📌 Technical Analysis – Solana ($SOL )
📍 Date: June 3, 2025
🔔 Strong technical reversal in formation!
The Solana coin has seen a sharp rebound from its recent low at $150.59, returning strongly above $160 supported by clear upward momentum on the 4-hour timeframe, indicating the possibility of continued upward movement in the near term.
🔍 The technical reading indicates the following:
✅ Buying strength has returned to the market
✅ Clear increase in trading volumes
✅ Attempt to break resistance at $165 with market eyes on $175 as a pivotal level
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🎯 Proposed Trading Plan (Long Position):
📥 Entry Zone: $161.50 – $163.00
🎯 TP1: $167.50
🎯 TP2: $172.00
🎯 TP3: $179.00
🛡️ Stop Loss (SL): $157.80
📈 This pattern reflects clear confidence from buyers, and we expect to see a push towards new levels if $165 is broken with a clear close.
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📌 Note from Tradexel_FX:
This analysis is not a direct financial recommendation, but a technical view based on current market data. Always manage trading risks.
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