Solana Holds the Line ๐ The Daily Chart Report
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Todayโs Summary
Thursday, July 24, 2025
Indices: Nasdaq 100 +0.25% | S&P 500 +0.07% | Dow -0.70% | Russell 2000 -1.36%
Sectors: 3 of the 11 sectors closed higher. Energy led, gaining +0.71%. Consumer Discretionary lagged, falling -1.66%.
Commodities: Crude Oil rose +1.20% to $66.03 per barrel. Gold fell -0.71% to $3,374 per oz.
Currencies: The US Dollar Index rose +0.32% to $97.52.
Crypto: Bitcoin is currently down -0.41% at $118,328. Ethereum is up +2.32% at $3,714.
Volatility: The Volatility Index was little changed (+0.13%) at 15.38.
Interest Rates: The US 10-year Treasury rose to 4.40%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
๐ Today's Chart of the Day was shared by Aaron Jackson (@RotationReport).
- Bitcoin has traded sideways over the past 10 days, digesting its recent gains and consolidating for the next move. Meanwhile, Solana ($SOL), the sixth-largest cryptocurrency, has jumped +15% over the same period.
- Solana has had a wild ride this week. It broke above $180 with authority on Monday before peaking at $205 on Tuesday. After retracing the entire breakout, it found support today right where it all began, at $180.
- $180 has been a polarizing level for Solana over the past year, acting as both support and resistance. If it continues to hold, the next logical target is the prior cycle highs at $250.
The Takeaway: Solana successfully retested $180 today, confirming a major breakout from earlier in the week. If $180 continues to hold, this former leader could quickly make up for lost time. For more on Solana, check out this note.
Quote of the Day
"The public is often right during the trends,
but wrong at both ends"
- Humphrey B. Neill
Top Links
SOL Is Going to $1 Trillion - The Strazza Letter
Steve Strazza makes the case for Solana ($SOL) reaching a trillion-dollar market cap this cycle.
Where on Earth has Stock Market Volatility Gone? - CappNotes
Frank Cappeleri examines the lack of volatility in the market.
Little Giants - Alfonso's Daily Note
Alfonso De Pablos highlights the resurgence in Micro-Caps.
Two-Thirds In Uptrends โ But Somehow Still Weak? ๐งฎ - The Daily Number
Grant Hawkridge looks at the recent improvement in breadth.
The Index Chart Weโre Most Obsessed With - Strategas Asset Management
Todd Sohn discusses sector weightings in the S&P 500 and recent fund flows.