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Solana (SOL) 1D Technical Analysis - June 17, 2025 📊 Current Price: ~$150.51 🔍 Daily Trend: Bearish with volatility. SOL dropped from $158.56 to $148.95, closing at $150.51. Key Levels Support: $149-150 (critical for recovery) Resistance: $158-159 (strong resistance, tough to break) Technical Indicators RSI (14): 67.62 (neutral, near overbought) MACD: 9.92 (sell signal) Moving Averages: 5-day ($174.78): Buy 20-day ($156.73): Buy 50-day ($139.89): Buy 200-day ($181.68): Sell Williams %R: -22.16 (weak selling pressure) Context SOL is consolidating around $150. A recent 10% drop signals a correction, but support holds. News of a potential Solana ETF and new projects (Byreal DEX) could spark growth. What to Watch? Bullish Scenario: Breaking $158 could push prices toward $165-170. Bearish Scenario: A drop below $149 may lead to $140. 📢 Conclusion: Mixed signals, but the $150 level holds. Watch $158 for a potential breakout! #Solana #SOL #TechnicalAnalysis #Crypto
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🚀 #$Crypto Candlesticks 101! 🚀 Candlesticks are your key to decoding price action in crypto over specific time frames (e.g., 1 hour, 1 day, or even 1 minute). Each candlestick tells a story with: Open/Close: The body shows the price range between the start and end—green for bullish 📈 (price up!) and red for bearish 📉 (price down!). High/Low: The wicks (thin lines) mark the highest and lowest prices, with long wicks signaling high volatility 🔥. Master patterns like the Hammer (a small body with a long lower wick, hinting at a bullish reversal 💪), Shooting Star (long upper wick, suggesting a bearish reversal ⬇️), or Engulfing (a larger candle “swallowing” the prior one, indicating a trend shift 🌟) to sharpen your trading strategy! 💡 Motivation: Stay sharp, study those charts, and ride the crypto waves with confidence—you’ve got this! 🌊💸 Keep learning, adapt to the market, and watch your skills soar! 🦅 #CryptoTrading #Binance #LearnToEarn
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