🚀 “Solana Breaks the Downtrend Channel – Is It Paving the Way to $195?” 💥
📅 June 25, 2025
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📌 Current Price:
**$145.77** (slightly up today)
Ranging today between $142.59 and $146.38
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🔍 Technical Development:
1. Reversal Pattern + Channel Breakout
SOL has broken free from the recent downtrend channel, bouncing back strongly today – a first sign of a trend reversal 🔁.
2. Key Support:
**$140–$142**: Recently bounced back strongly from this level, reinforcing the strength of the current bottom.
3. Nearby Resistances:
The first resistance at $146–$148 was established by today’s bounce,
and if broken with high volume, the next target is at $171.76, then $195 (potential increase of about +35%).
4. Technical Indicators Support Growth:
A Bullish Wedge is forming on the weekly chart, which could lead to an initial target at $163.8, then $195 if surpassed.
The RSI indicator is near neutrality, suggesting there is upward momentum without being overbought.
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🎯 Trading Scenarios:
Bullish:
Enter after breaking $148 with strong trading volume, with an initial target of $171.8 then $195.
Corrective:
Breaking the support price at $142 could lead to a correction to $130–$125 in the short term.
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🧩 Actionable Strategy:
Direction Entry Stop Loss First Target Second Target
HODL $144–$146 Under $142 $171.8 $195
Swing/Short-term After breaking $148 Under $146 $171.8 $195
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