SOL Market Trend Analysis 20250627

The daily candlestick is a bearish candle with a long upper shadow, and the trading volume is basically flat compared to the previous day. The price decline is relatively larger compared to Bitcoin and Ethereum.

The daily MA30 line is still in a downward trend, and the MACD has not formed a golden cross below the zero line; instead, the price decline has shown a state of increasing downward pressure.

The daily rebound did not reach the MA30 line before starting to decline, indicating that the overall trend is still relatively weak. If this second bottom test breaks the previous low, it will continue to approach the 120-110 range.

In the spot market, it is still a good strategy to buy on dips; don’t be afraid of missing the opportunity, prepare for the craziness in the second half of the year.

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