SOL Market Trend Analysis 20250616

The weekly chart shows a small bullish candle with long upper and lower shadows, and the trading volume is about a quarter more than the average of the previous two weeks, which is within a normal trading volume range.

The weekly MA30 line has started to turn downward, and the MACD is showing a weakening upward momentum near the zero axis.

At the weekly level, after the decline at the beginning of April touched the weekly MA120 line (95.26), a seven-week oscillating upward rebound trend was formed, with the rebound peak near the weekly MA30 line. After being suppressed, the price made multiple attempts to break through but failed, indicating that the short-term resistance level is this line, and confirming the resistance level with a pullback, leading to a continued price decline.

Currently, at this position, it could rise or fall; if it rises, it will still be under the pressure of the MA30 line, and if it falls, there is joint support from the lower edge of the red box area and the MA120 line (114-120 area).

Continue to buy on dips to prepare for the upcoming main upward wave.