SOL Market Trend Analysis 20250614

The hourly trend is completely following Bitcoin. After a rapid decline in price, it has formed a rebound trend with fluctuations upward, but is now continuing to decline along with Bitcoin.

The daily line also shows a bearish candle with a long lower shadow. The trading volume is higher than in previous days, but not significantly so.

The price has dropped to a low of 140.21 (Binance spot price). The bottom-buying position we provided yesterday was at 142, but the rebound strength was slightly weaker, not reaching our target of 153, and instead hovering around 149.

For the upcoming daily trend, we are still watching Bitcoin. The main players have not made any significant moves recently, so we can patiently wait.

We have been discussing the large range of 120-140-160-180 for fluctuations, and buying on dips still makes sense for accumulating spot for the year-end surge.

Daily resistance levels are 153-167-177, and support levels are 142-134-120-110.