#Tradersleague #SOL Daily Cup and Handle Pattern 🟠
📊 Current Status (June 13, 2025)
The price of
#SOL currently ~146 $ with fluctuations between 142 and 160 $.
Movement forecasts indicate: either a technical rebound from support at 141.5 $ or a correction to 130–135 $ in case of a clear break.
The key technical levels are:
Main Support: 141.53 $ – a rebound is expected if the price reaches this area
Resistances:
The first at 150–153 $ (technical barrier)
The second at 165–168 $ (cup-and-handle pattern for breakout)
🧠 Momentum and Technical Indicators
RSI/MACD (daily – 4h) shows oversold conditions with the start of a positive divergence – indicating a potential short-term rebound
The daily “Cup and Handle” pattern – has resistance at ~165.96 $ and indicates the possibility of strong resistance then a potential breakout🙄
Formation of a “Double Bottom” at ~147 $ supports the idea of a return to 152–155 $ before any further adjustments
🔴 Scenario Entry and Actions Expected Targets:
Rebound from support Buy at 141–142 $ 150 → 153 → 165–168 $
Temporary Rebound Sell at 145–147 $ Return to 135–140 $
Breakout of Resistance Buy after surpassing 153 $ 165 → 180+ $
Break of Support Sell at break of 141 $ 135 → 130–118 $
✅ Quick Recommendation
#SOL at 146 $ currently, within the range of 141.5–153 $ between support and resistance levels. This places it in the middle of a potential technical correction, with an anticipated outlook towards a technical rebound upwards or a downward continuation to 130 $.
And God knows best.
#Malik bmz.