SOL Market Trend Analysis 2025-06-11

The hourly trend is still synchronized with Bitcoin, experiencing fluctuations downward during the day. The US stock market rose slightly before opening but was then hammered down after the market opened. During the early morning, the price began to surge again due to news about SOL's ETF potentially being approved.

The daily chart shows a bullish candle with a long lower shadow, currently displaying five consecutive bullish candles. The trading volume is slightly higher than the previous day, remaining generally consistent, and the price is still below the daily MA30 line. The MACD is below the zero line, showing a bullish crossover pattern, indicating that there may be further upward movement at the daily level, targeting the 177-187 area.

The overall trend will still be influenced by Bitcoin; if Bitcoin experiences a downward pullback, SOL will certainly follow.

Daily resistance levels are 177-188-196, and support levels are 161-154-140.