$SOL Analysis Summary

SOLUSDT is in a broader uptrend after breaking a long-term downtrend to $95, which liquidated many long positions. Despite the larger uptrend, the price is currently in a short-term downtrend on lower timeframes.

Recently, SOL showed bullish signs at the $155 support level with two strong pinbars. However, high-leverage traders entered here and got liquidated on a sharp move down last Friday. Price rebounded quickly but failed to reclaim the $155 level, likely enticing re-entries from traders thinking the liquidity grab was over.

You're anticipating one final drop to around $140, which would clear out the remaining weak hands before smart money steps in and the uptrend resumes. Alternatively, price could break out of the current falling wedge and continue upward without the extra dip.

Macro/Micro Catalysts to Watch:

⚖️ Ripple vs SEC Case: A potential market catalyst. A previous settlement attempt sparked a rally, but was delayed due to procedural issues. New filings are due 16th June, and approval could trigger another market rally.

🤝 US-China Trade Talks: Past trade agreements (e.g. on 12th May) have pushed markets higher. A new deal this week could do the same.

✂️ Fed Rate Cuts: While rate cuts are expected later in 2025, markets will likely price it in early. This could be a classic "buy the rumor, sell the news" event.

Target: You're eyeing $250 as the next major upside target.