SOL Market Trend Analysis 20250624

The hourly trend is in sync with Bitcoin, so it is not an independent market.

The daily line shows a long bullish candle with upper and lower shadows, and the trading volume is slightly higher than the previous day, basically maintaining a stable state. Compared to the price increase, the trading volume is somewhat lacking.

Currently, the price has rebounded to the level mentioned in yesterday's market commentary, so be careful to take profits in time to prevent profit erosion.

In the short term, the price will continue to follow Bitcoin; when Bitcoin rises, SOL rises, and when Bitcoin falls, SOL falls.

Currently, the price rebound has encountered resistance at the daily MA120 line, leading to an hourly-level downward adjustment. The strong upward momentum of the large bullish candle suggests that there may still be upward movement today, with the daily MA30 line being an important resistance level, around the price of 154.

Currently, it is still a rebound and not a reversal; after the rise, there is still a need for further downward adjustment.

Daily-level resistance at 154-165-177, support at 121-112-96-79