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Bullish
𝗦𝗢𝗟 𝗖𝗼𝗶𝗻 𝗠𝗮𝗿𝗸𝗲𝘁 𝗜𝗻𝘀𝗶𝗴𝗵𝘁! 📈
$SOL /USDT is trading at $156.57 on Binance, reflecting a 1.87% daily decline with a 24-hour range between $163.64 and $154.14! 📊 The 1-day chart shows a recent 0.89% uptick, with SOL rebounding from a brief dip below $155 earlier this week, supported by a robust 389.92M USDT and 2.45M SOL in trading volume. 💹 The Volume SMA at 521.227K indicates steady market participation, suggesting a consolidation phase after a volatile May.
**Technical Insights**
The candlestick pattern reveals a mix of green and red bars, with SOL recently testing resistance near $160 before pulling back. Key support is forming around $154, aligning with the 24-hour low, while the next resistance at $165—a psychological level from late May—could be in play if bullish momentum returns. 💪 The 50-day SMA is trending at $153, providing a strong support base, while the 200-day SMA at $148 suggests a long-term uptrend. The Relative Strength Index (RSI) is around 48, indicating neutral momentum with potential for a bounce if volume increases. A break below $154 might push SOL toward $150, whereas a move above $165 could target $170, a previous high from early June. 📈
**Market Sentiment**
Solana (SOL), the native token of the high-performance Solana blockchain, continues to attract attention for its scalability and low transaction costs, making it a favorite among DeFi and NFT projects. Recent posts on X highlight mixed sentiment, with some users optimistic about Solana’s ecosystem growth—driven by new dApp launches and staking rewards—while others caution about broader market corrections, with Bitcoin steady at $109,682.10 and Ethereum at $2,570.20. 📡 The current dip may reflect profit-taking after a 15% gain in the past month, but the steady volume suggests underlying support. On June 4, 2025, traders should watch the $154 support level—if it holds, a rebound toward $165 is plausible; if breached, $150 could be tested.
#TwinsTulip #BinanceAlphaAlert #USStockDrop #MarketPullback
$SOL /USDT is trading at $156.57 on Binance, reflecting a 1.87% daily decline with a 24-hour range between $163.64 and $154.14! 📊 The 1-day chart shows a recent 0.89% uptick, with SOL rebounding from a brief dip below $155 earlier this week, supported by a robust 389.92M USDT and 2.45M SOL in trading volume. 💹 The Volume SMA at 521.227K indicates steady market participation, suggesting a consolidation phase after a volatile May.
**Technical Insights**
The candlestick pattern reveals a mix of green and red bars, with SOL recently testing resistance near $160 before pulling back. Key support is forming around $154, aligning with the 24-hour low, while the next resistance at $165—a psychological level from late May—could be in play if bullish momentum returns. 💪 The 50-day SMA is trending at $153, providing a strong support base, while the 200-day SMA at $148 suggests a long-term uptrend. The Relative Strength Index (RSI) is around 48, indicating neutral momentum with potential for a bounce if volume increases. A break below $154 might push SOL toward $150, whereas a move above $165 could target $170, a previous high from early June. 📈
**Market Sentiment**
Solana (SOL), the native token of the high-performance Solana blockchain, continues to attract attention for its scalability and low transaction costs, making it a favorite among DeFi and NFT projects. Recent posts on X highlight mixed sentiment, with some users optimistic about Solana’s ecosystem growth—driven by new dApp launches and staking rewards—while others caution about broader market corrections, with Bitcoin steady at $109,682.10 and Ethereum at $2,570.20. 📡 The current dip may reflect profit-taking after a 15% gain in the past month, but the steady volume suggests underlying support. On June 4, 2025, traders should watch the $154 support level—if it holds, a rebound toward $165 is plausible; if breached, $150 could be tested.
#TwinsTulip #BinanceAlphaAlert #USStockDrop #MarketPullback
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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