Technical analysis by SiDec about Symbol SOL: Buy recommendation (7/24/2025)

SOL has finally broken through the $180 barrier decisively — a key zone it failed to clear back in May. Now we’re seeing a retest, which may offer one final dip before continuation. Let’s break down the next high-conviction long opportunity. 🧩 Key Retest Zone: $182–$180 ➡️ Retesting Prior Resistance as Support SOL broke above $180 with conviction and is now pulling back. ➡️ First Reaction at $184 A clean bounce occurred at the anchored VWAP, but this might not be the final low. ➡️ Strong Confluence at $180–$182 Zone This zone is packed with support elements: Weekly Open (wOpen): $181.44 nPOC: $180.85 Anchored VWAP: ~$179.90 0.5 Fib retracement (of the larger wave) 0.786 Fib retracement (of the smaller wave) 0.618 Fib Speed Fan — projected for tomorrow’s price path 1H 200 & 233 SMAs supporting from below SOL is currently trading at yOpen — another key pivot level to watch 🟢 Long Trade Setup Entry: Laddered between $182–$180 (ideal long entry would be at wOpen) Stop-loss: Invalidation at $173.35 Target (TP): TBFE 1.0: $218.45 / 0.618 Fib retracement: $219.21 R:R: ~1:4.5 Potential Move: ~+20% 🛠 Indicator Used: DriftLine — Pivot Open Zones For this analysis, I’m using my own published indicator called "DriftLine – Pivot Open Zones [SiDec]" feel free to check it out on my profile. It helps identify and visualise critical opens (daily, weekly, previous days), providing real-time support/resistance zones. ➡️ You can use it for free — just check my profile under “Scripts” and add it to your chart. 💡 Pro Tip: Support Zones Are Stronger with Confluence Don’t rely on a single fib or level. When opens, VWAPs, SMAs, and fibs cluster, the probability of a strong reaction increases. This is how smart traders define clear entries and invalidation. _________________________________ 💬 If you found this helpful, drop a like and comment! Want breakdowns of other charts? Leave your requests below.🚨 SOL Update Price has found support at a strong confluence zone: ➡️ 0.618 fib retracement of the current move ➡️ 0.382 fib of the entire bull run from the start ➡️ Weekly level — all aligning around $176 We’ve seen a solid bounce off this zone with TP1 secured, we now monitor for continuation. Invalidation remains clear for the rest of the setup. Let’s see if bulls push through. 📈👀🚨 SOL Update SOL is currently stuck in a trading range right at the yearly open resistance no surprise here, given it’s the weekend. 🟢 A new long opportunity is shaping up between the bpdOpen and wOpen, with confluence backing the zone: ➡️ 1.0 & 1.272 Trend-Based Fib Extensions ➡️ Imbalance (FVG) waiting to be filled ➡️ 0.75 Fib Speed Fan acting as dynamic support ➡️ All stacked within a high-probability reaction zone 🛡️ Invalidation is clear — any breakdown below the weekly open (wOpen) would void this setup.🚨 SOL Update #3 SOL’s been bouncing cleanly off golden pockets ➡️ Next long opportunity is shaping up at the 0.618 fib retracement around $183.13 ➡️ That zone also lines up with a liquidity pocket, making it a solid confluence area to watch