THE LATEST CRYPTO NEWS

Solana co-founder Anatoly Yakovenko is facing backlash from the crypto community over his comments about meme coins and non-fungible tokens (NFTs). Yakovenko made these remarks against these tokens despite his network being home to most of the top meme coins by market capitalization.  Crypto Community Reacts To Solana Founder’s Comments The crypto community criticized Anatoly Yakovenko following his X post, in which he described meme coins and NFTs as “digital slop” and ones that have no intrinsic value. The Solana founder added that, like a mobile game loot box, people spend $150 billion a year on mobile gaming, in reference to his ideology about meme coins and NFTs.  Related Reading: These Two Bearish Scenarios Put Solana Price At $162 After Fakeout Crypto marketer Anastasiia Bobeshko described the Solana founder’s comments as being funny, considering the traction that memes have brought into the Solana ecosystem. She further noted that the network made $1.6 billion in the first half of 2025 thanks to these meme coins. Another member of the crypto community, Ethereum developer Hanniabu, had earlier echoed a similar sentiment, suggesting that the network would be nothing without meme coins.  Null, a member of the BONK community, declared that the Solana network would have never been where it is today without meme coins. Yakavenko replied sarcastically, saying, “Absolutely.  Without lootboxes, iOS would have negligible revenues for Apple.”  Meanwhile, Crypto community member Art Chick asked the Solana founder if he had a problem with memecoin traders spending $150 billion a year on his chain, but they don’t see it as mobile gaming. Yakovenko responded and alluded to an earlier reply in which he explained that what is important is the need to monitor data, fix problems, use snipers, and work towards sandwich-resistant market implementations.   Difference Between Solana and Base Meme Coins It is worth noting that the Solana founder’s comment about meme coins stemmed from when he criticized a comment from Base’s lead developer Jesse Pollak, who suggested that Zora meme coins (which are Base tokens) are more valuable than those from Solana’s Pump.fun. In response, Yakovenko asked Pollak if Zora coins have any claims on future cash flows from creators, something which Pump.fun has.  Related Reading: Top Meme Coins Stealing The Spotlight As Bitcoin Price Hits $118,000 ATH Pollak then clarified that each coin’s value depends on their fundamentals, which is why he believes that not all meme coins are the same. However, the Solana founder doesn’t believe meme coins as a whole have any “intrinsic value.”  Despite his comment, these meme coins, especially the top ones like Fartcoin, BONK, PENGU, and TRUMP, continue to contribute to a significant amount of the daily trading volume on the network. Notably, the Solana price surged to a new all-time high (ATH) of $294 in January, around the time the TRUMP meme coin first launched. SOL witnessed a significant surge in its demand at the time, with investors requiring the altcoin to purchase the meme coin.  At the time of writing, the Solana price is trading at around $183, down over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com

Solana started a fresh increase above the $188 zone. SOL price is now consolidating gains and might aim for more gains above the $200 zone. SOL price started a fresh upward move above the $180 and $185 levels against the US Dollar. The price is now trading above $188 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $190 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $200 resistance zone. Solana Price Gains Momentum Solana price started a decent increase after it found support near the $175 zone, like Bitcoin and Ethereum. SOL climbed above the $180 level to enter a short-term positive zone. The price even smashed the $185 resistance. The bulls were able to push the price above the 50% Fib retracement level of the downward move from the $206 swing high to the $175 low. There is also a key bullish trend line forming with support at $190 on the hourly chart of the SOL/USD pair. Solana is now trading above $190 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $195 level. It is close to the 61.8% Fib retracement level of the downward move from the $206 swing high to the $175 low. The next major resistance is near the $198 level. The main resistance could be $200. A successful close above the $200 resistance zone could set the pace for another steady increase. The next key resistance is $212. Any more gains might send the price toward the $225 level. Are Downsides Limited In SOL? If SOL fails to rise above the $200 resistance, it could start another decline. Initial support on the downside is near the $190 zone and the trend line. The first major support is near the $188 level. A break below the $188 level might send the price toward the $184 support zone. If there is a close below the $184 support, the price could decline toward the $175 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $190 and $188. Major Resistance Levels – $195 and $200.

