Solana - Current Technical Landscape

Current Technical Landscape
Key Support Zone - 20-day EMA (~$178.25): SOL is trading around $180, and a break below this level could lead to a decline towards $171.78. On the other hand, a bounce back would open the way to the $186.40 and $190.47 areas.

Short-Term Weakness and Cooling Activity: Despite growing by over 40% in July, there is now a decline in on-chain activity:

Active Addresses Down 16%
DeFi TVL Down 8%
This could increase bearish pressure in the short term.

Resistance on the 4-hour chart: According to Seeking Alpha, SOL faces strong resistance at the 20-EMA (~$164.78) and below the 50/100-EMA zones (between $170.73 and $174.14), while the downtrend remains dominant.

Structure overview and signals
TipRanks indicators:
General recommendation: Sell
RSI (~43.05): Neutral
MACD: Buy
Stochastic RSI, Williams %R, CCI: Buy
MA 20/50/200: mostly Sell, except MA100 (was Buy)

TipRanks

Support and resistance by Pivot (TipRanks):
Pivot: $166.49
Support: $163.12, $158.24, $154.87
Resistance: $171.38, $174.74, $179.6