The Plume Room

SOL Market Technical Analysis – 2 July 2025📅Today’s Trend Overview 📊 Market SnapshotAs of today, SOL is trading around $153, showing signs of recovery after a brief pullback. The market structure is leaning bullish in the short term, but caution remains due to mixed technical signals. 📈 Price Action and TrendSOL has bounced back from the $145 support zone, forming a higher low, which is a positive signal 🔼. Price is testing the resistance range between $152–$155, where multiple rejections occurred in the past few days. 🟢 Short-term trend: Bullish 🟡 Mid-term trend: Sideways with bullish bias 🔴 Long-term trend: Still below major breakout levels, waiting confirmation 🔧 Moving AveragesThe 20-day and 50-day exponential moving averages (EMA) are starting to converge near the $150 mark, creating a potential support base. SOL is trading slightly above these averages, indicating mild upward momentum. ✅ Price above 20 EMA = short-term strength ⚠️ Price near 50 EMA = decision point ❌ Below 200 EMA = long-term breakout not confirmed yet 📉 RSI & Momentum Indicators RSI (Relative Strength Index) is at 58, suggesting momentum is in the neutral-bullish zone. MACD is crossing above the signal line, indicating a possible shift to bullish momentum. Stochastic RSI is entering the overbought territory – a sign that a short cool-off may occur soon 😬. 📐 Chart Patterns & Technical Setups A symmetrical triangle is forming on the 4H and daily charts ⏳. If SOL breaks above the triangle’s upper boundary near $155, we could see acceleration toward $162–$175 in the coming sessions. However, failure to hold $145 support could result in a sharp pullback to the $137 range. 📌 Strategy Notes for Traders🔹 If Bullish: Entry zone: $150–$152 Target 1: $158 Target 2: $172 Stop loss: $144 🔹 If Bearish Breakdown: Entry below: $144 Downside target: $137 → $125 Risk management is key ⚠️ 🎯 Final ThoughtsSOL is showing promising signs of a bullish breakout, but volume confirmation is still lacking. As long as the price stays above $145, the bulls remain in control 🐂. Traders should watch the $155 resistance zone closely – a clean breakout could unlock fresh upside potential. #Crypto##BTC##BullRun##Crypto Market Insights##Solana Market Analysis#

Directly showing the picture! $plume will speak for me.

Directly showing the picture! $plume will speak for me.

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