Solana is treading on thin ice as it tests a crucial support zone between $175 and $177, a range that could decide its next big move. After a sharp rejection near $190, selling pressure is mounting, raising the stakes for bulls trying to defend this key area.  Momentum Fades: Solana Slips Below Key Moving Averages According to GemXBT in a recent post, Solana (SOL) is currently trending downward, showing signs of sustained bearish pressure. The price has slipped below critical short-term moving averages such as the 20 MA, 10 MA, and 5 MA, suggesting that sellers are firmly in control for now. This breakdown below key technical levels is often seen as a precursor to further downside, especially when not accompanied by strong bullish reversals. Related Reading: Solana Becomes The Talk Of Social Media As Price Hits $200 At present, the immediate key support level is around $175. If this support holds, there could be a chance for a technical bounce, particularly as the RSI is now sitting in the oversold zone. Historically, oversold RSI levels can signal potential reversals or at least a short-term pause in selling pressure. However, traders are watching closely for confirmation before expecting a recovery, especially with resistance looming near $190. Adding to the bearish picture, the MACD remains below the signal line, reinforcing negative sentiment in the market and downside pressure. Until SOL can reclaim the broken moving averages and flip $190 into support, the technical outlook leans cautious, with the potential for continued volatility. Key Support Retest: Can $175–$177 Hold The Line? In a recent post on X, AlgoCats shared insights from the Solana daily chart, highlighting a critical price zone. The analyst pointed out that SOL is currently testing the $175–$177 support range, an area that once served as resistance and is now being re-evaluated as a potential floor. This zone has become a key battleground between bulls and bears in the short term. Related Reading: These Two Bearish Scenarios Put Solana Price At $162 After Fakeout AlgoCats also drew attention to a notable upper wick on the latest daily candle, which extended into the $189–$190 region before facing a sharp rejection. This wick suggests heavy selling pressure at those higher levels, likely due to long liquidations and the presence of a significant supply zone. Such price action often reflects a lack of buying strength and the presence of aggressive sellers. Now, the focus shifts to whether the $175–$177 support can withstand the ongoing bearish momentum. According to AlgoCats, how SOL behaves around this zone will determine the next move. If support holds, a bounce is possible, but if it breaks, the market may see further downside pressure in the near term. Featured image from Adobe Stock, chart from Tradingview.com

The Solana price has slowly crept up over the last few weeks, moving from a low of $127 back in June to now trading over $200 at the time of this report. This surge has been propelled forward by the emergence of new runners on the blockchain such as the likes of USELESS, moving SOL toward the coveted $200 market. However, questions abound as to how long this rally could be sustained and if a bearish scenario could see it crashing back downward. Solana Price Faces Pressure From Bears Despite bullishness being the order of the day, a crypto analyst has sounded the alarm of bearish pressure mounting for Solana. In the analysis, they explain that the rally that pushed the digital asset over the $190 mark recently was actually a textbook fakeout. Related Reading: XRP Transactions Barrels Over $1 Billion To Monthly Highs, Are Whales Driving The Next Leg? This rally had taken the Solana price above the resistance that had been mounting at $170, clearing a path for the rally to $200. This has allowed for a liquidity sweep at these high levels. But now there is a roadblock for the altcoin that could send it back down. The crypto analyst explains that the Solana price is still trading inside the ascending channel despite the rally. Thus, this means that the breakout failed at the time. Such failure suggests that there is not enough strength propping up the price, leaving it vulnerable to bears. Two likely bearish scenarios were presented by the analyst in response to this. The first was that there would be a direct drop into the maximum pain level (MPL), which lies around $162.30, making it the key downside target. But with the price already breaking above $190, this is unlikely. The second and most likely scenario is the move up to retest highs before a drop. It could also alternatively form a lower high before dropping, leading to a steep decline. Regardless, both roads lead to the same destination, and that is the fact that the price drops toward the MPL level. Related Reading: Dogecoin Price Breaks Above $0.26 In Weekend Rally As Pundit Predicts 2,600% Surge SOL Open Interest Hits Record Levels The surge in the price has triggered a rapid increase in interest in Solana, and this has seen the open interest for the altcoin hit new all-time highs. The open interest is the total sum of short and long positions open for an asset, and according to data from the Coinglass website, the Solana open interest has now crossed $10.96 billion to surpass its previous high of $8.79 billion. Interestingly, though, the Solana price is still much lower compared to where it was the last time open interest hit new highs. This could suggest that there could be some steam left before the SOL price begins to slow down again. Featured image from Adobe Stock, chart from TradingView.com

