 Patience is key: Wait for confirmation and don’t chase breakout candles. This level has historically acted as a trap — confirmation is critical for safer entries. #Solana #SOLUSDT #CryptoTrading #TechnicalAnalysis #Altcoins #Binance