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#SOL Daily Cup and Handle Pattern 🟠

📊 Current Status (June 13, 2025)

The price of #SOL currently ~146 $ with fluctuations between 142 and 160 $.

Movement forecasts indicate: either a technical rebound from support at 141.5 $ or a correction to 130–135 $ in case of a clear break.

The key technical levels are:

Main Support: 141.53 $ – a rebound is expected if the price reaches this area

Resistances:

The first at 150–153 $ (technical barrier)

The second at 165–168 $ (cup-and-handle pattern for breakout)

🧠 Momentum and Technical Indicators

RSI/MACD (daily – 4h) shows oversold conditions with the start of a positive divergence – indicating a potential short-term rebound

The daily “Cup and Handle” pattern – has resistance at ~165.96 $ and indicates the possibility of strong resistance then a potential breakout🙄

Formation of a “Double Bottom” at ~147 $ supports the idea of a return to 152–155 $ before any further adjustments

🔴 Scenario Entry and Actions Expected Targets:

Rebound from support Buy at 141–142 $ 150 → 153 → 165–168 $

Temporary Rebound Sell at 145–147 $ Return to 135–140 $

Breakout of Resistance Buy after surpassing 153 $ 165 → 180+ $

Break of Support Sell at break of 141 $ 135 → 130–118 $

✅ Quick Recommendation

#SOL at 146 $ currently, within the range of 141.5–153 $ between support and resistance levels. This places it in the middle of a potential technical correction, with an anticipated outlook towards a technical rebound upwards or a downward continuation to 130 $.

And God knows best.

#Malik bmz.