7.20 SOL Analysis

SOL surged to 77.39, hitting the upper Bollinger Band and forming a pulse top. Long-side extension momentum quickly exhausted, and a long upper-wick candlestick released heavy sell pressure at high levels. After the price broke away from the upper-band suppression zone, it repeatedly closed lower candles and declined continuously. The upper-band line turned and converged, signaling the end of this upward impulse wave. RSI across multiple timeframes also turned downward in sync; short-term indicators entered a neutral-to-bearish range. Momentum incremental gains kept collapsing, with no effective dip-buying support to sustain a rebound. The price has completed mean reversion to the Bollinger midline at 76.16, the key line between bulls and bears. The current mild rebound is merely a passive oversold repair at the end of an upswing—an upside-fake breakout pattern. The rebound pressure zone is suitable for setting up short positions.

Resistance: 76.80, swing high 77.39;
Support: Core pivot 76.16, defense 75.53.

Trading suggestion: 77-81, targets 74-70-65.