🚀 $SOL Technical Analysis June 28, 2025: PRICE STANDS AT $146.95 WITH BULLISH MOMENTUM 📈
📊 Market Insight
• Current Price: 146.95 USDT
• Moving Averages (MAs) indicate a bullish shift.
• Volume has increased to 87,243,279, reflecting heightened market activity and potential buying pressure.
• MACD shows a bullish trend.
• RSI values are in the overbought territory.
📊 Important Levels to Watch
🔼 Resistance Levels:
148.00
150.00
154.00
🔽 Support Levels:
145.00
143.25 (near MA(25))
140.12
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $148.00
☑️ Entry Point: $148.20 (enter if price breaks above 148.00 with bullish momentum confirmation)
🎯 Price Target:
TP1: $150.00
TP2: $154.00
🛑 Stop Loss: $147.50 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 148.00, an increase in volume, RSI(6) remaining above 70, and MACD showing a bullish crossover with DIF rising further above DEA.
🐻 Bearish Trade Setup: Pullback below $145.00
☑️ Entry Point: $144.80 (enter if price drops below 145.00 with bearish momentum confirmation)
🎯 Price Target:
TP1: $143.25
TP2: $140.12
🛑 Stop Loss (SL): $145.50 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 145.00, a decline in volume, RSI(6) dropping below 70, and the MACD showing a bearish trend with DIF falling below DEA.
📌 Suggestion to Open Positions Today:
The current price of $146.95, up 3.53% from recent levels, and the bullish MACD and MA trends suggest continued upward momentum. However, the overbought RSI indicates a potential short-term pullback or consolidation. A breakout above $148.00 could drive the price toward $150.00 or higher, while a drop below $145.00 might signal a correction. Given the strong volume and bullish indicators, a cautious bullish approach is favored, but tight stop losses are recommended to manage the risk of a reversal. Wait for confirmation signals before entering trades.