Solana started a fresh increase above the $185 zone. SOL price is now correcting gains and might find bids near the $195 support zone SOL price started a fresh upward move above the $185 and $192 levels against the US Dollar. The price is now trading above $195 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $199 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $205 resistance zone. Solana Price Gains Momentum Solana price started a decent increase after it cleared the $180 resistance, like Bitcoin and Ethereum. SOL climbed above the $185 level to enter a short-term positive zone. The price even smashed the $200 resistance. A high was formed at $207 and the price is now correcting gains. There was a move below the $205 level and toward the 23.6% Fib retracement level of the upward move from the $178 swing low to the $207 high. Solana is now trading above $195 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $199 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $205 level. The next major resistance is near the $208 level. The main resistance could be $215. A successful close above the $215 resistance zone could set the pace for another steady increase. The next key resistance is $232. Any more gains might send the price toward the $245 level. Are Downsides Limited In SOL? If SOL fails to rise above the $208 resistance, it could start another decline. Initial support on the downside is near the $199 zone and the trend line. The first major support is near the $195 level. A break below the $195 level might send the price toward the $192 support zone or the 50% Fib retracement level of the upward move from the $178 swing low to the $207 high. If there is a close below the $192 support, the price could decline toward the $185 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $199 and $192. Major Resistance Levels – $208 and $215.

Solana (SOL) has crossed the $200 mark for the first time in months, sparking a frenzy of discussion across major social media platforms. Solana Social Dominance Has Spiked To Highest Since Early June In a new post on X, analytics firm Santiment has talked about how the crowd has reacted to the latest rally in Solana’s price. The metric of relevance here is the “Social Dominance,” which tells us about the degree of attention that a given coin is receiving on social media relative to the top 100 cryptocurrencies by market cap. The indicator is based on another, known as the Social Volume. The Social Volume measures the unique number of posts/messages/threads on these platforms that are making mentions of the asset. Related Reading: Ethereum To $10,000? Analyst Says ETH Has To Break This Level The Social Dominance takes the Social Volume of a coin and calculates what percentage of the combined Social Volume of the hundred largest assets in the sector that it makes up for. Below is the chart shared by Santiment that shows the trend in the indicator for Solana over the last few months: As displayed in the above graph, the Solana Social Dominance has just witnessed a sharp increase, indicating that interest in the asset has surged among social media users. The spike in attention toward SOL has come following a notable rally in its price, which has taken it past the $200 level for the first time since early 2025. The asset now makes up for 8.9% of all cryptocurrency-related discussions, the highest since June 6th. Though while some market interest can be positive, an excess of it has generally proven to be a bearish sign in the past. As such, the spike in the Social Dominance of the coin may be something to keep an eye on, as FOMO developing among the crowd could potentially impede the price run. In the same chart, the analytics firm has also attached the data for another Solana indicator: Development Activity. This metric measures, as its name suggests, the total amount of work that the developers of the project are putting in on its public GitHub repositories. Related Reading: Bitcoin Correlation To Altcoins Is Collapsing: A Warning Sign? The indicator gauges development work in terms of ‘events,’ where an event is any action made by the developer on the repository, like the push of a commit or the creation of a fork. From the graph, it’s visible that the Development Activity of Solana has witnessed a rise recently and has climbed back above 63 events per day. This is the highest value for the metric since May 22nd. Thus, it would appear that the developers of the project are ramping up their effort alongside the price surge. SOL Price At the time of writing, Solana is floating around $203, up more than 27% in the last seven days. Featured image from Dall-E, Santiment.net, chart form TradingView.com

