๐ $SOL Technical Analysis June 27, 2025: PRICE STANDS AT $141.98 WITH BEARISH MOMENTUM ๐
๐ Market Insight
โข Current Price: 141.98 USDT
โข Moving Averages (MAs) indicate a bearish shift.
โข Volume has decreased, reflecting reduced market activity and potential consolidation or ongoing selling pressure.
โข MACD shows a bearish trend.
โข RSI values are neutral.
๐ Important Levels to Watch
๐ผ Resistance Levels:
148.00
150.00
154.00
๐ฝ Support Levels:
141.00 (current psychological level)
139.98 (near MA(99))
137.14 (recent low)
๐ก TRADE PLANS:
๐ Bullish Trade Setup: Breakout above $148.00
โ๏ธ Entry Point: $148.20 (enter if price breaks above 148.00 with bullish momentum confirmation)
๐ฏ Price Target:
TP1: $150.00
TP2: $154.00
๐ Stop Loss: $147.50 (below the resistance to manage risk)
โ ๏ธ Confirmation: Look for a strong bullish candle close above 148.00, an increase in volume, RSI(6) rising above 60, and MACD showing a bullish crossover with DIF rising above DEA.
๐ป Bearish Trade Setup: Breakdown below $141.00
โ๏ธ Entry Point: $140.80 (enter if price breaks below 141.00 with bearish momentum confirmation)
๐ฏ Price Target:
TP1: $139.98
TP2: $137.14
๐ Stop Loss (SL): $141.50 (above the current support)
โ ๏ธ Confirmation: Watch for a strong bearish candle close below 141.00, a decline in volume, RSI(6) dropping below 40, and the MACD showing a bearish trend with DIF falling further below DEA.
๐ Suggestion to Open Positions Today:
The neutral RSI suggests room for further movement in either direction, but the recent drop from $143.96 to $141.98 hints at continued selling pressure. A breakout above $148.00 could signal a reversal, while a drop below $141.00 might accelerate the bearish trend. Given the reduced volume and mixed indicators, caution is advisedโwait for confirmation signals before entering trades. Tight stop losses are recommended to manage risk in this volatile environment.
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