๐ After hitting $155.80 in the last 24h, Solana felt selling pressure and pulled back strongly.
Is it an opportunity... or the beginning of more decline? Let's look at the data ๐
๐ Daily Chart - SOL/USDT (July 2025)
๐ข Current price: $146.54 (-5.63% on the day)
๐ป Recent low: $126.00
๐ EMAs 7/25/99:
Price below EMA25 (148.87) and EMA99 (154.03)
The EMA7 crossed down, a sign of weakness in the very short term
๐ก RSI (6): 48.45 โ neutral zone, neither overbought nor oversold
โ Solana attempted to break the 99-day average but failed to sustain above it and was rejected. The movement seems more like a technical pullback, with no confirmation of reversal yet.
๐ก And does DCA make sense here?
โก๏ธ The price is still well above the low at $126.
โก๏ธ Neutral RSI and moving averages indicating indecision.
โก๏ธ Volume is still high, but without clear buying strength.
๐ก In summary: itโs not the best time to start DCA, but it may make sense if:
You already have a strong long-term thesis for SOL
You will use DCA patiently over several weeks
๐ง Why can DCA still be useful?
โ Helps avoid entering at the peak of false movements
โ Reduces the impact of volatility
โ Prevents decisions based on FOMO or fear
๐ซก Remember: not always does a price โdropโ signal a buy.
DCA requires a long-term view, not haste.
๐ This content is educational. It is not a recommendation to buy or sell.
$SOL