🚀 $SOL Technical Analysis May 31, 2025: PRICE DROPS TO $152.5 LEVEL, STRONG BEARISH MOMENTUM ⚠️

📊 Market Insight
• Current Price: 154.68 USDT
• Moving Averages (MAs) indicate a strong bearish trend.
• Volume has spiked to 42.863M, indicating heightened selling activity and panic among traders.
• MACD shows a bearish trend.
• RSI values are in oversold territory.

📊 Important Levels to Watch
🔼 Resistance Levels:
159.76 (recent support turned resistance)
165.00 (psychological resistance)
169.14 (next significant resistance)
🔽 Support Levels:
152.54 (current support level)
151.40 (next support level)
147.49 (recent low)

💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $159.76
☑️ Entry Point: $160.20 (enter if price breaks above 159.76 with bullish momentum confirmation)
🎯 Price Target:
TP1: $165.00
TP2: $169.14
🛑 Stop Loss: $157.00 (below the current resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 159.76, an increase in volume, RSI(6) rising above 40, and a MACD bullish crossover with DIF moving above DEA.

🐻 Bearish Trade Setup: Breakdown below $152.54
☑️ Entry Point: $152.00 (enter if price breaks below 152.54 with bearish momentum confirmation)
🎯 Price Target:
TP1: $151.40
TP2: $147.49
🛑 Stop Loss (SL): $155.00 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 152.54, sustained high volume, RSI(6) falling further below 25, and the MACD deepening its bearish trend with DIF dropping further below DEA.

📌 Suggestion to Open Positions Today:
The strong bearish momentum and MACD trend caution against aggressive bullish moves. Traders should monitor for a breakout above $159.76 for a bullish signal or a breakdown below $152.54 for further downside. Given the oversold conditions and volatile volume, use cautious position sizing and tight stop losses to mitigate risk.

#sol #dailyearnings #signaladvisor #solana