SOL Market Trend Analysis 20250617

The hourly trend is synchronized with Bitcoin, first rising and then falling.

The daily line shows a small bearish candle with a long upper shadow, and the trading volume is about a quarter more than the previous day, which is a normal trading volume.

The daily MA30 line maintains a downward trend, and the MACD shows a weakening downward momentum near the zero axis.

After the hourly level rises and the price approaches the daily MA30 line, it encounters upward resistance; the price does not break through further but instead chooses to follow Bitcoin in a downward correction.

After the downward adjustment at the daily level, there will still be a rebound, but overall the daily level is in a downtrend; the rises are all rebounds, not reversals.

The large range of oscillation will continue; buy spot at low points and wait for the rise after the bottom formation and the main upward wave.

Daily level resistance at 156-165-177, support at 142-134-120-110