SOL Market Trend Analysis 20250621

The hourly level follows Bitcoin, but lacks the intermediate fluctuation process, starting to decline before Bitcoin does, and accelerating its drop when Bitcoin falls.

The daily chart shows a long bearish candlestick with a short upper wick and a long lower wick, with trading volume increasing by one-third compared to the previous day, still within normal trading volume.

The daily MA30 line maintains a downward trend, and the MACD shows an increasing bearish momentum below the zero axis, indicating that the rise is still a rebound and not a reversal.

Since May 30, when the daily line broke below the MA30 line, the upward trend has essentially declared an end, and on June 10, the price rebounded to the MA30 line and made a false breakout before declining, thus confirming the continuation of the downward trend.

We have been saying that SOL will have a long adjustment period, at least a few months of wide fluctuations in the 120-180 area before continuing to rise, so be patient and buy in batches on dips.

The price is still fluctuating within the red box area, with the lower edge around 120 and the upper edge around 164, and the midpoint around 142.

The daily level resistance is at 156-165-177, and support is at 134-120-110.