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Solana price collects profits - Analysis - 23-07-2025
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Solana price collects profits - Analysis - 23-07-2025
Jul 23, 2025 9:56 AM

Solana (SOLUSDT) declined in its recent intraday trading, as the price moves to take profits from earlier gains while also working to relieve its clearly overbought RSI conditions, especially with emerging bearish signals. This consolidation may help the asset gather renewed bullish momentum. The short-term corrective uptrend remains intact, supported by movement along an ascending trendline and continued trading above the 50-day SMA, which reinforces the trends stability.

Therefore we expect the price to rise in upcoming intraday sessions, as long as support at 184.80 holds, targeting the resistance level at 223.20.

Todays price forecast: Bullish.

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