SOL Market Trend Analysis 20250626

SOL did not follow Bitcoin's rise but instead exhibited a downtrend on an hourly basis.

The daily chart shows a small bearish candle with short upper and lower shadows, and the trading volume is one-fifth less than the previous day, around half of the volume of the large bullish candle on the 23rd, indicating a shrinking and oscillating trend.

The daily MA30 line is still in a relatively steep downward trend, and the MACD shows a weakening downward momentum below the zero axis. If a bullish candle can be formed in the next two days, the MACD will create a golden cross pattern, leading to a potential upward rally.

SOL remains in a downtrend, so any price increase is merely a rebound rather than a reversal. Capital is still concentrated on Bitcoin, meaning that when Bitcoin declines, SOL will also definitely decline.

Around 154 will still be the main resistance level in the near term; any rebound to this level will likely result in further downward adjustments.

Daily chart resistance levels are 154-165-177, and support levels are 121-112-96-79.