Solana (SOL) has recorded a significant rally over the past week, reclaiming the $160 area and attempting to hold its last major resistance. Some analysts suggest that if bullish momentum continues, the altcoin will run to new highs once this level is recovered. Related Reading: 2025 Crypto Thefts Spike: Stolen Funds Hit $2.7 Billion In H1– Report Solana Attempts $180 Reclaim As the crypto market capitalization nears the $4 trillion mark and Bitcoin (BTC) makes new all-time highs (ATHs), Solana, one of the leading altcoins of this cycle, is retesting crucial levels after climbing nearly 10% over the past week. The cryptocurrency has been compressing between two key levels since the Q2 recovery, trading between the $140-$180 mark for over two months. However, last month’s geopolitical tensions saw SOL briefly lose its local range and retest the $120-$130 area. Amid the July rally, Solana has reclaimed its local range, climbing to the upper boundary and attempting to break above key $180 resistance. Analyst Crypto Jelle noted that, just like Ethereum’s (ETH) $4,000 barrier, this area is the “final major level for bears to defend.” This has been a key level during this cycle, serving as a major bounce area during the Q4 2024 and early 2025 rally. Additionally, it became the most crucial resistance after losing this area in late February, with multiple failed attempts to reclaim it over the past months. Reclaiming this level could propel the token to the $200 mark and set the stage for a continuation to higher levels, the analyst affirmed. Meanwhile, market watcher Froggy highlighted that Solana retested this key zone on Friday, “signaling strong bullish intent.” Nonetheless, the altcoin fell below this level after hitting its two-month high of $184, trading within the $177-179 price range for the past several hours. To the analyst, “as long as $168 holds, a move toward $186–$188 remains likely.” SOL Preparing For Price Discovery? According to Daan Crypto Trades, if SOL breaks above and holds the crucial level, the next area of interest would be around the $220 mark, followed by the $260 barrier. The trader explained that SOL reclaimed the Daily 200 Moving Average (MA) and Exponential Moving Average (EMA) earlier this week, which led to the ongoing retest of the $180 area. He also noted that memecoins are “running well” as SOL-based tokens in the sector have seen a 13.3% weekly increase, according to CoinGecko data. “That generally puts some bid behind SOL,” Daan said, adding that, “As long as memes run, I think SOL does too.” Meanwhile, crypto analyst Alex Clay highlighted that the cryptocurrency has been in a bullish megaphone formation for over a year, and “Once Large Caps catch the Real Bull Run,” Solana will lead the market. During this period, SOL has traded between the upper and the lower boundary, with its latest retest of the pattern’s support occurring in April. Since then, the cryptocurrency has bounced toward the mid-zone of the formation, holding the 50-day EMA, 100-day EMA, and 200-day EMA as dynamic support. Related Reading: Crypto Relief: House Advances GENIUS, CLARITY, Anti-CBDC Bills After Narrow Vote If it continues to move between the pattern’s boundaries, Solana could be poised for a breakout toward the megaphone’s ascending resistance, at around the $350 level. To the analyst, “Breakout of ATH and Price Discovery is inevitable,” with the initial targets sitting around $350-$400. As of this writing, SOL trades at $177, a 2% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Solana started a fresh increase above the $160 zone. SOL price is now correcting gains and might find bids near the $155 support zone SOL price started a fresh upward move above the $155 and $160 levels against the US Dollar. The price is now trading below $162 and the 100-hourly simple moving average. There was a break below a key bullish trend line with support at $162 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $162 resistance zone. Solana Price Corrects Gains Solana price started a decent increase after it cleared the $160 resistance, like Bitcoin and Ethereum. SOL climbed above the $162 level to enter a short-term positive zone. However, the price is facing a major hurdle at $168 and $169. A high is formed at $168.60 and the price is now correcting gains. There was a move below the 50% Fib retracement level of the upward move from the $158 swing low to the $168 high. Besides, there was a break below a key bullish trend line with support at $162 on the hourly chart of the SOL/USD pair. Solana is now trading below $162 and the 100-hourly simple moving average. It is also trading below the 76.4% Fib retracement level of the upward move from the $158 swing low to the $168 high. The price is now approaching the $158 support. On the upside, the price is facing resistance near the $160 level. The next major resistance is near the $162 level. The main resistance could be $1685. A successful close above the $168 resistance zone could set the pace for another steady increase. The next key resistance is $178. Any more gains might send the price toward the $185 level. More Losses in SOL? If SOL fails to rise above the $162 resistance, it could start another decline. Initial support on the downside is near the $158 zone. The first major support is near the $155 level. A break below the $155 level might send the price toward the $150 zone. If there is a close below the $150 support, the price could decline toward the $145 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $158 and $155. Major Resistance Levels – $162 and $168.

