🚀 $SOL Technical Analysis June 18, 2025: PRICE STANDS AT $147.64 WITH BEARISH MOMENTUM 📉
📊 Market Insight • Current Price: 147.64 USDT • Moving Averages (MAs) indicate a bearish trend. • Volume has remained significant, but the recent price decline reflects stronger selling pressure compared to buying interest. • MACD shows a bearish trend. • RSI values are in neutral territory.
📊 Important Levels to Watch 🔼 Resistance Levels: 150.50 (immediate resistance) 153.20 (next significant resistance) 155.20 🔽 Support Levels: 145.61 (recent support level) 144.95 (next significant support) 141.97 (recent low acting as a deeper support)
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $150.50 ☑️ Entry Point: $151.00 (enter if price breaks above 150.50 with bullish momentum confirmation) 🎯 Price Target: TP1: $153.20 TP2: $155.20 🛑 Stop Loss: $150.00 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 150.50, an increase in volume, RSI(6) rising above 50, and MACD showing a bullish crossover with DIF rising above DEA.
🐻 Bearish Trade Setup: Breakdown below $145.61 ☑️ Entry Point: $145.10 (enter if price breaks below 145.61 with bearish momentum confirmation) 🎯 Price Target TP1: $144.95 TP2: $141.97 🛑 Stop Loss (SL): $146.10 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below 145.61, 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 seems more probable given the current price drop below key MAs and the bearish MACD signal, particularly if the price breaks below $145.61 with confirmation. For bullish traders, a recovery above $150.50 could indicate a potential reversal, but the current momentum and neutral RSI suggest caution. Given the volatility, employing tight stop losses is advisable to mitigate risk.
