June 8, 2026 SOL Technical Analysis (Current price ~66.2 USDT)

I. Market Trend and Today’s Positioning

• Major trend: Monthly -29.3%, Weekly -19%, halved from $146 at the start of the year, clear medium- to long-term bear market.

• Today’s structure: 24-hour +5.11%, a oversold rebound; linked to BTC, no independent reversal signal.

• Sentiment: Extremely panic, rebound volume is average, weak correction rather than reversal.

II. Key Price Levels (Intraday)

• Strong resistance: 68.96 / 71.42 / 74.92

• Strong support: 65.46 (pivot) / 63.00 / 59.50

III. Technical Indicators (Daily + 4H)

• Daily

◦ Price below MA50 (83.7) and EMA50 (81.5), moving averages are in a bearish alignment.

◦ MACD below zero line, green bars narrowing, bearish momentum weakening, no reversal.

◦ RSI ≈ 32, oversold rebound zone, no strong bullish momentum.

◦ Bollinger Bands opening downward, price near lower band.

• 4-hour

◦ Short-term golden cross, weak increasing red bars, limited rebound momentum.

◦ Midline at 65.3 shows obvious resistance, upward movement is weak.

IV. Short-term Trading Strategy (June 8)

1. Main idea: Rebound to short (follow the major trend)

◦ Entry: 68.5–69.0, pullback under pressure

◦ Stop loss: >69.5

◦ Take profit: 65.5 → 63.0

2. Auxiliary: Light long positions at low levels (oversold rebound)

◦ Entry: 63.0–63.5, stabilize

◦ Stop loss: <62.5

◦ Take profit: 65.3–66.0

3. Wait and see

◦ If volume increases and price stabilizes above 69.5, short-term shifts to sideways or bullish, pause short positions.

V. Important Reminders

• Bear market rebound, not a reversal; strictly use light positions, avoid chasing highs, avoid holding large positions.

• Very strong linkage with BTC, if BTC breaks down, SOL #比特币回升5% may drop to 59.5.