Solana (SOL) has registered a 0.58% loss in the past day, representing a slight price retracement from its strong weekly performance. Notably, the altcoin gained by nearly 10% in the last seven days as general crypto prices surged, pushing its unit price into the $160 price region. Amidst the present market cool-off, Ali Martinez has tipped Solana to embark on a parabolic rally subject to a particular market condition. Related Reading: Why The Solana Price Could Crash To $95 Before Reaching $200 Solana Bulls Eye Breakout As $170 Emerges As Critical Resistance In an X post on July 12, Martinez outlines a bullish technical analysis on the Solana market, stating the altcoin is at a key price juncture. Using the weekly chart, the analyst has been able to identify a mega cup-and-handle pattern, which usually precedes a major price rally. However, the altcoin faces a critical price resistance at the $170 region. For context, the cup-and-handle pattern is a popular bullish chart formation that indicates potential for significant price upswings. As seen in the chart below, it resembles the shape of a teacup, commencing with a bearish market, followed by a price recovery of equal magnitude as seen between the start of 2022 and the start of 2025. During this period, investors saw Solana prices crash from around $250 to a cycle low of $9.88 before experiencing a gradual return to a similar peak, thereby forming the cup pattern. Thereafter, SOL has experienced significant price corrections and rebounds, eventually creating a descending price pattern that represents the handle of this formation. Notably, the cup-and-handle pattern only translates into a price surge following a decisive price breakout above the formation’s neckline. Following recent gains, Solana finds itself within touching distance of this neckline at the $170 price mark. Martinez explains that a successful weekly close above this major resistance will validate the bullish intentions on Solana, inducing a heavy market demand and paving the path for higher price territories. Based on the Fibonacci retracement and extension levels on the chart, the initial price target in the event of this breakout is set at $295, instantly matching the current all-time high. However, the historical magnitude of breakouts from cup-and-handle pattern points to lofty price targets, such as $ $787, $1,314, and a max target of $2,744. However, a rejection at $170 may force Solana to visit lower support levels near $135 or even $100, which has served as a major demand zone in the past. Related Reading: Cardano Price Explodes 30% In Past Week — Analyst Calls $5 Next Market Top Solana Price Overview At the time of writing, Solana is trading at $162.58 with a decline of around 0.58% as earlier stated. Meanwhile, the asset’s daily trading volume is down by 38.77% and valued at $3.72 billion. Featured image from Byte Tree, chart from Tradingview.com

The Solana price has fallen by a considerable amount after hitting an all-time high of almost $300 back in January 2025. Even with the recent market recovery, the price is still sitting over 45% below its all-time high price, highlighting the struggles that the altcoin has faced in recent times. Amid this, a crypto analyst has suggested that the Solana price could crash even further from here, predicting a 40% crash could be in the cards once more. Why Solana Could See A Price Crash Crypto analyst The Alchemist Trader has highlighted the development of a rare bullish harmonic pattern on the Solana price chart. Now, while this pattern formation is inherently bullish for any digital asset, the shorter term does come with some hurdles for the altcoin to surmount first. Related Reading: Bitcoin Open Interest Climbs Above December 2024 Levels, Here’s What Happened Last Time The main thing to focus on here is that this bullish pattern does initially trigger a liquidity sweep of previous lows. In this case, the recent Solana price low lies at the $95 level, which is a 40% decrease from its current price, trending above $150. The possibility of this low sweep is made even more prominent by a couple of technical developments on the chart. The first technical point the analyst shows is the Point of Control (POC) Battle. According to the analysis, the Solana price is now testing this POC level with low momentum, shown by the slow climb over the last few days. Additionally, there is also mounting resistance at the Value Area High and the 0.618 Fibonacci level, which lies just above $163. Then, there is the completion of the C-leg of the wave, putting it as low as $95. A crash to this level becomes more likely if the Solana price fails to break through the resistance with conviction. If the price is rejected and the C-leg does play out, then this correction is expected to trigger the 40% crash to the $95 level. It’s Not All Bearish News As already mentioned above, the bearish leg of the rare bullish harmonic pattern is only temporary and often gives way to an even stronger impulse move. As the crypto analyst explains, the crash to $95 will only happen in the immediate short term, but it does not actually invalidate the overall bullish trend. Related Reading: Market Expert Says It’s Now ‘Illegal’ To Short Bitcoin, Here’s Why Once the D-leg is over and the crash is completed, the crypto analyst predicts that the Solana price will start to rally again. From the predicted $05 lows, an over 100% move is expected to take it back to $200 and beyond before the rally is over. The analyst explains that “Until this scenario is confirmed or invalidated, Solana remains range-bound between major high time frame levels.” Therefore, “Traders should stay alert for signs of rejection at current resistance — or, conversely, a volume-backed breakout above the value area high that would negate the harmonic setup.” Featured image from Dall.E, chart from TradingView.com

