๐ $SOL Technical Analysis June 30, 2025: PRICE STANDS AT $151.79 WITH BULLISH MOMENTUM ๐
๐ Market Insight
โข Current Price: 151.79 USDT
โข Moving Averages (MAs) indicate a bullish shift.
โข Volume has increased to 38,447,061, reflecting solid market activity and potential buying pressure.
โข MACD shows a bullish trend.
โข RSI values are in the neutral to overbought territory.
๐ Important Levels to Watch
๐ผ Resistance Levels:
155.00
157.00
160.00
๐ฝ Support Levels:
150.13
148.00 (near MA(25))
145.00
๐ก TRADE PLANS:
๐ Bullish Trade Setup: Breakout above $155.00
โ๏ธ Entry Point: $155.20 (enter if price breaks above 155.00 with bullish momentum confirmation)
๐ฏ Price Target:
TP1: $157.00
TP2: $160.00
๐ Stop Loss: $154.50 (below the resistance to manage risk)
โ ๏ธ Confirmation: Look for a strong bullish candle close above 155.00, an increase in volume, RSI(6) rising above 70, and MACD showing a bullish crossover with DIF rising further above DEA.
๐ป Bearish Trade Setup: Pullback below $150.13
โ๏ธ Entry Point: $149.90 (enter if price drops below 150.13 with bearish momentum confirmation)
๐ฏ Price Target:
TP1: $148.00
TP2: $145.00
๐ Stop Loss (SL): $150.50 (above the current support)
โ ๏ธ Confirmation: Watch for a strong bearish candle close below 150.13, a decline in volume, RSI(6) dropping below 50, and the MACD showing a bearish trend with DIF falling below DEA.
๐ Suggestion to Open Positions Today:
The MACD indicates a potential bullish crossover, and the volume supports the price action. However, the RSI is approaching overbought levels, suggesting a possible short-term pullback or consolidation. A breakout above $155.00 could drive the price toward $157.00 or higher, while a drop below $150.13 might signal a correction. Given the steady volume and bullish indicators, a cautious bullish approach is favored, but tight stop losses are recommended to manage the risk of a reversal. Wait for confirmation signals before entering trades.
