Technical analysis by DeGRAM about Symbol SOL: Buy recommendation (7/31/2025)

📊 Technical Analysis ● SOLUSD is bouncing from the rising trendline support at 177 after a retracement, maintaining structure within a bullish ascending wedge. ● Price holds above the prior resistance-turned-support near 176.9, with a clear path to retest the 205.8 and 219–222 confluence zone. 💡 Fundamental Analysis ● Solana's 30-day DApp volume ranks top 3 among L1s, signaling increased utility. Institutional SOL inflows also continued for a fifth week, per CoinShares. ● Strong user metrics and positive funding rates suggest bullish momentum remains supported on-chain and through derivatives markets. ✨ Summary Buy dips above 177. Targets at 205 ▶ 220. Long setup holds while price stays above 175. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!