Solana has shown a potential breakout from a Symmetrical Triangle. Here’s where the next price target could lie, according to an analyst. Solana Has Surged Above Symmetrical Triangle Resistance In a new post on X, analyst Ali Martinez has talked about how Solana has just broken a resistance line. The level in question is part of a Symmetrical Triangle, a pattern from technical analysis (TA). This pattern belongs to the class of triangles, formations that involve the asset trading within two converging trendlines. The upper line acts as a source of resistance, while the lower one as that of support. A break out of either of these levels implies a continuation of trend in that direction. A surge above the triangle is a bullish sign and a drop under it a bearish one. Since the price’s range becomes narrower as it travels within a triangle, a breakout can become more likely as it approaches the apex. Related Reading: Bitcoin Breakout Not Just Hype—$4.4B Inflows Back The Move Generally, triangle breakouts are considered to be of the same length as the height of the formation (that is, the distance between the upper and lower trendlines at their widest). There are three popular triangle types: Ascending, Descending, and Symmetrical. The first and second variants have one trendline parallel to the time-axis. In the case of the Ascending type, it’s the upper level. This means that as Solana moves inside an Ascending Triangle, its range gets narrower toward a net upside. Similarly, the Descending Triangle involves the opposite setup, with the support line being parallel to the time-axis instead. The third type, the Symmetrical Triangle, is the middle ground between the two: it has the two trendlines approaching each other at a roughly equal and opposite slope. In other words, the Symmetrical Triangle represents a period of consolidation where the range gets narrower in true sideways fashion. Due to this fact, a breakout is more-or-less equally probable to occur in either direction. In contrast, there is a bias associated in Ascending and Descending Triangles. Now, here is the chart shared by Martinez that shows the Symmetrical Triangle Solana was trading inside just earlier: As is visible in the above graph, the Solana price was nearing in on the end of the triangle and as probability would dictate, a breakout was becoming likely. The asset indeed ended up finding a break and it seems to have been in the up direction. Related Reading: Bitcoin Moving With Stocks, But Ethereum’s Correlation Is Fading So what could be next for SOL? According to the analyst, the asset might target $164. This level corresponds to the 1.272 Fibonacci Extension line. Fibonacci Extension levels are defined based on ratios found in the popular Fibonacci series. The 1.272 level, in particular, corresponds to the square root of 1.618, which is the famous ‘Golden Ratio.’ SOL Price At the time of writing, Solana is floating around $158, up 3% in the last 24 hours. Featured image from Dall-E, charts from TradingView.com

Solana is exhibiting strong bullish signs supported by moving averages, volume, and momentum indicators, which hint at a short-term pause or consolidation in the rally. What Bulls Need To Watch To Sustain The Rally In an X post, Gemxbt stated that the Solana 1-hour chart has displayed a bullish market structure, with the price trading above the 5, 10, and 20-day moving averages. The indication of short-term moving averages signals strong upward momentum, which shows that buyers are in control. The recent price action has been supported by notable volume spikes, confirming the strength behind the upward moves and adding credibility to the rally. Related Reading: Solana Whale Moves $152 Million In One Splash—What’s Going On? The key resistance is around $154, where SOL has previously faced selling pressure. This zone will determine whether bullish momentum can push the price higher. On the downside, support is sitting near $150, which is acting as a cushion to absorb any immediate selling pressure and prevent a deeper pullback. The Relative Strength Index (RSI) is approaching overbought territory, which may signal that the asset is due for a period of consolidation or sideways movement before continuing its climb. Meanwhile, the Moving Average Convergence Divergence (MACD) has recently shown a bullish crossover, reinforcing the uptrend and suggesting the upward momentum could continue if buying interest persists. Crypto investor and trader Theodor Coin also revealed