SOL current quote is $71.25, up 2.83% in 24 hours, belonging to a low-level correction driven by the overall market risk sentiment warming, not a reversal trend.

This round of rebound is mainly benefited from the slight pullback of the US dollar and US Treasury yields, with the overall crypto market sentiment improving, combined with SOL's previous deep correction, and funds entering at low levels for bottom fishing.
However, token unlock selling pressure and ETF capital inflow slowdown still long-term suppress the upward space, and the Solana summit on June 16th is a short-term local positive catalyst.
From a technical perspective, it is currently in a narrow range of oscillation, with RSI approaching overbought territory, not suitable for chasing the rally.
Short-term resistance is at $71.8, strong resistance at $75.5; first support at $69, key defensive support at $65.5, and the daily chart's overall downward structure has not changed.
The subsequent trend entirely depends on the Federal Reserve's interest rate decision early tomorrow: if Powell signals a rate cut, risk assets will strengthen, and SOL may break above $75; if the stance is hawkish, this rebound will quickly fall back, testing the $65 support again; under neutral policy, it will maintain oscillation in the $66-$72 range, and it is recommended to wait for confirmation of landing news and strictly control position risk.
Trading suggestion: watch around $73, target $69, and if broken, $ETH look for $65.