Technical analysis by EbonyFalcon about Symbol SOL: Buy recommendation (8/11/2025)

I bought more Solana, opened a leveraged long position and also opened an option trading over the weekend. I think Solana is about to end the 18th month's consolidation and is getting ready to move to the upside. Reasons for my directional bias: 1) RSI lines crossed at 50 area and are moving to the upside. 2) MACD stayed in the bull zone and lines have crossed to the upside. 3) EMA 55 crossed above EMA200 on 24th July. As I said in the previous articles, when they cross, the price often pulls back significantly and retests some key areas. The price dropped to Fib 0.618, found support and it is now moving to the upside. (green vertical line in the chart) 4) EMA21>EMA55>EMA200 - all EMAs are pointing to the upside (not horizontal) 5) $185 -$200 has been working as a strong liquidity zone. It has been difficult to break above and stay above, but I think it has enough momentum to start the next leg up. 6) In the monthly chart, RSI lines and MACD lines are above to cross to the upside. The last time that happened was Oct 2023. The price consequently moved from $20 ro $210 (Fib 0.786) in a matter of 6 months. And it was when EMA55 crossed above EMA200 in the daily chart and price pulled back and retested Fib 0.618. (Red vertical line)