🚀 $SOL Technical Analysis June 17, 2025: PRICE STANDS AT $153.20 WITH BEARISH MOMENTUM 📉
📊 Market Insight • Current Price: 153.20 USDT • Moving Averages (MAs) indicate a potential shift from bullish to bearish trend. • Volume has increased significantly, but the recent price drop suggests selling pressure outweighing buying interest. • MACD shows a bearish trend. • RSI values are in neutral territory.
📊 Important Levels to Watch 🔼 Resistance Levels: 155.20 (immediate resistance) 158.80 (next significant resistance) 🔽 Support Levels: 149.95 (recent support level) 147.47 (next significant support based on 24h low) 141.97 (recent low acting as immediate support)
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $155.20 ☑️ Entry Point: $155.50 (enter if price breaks above 155.20 with bullish momentum confirmation) 🎯 Price Target: TP1: $158.80 🛑 Stop Loss: $154.50 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 155.20, a surge in volume, RSI(6) rising above 50, and MACD showing a bullish crossover with DIF rising above DEA.
🐻 Bearish Trade Setup: Breakdown below $149.95 ☑️ Entry Point: $149.50 (enter if price breaks below 149.95 with bearish momentum confirmation) 🎯 Price Target TP1: $147.47 TP2: $141.97 🛑 Stop Loss (SL): $150.50 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below 149.95, a decline in volume, RSI(6) dropping below 30, and the MACD continuing to show a bearish trend with DIF falling further below DEA.
📌 Suggestion to Open Positions Today: A bearish setup appears more likely given the recent price drop below key MAs and the bearish MACD signal, especially if the price breaks below $149.95 with confirmation. For bullish traders, a rebound above $155.20 could signal a recovery, but the current momentum and RSI suggest caution. Tight stop losses are highly recommended due to the volatile price action.