that the  Solana 1-hour chart is showing a clear recovery after the dip seen in early July. The open interest is trending upward and has now surpassed $3.62 billion. An increase here typically indicates growing trader market engagement, which is a precursor to heightened volatility and significant price moves. From here, a breakout above the $154 resistance could unleash a powerful rally fueled by the increasing market interest and positive momentum. Uptrend Line Remains Intact — A Positive Sign A crypto analyst known as Day on X also updated that Solana is holding above the long-term support area around $120 on the weekly chart, a level that has been a launchpad for rallies. Related Reading: Solana Ready For $160 Reclaim? Analysts Say Breakout Is A Matter Of Time The long-term uptrend line remains intact, and with each higher low, the case for a massive cup-and-handle pattern becomes stronger. However, this pattern won’t confirm until SOL breaks above the critical $250 resistance zone, a level that capped price action during the previous rally. If SOL manages to break out above the $250 zone, it could unlock a measured move price target of $500, which marks a milestone in Solana’s recovery and expansion. The analyst also noted that SOL is not there yet, and that the first step for bulls is reclaiming $185 resistance level, which has consistently rejected upside attempts. featured image from iStock images, chart from tradingview.com

Solana started a fresh increase above the $155 zone. SOL price is now consolidating gains and might struggle to rise above the $160 resistance. SOL price started a fresh upward move above the $150 and $155 levels against the US Dollar. The price is now trading above $152 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $155 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $160 resistance zone. Solana Price Aims Higher Solana price started a decent increase after it cleared the $152 resistance, like Bitcoin and Ethereum. SOL climbed above the $155 level to enter a short-term positive zone. However, the price is facing a major hurdle at $160 and $162. A high is formed at $159.24 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $148 swing low to the $160 high. Solana is now trading above $155 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $155 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $160 level. The next major resistance is near the $162 level. The main resistance could be $165. A successful close above the $165 resistance zone could set the pace for another steady increase. The next key resistance is $178. Any more gains might send the price toward the $185 level. Another Decline in SOL? If SOL fails to rise above the $160 resistance, it could start another decline. Initial support on the downside is near the $155 zone and the trend line. The first major support is near the $152 level or the 61.8% Fib retracement level of the upward move from the $148 swing low to the $160 high. A break below the $152 level might send the price toward the $145 zone. If there is a close below the $145 support, the price could decline toward the $136 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $155 and $152. Major Resistance Levels – $160 and $162.

As the crypto market moves sideways, Solana (SOL) compresses between two key levels. Some analysts suggest that the cryptocurrency is about to break out and reclaim a crucial resistance level, which could trigger the long-awaited retest of the $200 barrier. Related Reading: Bitcoin Back In ‘Retesting Phase’ After Key Level Reclaim – The Calm Before The Storm? Solana Holds Key Support After recovering from last month’s downtrend, Solana has been attempting to reclaim the crucial $160 level to continue its bullish rally. The cryptocurrency traded between the $140-$180 range for two months, but briefly lost its post-breakout range in late June. Two weeks ago, SOL fell below the $130 area, hitting a two-month low of $126 on June 22. Since then, the altcoin has recovered, fueled by last week’s launch of a Solana staked crypto Exchange-Traded Fund (ETF) in the US by Rex Shares. Following the news, Solana’s price jumped toward the $160 resistance level but was rejected, hovering between the $145-$155 price range for the past week. On Tuesday, SOL fell below the $150 level, hitting the $147 support before bouncing. Analyst Ali Martinez noted that the $147.59 area is one of the most important support levels for Solana, as losing this level could trigger a pullback to the next key zone around the $141 mark. Similarly, market watcher Man of Bitcoin affirmed that SOL’s key support to maintain is around $141.91, adding that “a sustained break below this level would suggest that wave-C of (ii) is already underway.” The analyst previously warned that there is a potential scenario “with one more low in wave-5,” if the cryptocurrency doesn’t hold about the $148 mark. However, maintaining this support would build a base to target the local highs. SOL About To Retest $160? Analyst Carl Runefelt from The Moon Show affirmed that SOL is “about to break off” a triangle formation and test the $162 resistance. As the price compresses between the upper and