$BTC $ETH $XRP #StrategyBTCPurchase Here is an updated technical analysis for Solana (SOL) based on the current market movement until July 2, 2025:

📌 Current Price.

SOL/USD is currently trading around $138 – $142 (the price may vary slightly depending on the platform).

📈 Overall Trend

Short-term trend: Bearish to sideways — we observe selling pressure after failing to break resistance at $150.

Medium-term trend: Still within a corrective range after a strong upward wave that reached near $160 previously.

🟢 Important Areas

Nearby Support: $135 – a strong horizontal support level; breaking this may open the door to test $128 then $120.

Nearby Resistance: $145 – $150, which is the barrier that halted the rise recently.

Next Strong Support: $120 (psychological level + historical support).

Next Resistance: $160 (previous peak).

🔑 Technical Indicators

RSI (14): around 42 → still below the neutral zone (50), indicating prevailing selling momentum.

MACD: in a negative position but there is a beginning of a decline in selling momentum — we could see a temporary rebound.

Moving Averages: the price is below the 50-day moving average → ongoing downward pressure.

🔍 Near-Term Outlook

As long as the price is below $145-$150, the chances of a retracement remain towards $135 then $128.

If the price manages to reclaim $150 with a daily close, we may witness a new upward wave towards $160 – $168.

⚠️ What to Watch For

✅ If the $135 area holds and a rebound appears.