📍#solana Technical Analysis (2025/06/13)

SOL plunged sharply today, breaking down to new lows and hitting oversold territory. Watch 141.53 support and 150, 168 resistance for potential rebound or further decline.

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[Daily]

Trend: The daily chart has broken below all major moving averages and accelerated downward, forming a bearish alignment. RSI sits near 37, MACD is in a sell signal with expanding momentum, and DMI shows DI- dominance with a rising ADX, confirming a strong bearish trend. However, price has reached prior support at 141.53, which could spark a technical relief bounce. Overall bias remains down; wait for oversold conditions to clear before assessing the rebound potential.

🔹 Long Entries:

🛑 Stop Loss: 139.00 (breach resumes bearish)

🟢 Add Zones: 141.53 (triggered), 145.00

🚀 Breakout Add: 150.69

🎯 Take Profit: 150.69, 158.00, 168.36

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[4-Hour]

Trend: The 4H chart shows a violent sell-off into oversold (RSI ≈27), with the MACD histogram flattening, suggesting a technical rebound is due. Monitor 141.53 support and the 145–146 resistance zone for bounce entries.

🔹 Long Entries:

🛑 Trailing Stop: 139.00

🟢 Add Zones: 142.00–144.00 (triggered)

🚀 Breakout Add: 150.69

🎯 Take Profit: 150.69, 158.42, 168.36

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[1-Hour]

Trend: The 1H timeframe is deeply oversold with heavy selling volume and MACD divergence—short-term bounce is likely. If price rallies into the 145–147 zone, look for rejection to resume the downtrend.

🔻 Short Entries:

🛑 Stop Loss: 147.50 (breakout flips bullish)

🟢 Add Zones: 145.00–146.50

🚨 Breakdown Add: 141.53

🎯 Take Profit: 135.00, 128.00

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[Strategy Summary]

⚠️ Recommendation: On the daily chart, consider light long entries between 141.53–141.00 with stop at 139.00, targeting 150.69. If the relief rally stalls at 145–147, scale into 1H shorts in the 145–146.5 zone, stop at 147.50, aiming for 135.00.

Employ dual tactics—oversold bounce longs and rebound shorts for flexibility!