SOL Market Trend Analysis 20250607

The hourly trend is also moving in sync with Bitcoin. After a downward trend on the hourly level, it has started to rebound, but the strength of the rebound is noticeably much weaker, and the upward pressure is relatively greater.

The daily line shows a small bullish candle with a long upper shadow, and the trading volume is about half of the previous day's volume, roughly in line with the average daily trading volume of the past few days, indicating a rebound after a quick decline under normal trading volume.

The daily MA30 line has begun to turn downwards, and the MACD has crossed below the zero axis. In the coming days, it will follow Bitcoin's fluctuations, waiting to choose a direction.

The trend of SOL is much weaker compared to Bitcoin, and the price will still oscillate in the red box area (120-180). It is still worth buying on dips in preparation for the bullish tail brought by the upcoming interest rate cuts.

This wide oscillation process is expected to last at least until October, after which there may be a chance for a change. Therefore, in the coming months, the strategy should be to sell high and buy low.

The daily level resistance points are 153-163-177-186-196, and support points are 140-136-130-125-110.