🚀 $SOL Technical Analysis July 01, 2025: PRICE STANDS AT $153.29 WITH BULLISH MOMENTUM 📈
📊 Market Insight • Current Price: 153.29 USDT • Moving Averages (MAs) indicate a bullish trend. • Volume has surged to 84,080,048, reflecting strong market activity and significant buying pressure. • MACD shows a slight bearish divergence. • RSI values are in the neutral to overbought territory.
📊 Important Levels to Watch 🔼 Resistance Levels: 155.04 157.00 160.53 🔽 Support Levels: 150.13 149.56 145.00
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $155.04 ☑️ Entry Point: $155.20 (enter if price breaks above 155.04 with bullish momentum confirmation) 🎯 Price Target: TP1: $157.00 TP2: $160.53 🛑 Stop Loss: $154.50 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 155.04, an increase in volume, RSI(6) rising above 70, and MACD showing a bullish crossover with DIF rising above DEA.
🐻 Bearish Trade Setup: Pullback below $150.13 ☑️ Entry Point: $149.90 (enter if price drops below 150.13 with bearish momentum confirmation) 🎯 Price Target: TP1: $149.56 TP2: $145.00 🛑 Stop Loss (SL): $150.50 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below 150.13, a decline in volume, RSI(6) dropping below 50, and the MACD showing a bearish trend with DIF falling below DEA.
📌 Suggestion to Open Positions Today: The increased volume and bullish MA alignment suggest strong upward momentum for $SOL . However, the slight MACD bearish divergence and RSI nearing overbought levels indicate a potential short-term pullback or consolidation. A breakout above $155.04 could push the price toward $157.00 or higher, while a drop below $150.13 might signal a correction. Given the robust volume and bullish indicators, a cautious bullish approach is favored, but tight stop losses are recommended to mitigate the risk of a reversal. Wait for confirmation signals before entering trades.
