$SOL

🚨SOL June 16th, the bulls just pushed the price above the 20-day moving average (154 USD), but then were firmly held back by the bears at the 50-day moving average (160 USD)!

This situation is a bit like—just getting out of jail, and there are still people at the door not letting you go far!

🧠 Two scenarios will soon determine the outcome:

❌【Bearish Scenario】—Is the head and shoulders pattern about to form?

The bears are aiming for the 140 USD support level, and if it breaks, it would confirm a typical head and shoulders top pattern.

After that, SOL could plunge rapidly, first testing 123 USD, or even heading straight for 110 USD!

✅【Bullish Scenario】—Will the bounce continue to push up?

If 140 USD holds, and SOL can break above the 50-day moving average of 160 USD, it indicates—

The bulls are very strong and aggressive in buying around the 140 USD level!

Next, the price may consolidate and oscillate in the range of 140 to 185 USD.

If it can break above 185 USD, SOL will enter a new upward channel, targeting 210 USD or even higher.