Technical analysis by gunhy about Symbol SOL: Buy recommendation (6/11/2025)

Today, we got reports that the SEC requested SOL ETF issuers to update their filings which ignited the rally past $165. This boosts investor confidence- we should see good bullish volume in the near term, targeting $185. US-China talks have also came back positive, awaiting both presidents' approval. The first hurdle, still, is the 200SMA. Ideally, we want to see a bullish close above $168. This should be easily taken this week, if not today. From there, we aim for the near term high of $185 before zooming out to aim for $250.We are on track to take $170 today! If it does happen, we will have SIX consecutive green daily candles so far. A pattern we have not seen since the very bottom of the bear market @ $8 in early 2023. What followed after that was a massive 50%+ increase in just 10 days. It probably won't happen here, but a man can dream... :+)Price is now retesting the $160 support. FOMO $168 positions are being taken out before we advance to $170.We can now focus on the previous idea- the final liquidity hunt.