Solana (SOL) Price Prediction for July 11
The post Solana (SOL) Price Prediction for July 11 appeared on BitcoinEthereumNews.com. Solana price today is trading at $158.60 after a clean breakout from a long-standing symmetrical triangle. This structure, visible on the daily chart since March, has now resolved to the upside. However, derivatives sentiment and elevated put positioning suggest that while the technical setup is bullish, caution remains warranted as traders price in macro uncertainty following the FOMC tone shift. What’s Happening With Solana’s Price? SOL price dynamics (Source: TradingView) The daily chart confirms that Solana price has broken above the triangle apex around $156, flipping both the Bull Market Support Band and dynamic EMAs into support. Price is now pushing against the $158–$160 resistance zone, with short-term momentum favoring a continuation toward $164 if bulls hold. SOL price dynamics (Source: TradingView) On the 4-hour chart, SOL has surged above the Bollinger Band midline and is now testing the upper band at $159.20. All EMAs (20/50/100/200) are stacked in bullish alignment, reinforcing the current uptrend. The Supertrend indicator has also flipped green on the 4H timeframe at $150.75, supporting a bullish intraday bias. The trendlines confirm this breakout, with price moving beyond the resistance at $152.73 and no bearish breaks showing up across major trend channels. This structural push sets the stage for testing higher liquidity zones between $162 and $168. Why Is The Solana Price Going Up Today? Why Solana price going up today is tied to the triangle breakout and strong EMA support. However, not all sentiment is bullish. The derivatives market is showing signs of hedging despite the rally. Between July 7 and July 9, the SOL call/put ratio shifted from 0.35 to 1.19, meaning more traders are now betting on downside protection. Put premiums have risen significantly, reflecting cautious sentiment amid growing uncertainty around the Federal Reserve’s rate outlook. FOMC meeting minutes triggered speculation about potential…
The post Solana (SOL) Price Prediction for July 11 appeared on BitcoinEthereumNews.com.
Solana price today is trading at $158.60 after a clean breakout from a long-standing symmetrical triangle. This structure, visible on the daily chart since March, has now resolved to the upside. However, derivatives sentiment and elevated put positioning suggest that while the technical setup is bullish, caution remains warranted as traders price in macro uncertainty following the FOMC tone shift. What’s Happening With Solana’s Price? SOL price dynamics (Source: TradingView) The daily chart confirms that Solana price has broken above the triangle apex around $156, flipping both the Bull Market Support Band and dynamic EMAs into support. Price is now pushing against the $158–$160 resistance zone, with short-term momentum favoring a continuation toward $164 if bulls hold. SOL price dynamics (Source: TradingView) On the 4-hour chart, SOL has surged above the Bollinger Band midline and is now testing the upper band at $159.20. All EMAs (20/50/100/200) are stacked in bullish alignment, reinforcing the current uptrend. The Supertrend indicator has also flipped green on the 4H timeframe at $150.75, supporting a bullish intraday bias. The trendlines confirm this breakout, with price moving beyond the resistance at $152.73 and no bearish breaks showing up across major trend channels. This structural push sets the stage for testing higher liquidity zones between $162 and $168. Why Is The Solana Price Going Up Today? Why Solana price going up today is tied to the triangle breakout and strong EMA support. However, not all sentiment is bullish. The derivatives market is showing signs of hedging despite the rally. Between July 7 and July 9, the SOL call/put ratio shifted from 0.35 to 1.19, meaning more traders are now betting on downside protection. Put premiums have risen significantly, reflecting cautious sentiment amid growing uncertainty around the Federal Reserve’s rate outlook. FOMC meeting minutes triggered speculation about potential…
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