Technical analysis by FenzoFxBroker about Symbol SOL: Buy recommendation (8/6/2025)

FenzoFx—Solan trades sideways, slightly above the previous day's high. Sol's price did not rise while other cryptocurrencies, such as LTC, had a significant surge in price this week. Therefore, we expect the price to rise, and we will be bullish on this cryptocurrency. The immediate resistance is at $167.5. From a technical perspective, we expect a bullish move toward the previous day's high at $171.7 if this level breaks. If this scenario unfolds, we can market this level as a break of structure. Please note that the bullish outlook should be invalidated if Solana falls below the previous day's low. If this scenario unfolds, the current bearish momentum will likely target $155.7.