📉 SOL/USDT Technical Update – June 8, 2025
Current Price: $149.07 | 24h Change: -1.84%
24h High: $152.42 | 24h Low: $148.92
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🔍 Market Overview
Solana (SOL) is experiencing a minor bearish correction today, slipping by 1.84% in the last 24 hours. Currently trading around $149.07, the price is hovering just above the intraday low of $148.92, signaling a potential short-term support test.
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📊 Technical Indicators
Parabolic SAR (0.02, 0.2) shows downward pressure with resistance at $149.62, confirming bearish momentum on the 5-minute chart.
Short-Term Trend: Continuation of a downtrend from the recent $152.42 local high.
Support Zone: Immediate support stands at $148.92 – a breach may open a path toward the $146-$147 range.
Resistance Levels: Watch for resistance at $149.62 and further at $150.50.
Volume Analysis: 24h trading volume in USDT is 185M, indicating moderate activity; buyers are slightly ahead at 53.06%, but sellers remain close at 46.94%.
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🛠️ Performance Snapshot
Period Change
Today -0.98%
7 Days -4.72%
30 Days -6.77%
90 Days +16.81%
180 Days -33.55%
1 Year -7.46%
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💡 Trading Signal: Cautionary Bearish Bias
Given the current market structure:
✅ Bulls need to reclaim $150.00–$151.00 for renewed upward momentum.
❌ Bears may gain strength if $148.90 support fails.
Suggested Strategy:
Short-Term Traders may look for scalp opportunities below $149 with tight stop-loss.
Swing Traders should wait for confirmation—either a bounce above $150 or a clean break below $148.90 for a trend continuation.
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📌 Note: Volatility remains relatively low, and the order book shows near balance. Keep risk management tight.