🚀 $SOL Technical Analysis June 24, 2025: PRICE STANDS AT $143.29 WITH BULLISH MOMENTUM 📈
📊 Market Insight
• Current Price: 143.29 USDT
• Moving Averages (MAs) indicate a bullish trend.
• Volume has increased significantly to 4.53M SOL (626.04M USDT), suggesting strong buying interest following the recent rise.
• MACD shows a bullish trend.
• RSI values are in bullish territory, not yet overbought.
📊 Important Levels to Watch
🔼 Resistance Levels:
146.92 (24h high)
150.00 (psychological resistance)
154.00 (further potential resistance)
🔽 Support Levels:
140.30 (near-term support)
137.48 (MA(25))
130.68 (24h low)
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $146.92
☑️ Entry Point: $147.10 (enter if price breaks above 146.92 with bullish momentum confirmation)
🎯 Price Target:
TP1: $150.00
TP2: $154.00
🛑 Stop Loss: $146.20 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 146.92, an increase in volume, RSI(6) rising above 70, and MACD showing a bullish crossover with DIF continuing to rise above DEA.
🐻 Bearish Trade Setup: Breakdown below $140.30
☑️ Entry Point: $139.90 (enter if price breaks below 140.30 with bearish momentum confirmation)
🎯 Price Target:
TP1: $137.48
TP2: $130.68
🛑 Stop Loss (SL): $141.00 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 140.30, a decline in volume, RSI(6) dropping below 50, and the MACD showing a bearish trend with DIF falling below DEA.
📌 Suggestion to Open Positions Today:
A bullish setup appears more probable given the current price rise above key MAs, the bullish MACD signal, and the high volume indicating strong buying pressure. The current price is near the 24h high at $146.92, making it a critical level to monitor for a potential breakout. For bearish traders, a drop below $140.30 could signal a reversal, but the strong RSI and bullish MACD suggest caution. Tight stop losses are recommended.
