SOL Market Trend Analysis 20250612

The hourly level daytime trend is rarely not following Bitcoin's oscillation downwards, but in the evening, after a price spike, it fell alongside Bitcoin. It seems we still have to pay attention to Bitcoin's movements.

The daily chart shows a small bearish candlestick with upper and lower shadows, breaking the consecutive bullish trend of the daily chart. The trading volume is slightly larger than the previous day, and the daily MA30 line is still in a downtrend. After briefly breaking the MA30 line, the price was still suppressed and closed below the daily MA30 line. The short-term trend remains a rebound rather than a reversal.

The range of 177-187 given yesterday was not reached; the price didn’t even break 170 before coming down. The daily MACD is still in a slightly enhanced upward momentum state, so there is hope for a correction to push up again.

However, if Bitcoin is to fall and adjust, SOL will definitely also drop back.

The daily level resistance is at 177-188-196 and support is at 161-154-142-134-120-110.