🚀 $SOL Technical Analysis June 23, 2025: PRICE STANDS AT $133.60 WITH BEARISH MOMENTUM 📉

📊 Market Insight
• Current Price: 133.60 USDT
• Moving Averages (MAs) indicate a bearish trend.
• Volume has spiked to 18.99M, suggesting continued selling pressure following the recent decline.
• MACD shows a bearish trend.
• RSI values are in neutral territory.

📊 Important Levels to Watch
🔼 Resistance Levels:
133.08 (MA(7))
135.25 (MA(99))
142.60 (recent high)
🔽 Support Levels:
131.54 (near-term support)
126.00 (24h low, potential psychological support)
122.00 (further potential support)

💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $135.25
☑️ Entry Point: $135.50 (enter if price breaks above 135.25 with bullish momentum confirmation)
🎯 Price Target:
TP1: $142.60
TP2: $145.77
🛑 Stop Loss: $134.80 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 135.25, an increase in volume, RSI(6) rising above 70, and MACD showing a bullish crossover with DIF rising above DEA.

🐻 Bearish Trade Setup: Breakdown below $131.54
☑️ Entry Point: $131.20 (enter if price breaks below 131.54 with bearish momentum confirmation)
🎯 Price Target
TP1: $126.00
TP2: $122.00
🛑 Stop Loss (SL): $132.00 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 131.54, a decline in volume, RSI(6) dropping below 50, 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, the bearish MACD signal, and the high volume indicating ongoing selling pressure. The current price is near the support level at $131.54, making it a critical level to monitor. For bullish traders, a recovery above $135.25 could signal a potential reversal, but the neutral RSI and persistent bearish MACD suggest caution. Tight stop losses are recommended to manage risk effectively.

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