🚀 $SOL Technical Analysis June 10, 2025: PRICE STANDS AT $159.93 WITH STRONG BULLISH MOMENTUM 🔥
📊 Market Insight
• Current Price: 159.93 USDT
• Moving Averages (MAs) show a bullish trend.
• Volume has surged significantly, reflecting strong market activity and interest.
• MACD shows a bullish signal.
• RSI values are in neutral to slightly bullish territory.
📊 Important Levels to Watch
🔼 Resistance Levels:
161.82 (24-hour high)
162.52 (next psychological resistance)
165.00 (potential extended target)
🔽 Support Levels:
157.41 (recent support from upward trend)
152.29 (next significant support)
147.88 (recent low)
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $161.82
☑️ Entry Point: $162.00 (enter if price breaks above 161.82 with bullish momentum confirmation)
🎯 Price Target:
TP1: $162.52
TP2: $165.00
🛑 Stop Loss: $161.50 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 161.82, sustained high volume, RSI(6) rising above 70, and a MACD bullish crossover with DIF continuing to rise above DEA.
🐻 Bearish Trade Setup: Breakdown below $157.41
☑️ Entry Point: $157.20 (enter if price breaks below 157.41 with bearish momentum confirmation)
🎯 Price Target
TP1: $152.29
TP2: $147.88
🛑 Stop Loss (SL): $157.70 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 157.41, a decline in volume, RSI(6) falling below 30 (into oversold territory), and the MACD showing a bearish trend with DIF dropping below DEA.
📌 Suggestion to Open Positions Today:
Traders should consider a bullish setup if the price breaks above $161.82 with confirmation from volume and indicators. However, monitor for a potential pullback if resistance at $161.82 holds. For bearish traders, a breakdown below $157.41 could signal a reversal, but current indicators lean bullish. Use tight stop losses given the market’s volatility.
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