June 18 Thursday SOL Afternoon Outlook

Early morning Federal Reserve meeting kept interest rates unchanged, but half of the officials leaned towards rate hikes within the year, with a hawkish overall tone. U.S. Treasury yields rose, market risk appetite fully declined, altcoins faced increased selling pressure, and SOL's correlation with the broader market continued to weaken, with volatility significantly greater than BTC and ETH.
The early rebound was purely a oversold correction after a sharp decline, with trading volume shrinking throughout, and bullish momentum severely lacking.
Technically, the daily chart remains under long-term pressure from the 30-day moving average, with a complete bearish trend; the four-hour cycle rebounded sharply but quickly fell back, MACD remains in a bearish zone, RSI has not entered overbought territory, and upward momentum is scarce.
Key price levels for the day are clear: short-term support at $81-82, representing the bottom of this round of consolidation; core strong support at $76. If the price breaks below the actual candle, the downside space will open fully, targeting around $70.
Short-term resistance above is at $86-88.
In the afternoon, the market overall surged then fell back, with weak oscillation and no clear reversal signals.
It is not suitable to blindly buy at low levels; when the rebound hits resistance at 86-88 and stalls, consider shorting.
If support at $81 breaks, continue to look for a correction.
Operate with light positions throughout, as U.S. evening data may trigger volatile swings in both directions.
Strict risk management is essential.
Trading suggestion: watch for a rebound to $70-71, target $73, and if broken, look for $76.
If not broken, $BTC reverse to long.