🚀 $SOL Technical Analysis June 20, 2025: PRICE STANDS AT $145.37 WITH BEARISH MOMENTUM 📉

📊 Market Insight
• Current Price: 145.37 USDT
• Moving Averages (MAs) indicate a bearish trend.
• Volume has remained significant at 6.959M, 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 (MA(99))
153.20
158.80
🔽 Support Levels:
145.00

142.92
141.97

💡 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: $158.80
🛑 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 $142.92
☑️ Entry Point: $142.50 (enter if price breaks below 142.92 with bearish momentum confirmation)
🎯 Price Target
TP1: $141.97
TP2: $140.00 (potential further support level)
🛑 Stop Loss (SL): $143.50 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 142.92, 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 probable given the current price drop below key MAs and the bearish MACD signal, especially if the price breaks below $142.92 with confirmation. The current price is hovering near immediate support at $145.00, making it a critical level to watch. For bullish traders, a recovery above $150.50 could signal a potential reversal, but the neutral RSI and bearish MACD suggest caution. Employing tight stop losses is advisable.

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