Technical analysis by aaryamann_shrivastava_bic about Symbol SOL on 7/23/2025

SOLUSDT price has risen 21% in the past week , now trading at $199. Despite breaching the $200 mark, Solana has failed to maintain this level, marking a five-month high. The Net Unrealized Profit/Loss (NUPL) indicator for SOLUSDT shows that profits have reached a five-month high . This signals that many investors are in profit, raising concerns about a potential sell-off. If these factors hold true, SOLUSDT price could decline toward the support levels of $188 or even drop to $176 . A move below these levels could erase a significant portion of the recent gains and shift the altcoin into a bearish trend. However, if investor confidence remains strong and the market continues to show bullish signs, SOLUSDT could stabilize above $200 . Securing this level as support could propel the price back toward $221, invalidating the bearish outlook.