SOL Market Trend Analysis 20250613

The daily level has seen five consecutive daily gains, but within three days, it has dropped back down. The price has been unable to break through the MA30 line's resistance for the past few days, which is also near the upper edge of the red box area. Therefore, it can only follow Bitcoin downwards, which confirms what we have always said: ultimately, we must look to Bitcoin's movements.

The daily MA30 line indicates a downward trend, so the upcoming price increases in the next period will be rebounds rather than reversals. The MACD shows an increase in downward momentum below the zero line, and the downtrend has not yet stopped. We are waiting for the downtrend to halt to buy at a lower price for a short-term long position, which will be around 142, with a rebound possibly reaching around 153.

Next, SOL will still be in a broad range of fluctuations between 120-160-180 for a longer cycle, waiting for the last wave of craziness in the bull market.

Daily level resistance at 156-167-177, support at 142-134-120-110.