lower boundaries, the analyst suggested that the cryptocurrency’s breakout is around the corner. Notably, Solana has been forming a one-week symmetrical triangle pattern in the daily chart. If the cryptocurrency successfully breaks above the $152-$153 zone, it could see a 10.87% jump toward the technical target of $167. The Cryptonomist highlighted that SOL broke out of a multi-day diagonal resistance on Sunday, which was retested and confirmed as support after bouncing around the $147 twice since the breakout. Related Reading: 50% Bitcoin Price Crash On The Horizon? Analyst Reveals $60,000 Target The analyst considers that the cryptocurrency is preparing for a continuation of its rally, targeting the one-week high and resistance of $160. Meanwhile, Crypto Jelle noted that despite the April downside deviation, Solana continues to trade within its $125-$180 Macro Range, currently hovering around the mid-range. To him, “it looks like it’s just waiting for BTC to break out. Once it reclaims $160, $200 should come quickly. Above there, new all-time highs are within reach.” As of this writing, Solana is trading at $151.51, a 3.6% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Solana meme coin launchpad Pump.fun has lost a significant chunk of its market share to LetsBonk.fun. This comes just ahead of the former’s token generation event, in which the launchpad could raise up to $4 billion.  Solana’s Pump.fun Loses Dominance To LetsBonk.fun In an X post, Solana News revealed that Pump.fun has hit a new all-time low with just a 36% market share, while LetsBonk.fun’s market share has surged to 54%. Jup data also confirms this development. At press time, LetsBonk boasts a market share of 48.90%, with a 24-hour trading volume of $539 million. On the other hand, Pump boasts a market share of 39.80%, with a 24-hour trading volume of $438 million.  Related Reading: Analyst Says Buying This Meme Coin Is A 3X Leveraged Play If Solana ETFs Go Live This development comes amid Pump.fun’s proposed public token sale, scheduled for July 12. Well-known Solana influencer Lynk has described this token sale as the “final scam” for the meme coin launchpad. The platform has been under heavy criticism for the amount of money that it has extracted from the Solana ecosystem, without incentivizing community members in any way.  Some community members had expected Pump.fun to airdrop its token to rewards platform users instead of conducting a public token sale. Lynk shared details of the public sale, with the meme coin launchpad planning to sell the ‘PUMP’ tokens $0.004 each. The token boasts a total supply of 1 trillion, meaning a fully diluted value (FDV) of $4 billion.  However, Pump.fun plans to raise around $600 million from the public token sale, as only $150 billion tokens will be available. The meme coin launchpad is expected to also conduct a private sale in order to complete its $1 billion capital raise effort, as earlier reported.  LetsBonk.fun To Keep Dominating Pump.fun In an X post, crypto influencer Unipcs, also known as ‘Bonk Guy,’ opined that Pump.fun isn’t done, but that LetsBonk.fun will likely continue to be the industry leader. He predicts that this will be the case for the foreseeable future. He outlined several reasons why he believes this would be the case.  Related Reading: Solana Picture Bigger Than $420: Analyst Predicts 140% Surge To New ATHs Firstly, he stated that LetsBonk’s pro-creator, pro-people, pro-Solana ecosystem alignment is a massive strength over Pump.fun. Secondly, Bonk Guy remarked that the strong culture of support within the BONK ecosystem is incredibly hard to replicate by any other platform in a short period.  Furthermore, the crypto influencer remarked that Pump.fun had a lot of momentum as a tokenless protocol, especially with a token generation event (TGE). However, LetsBonk.fun was able to flip the platform during this period. As such, Bonk Guy believes that it is hard to see Pump.fun sustainably recover the kind of market share it once had after the TGE event.  He also suggested that a “non-negligible amount of activity on Pump.fun is inorganic with a lot os users farming on the platform, hoping that there was going to be an airdrop. As such, the influencer believes that the traffic will dry up once the TGE is over. Featured image from Adobe Stock, chart from Tradingview.com

Solana is facing a critical test this week, consolidating in a tight range between $145 and $160 since Monday. The price action reflects strong buying interest but also hesitation as bulls struggle to reclaim higher levels. Despite holding above key support, Solana must break decisively above resistance to confirm a bullish breakout and continue its upward trend. Related Reading: Ethereum Forms Rising Wedge Pattern – $2,200 Support Back In Focus? Market momentum has favored bulls in recent weeks, but Solana’s inability to breach the $160 zone raises questions about the strength of this trend. Top analyst Carl Runefelt shared insights highlighting that Solana is currently ranging within a rising channel pattern—a structure that, while seemingly bullish, can often precede a breakdown to lower demand zones if support fails. This makes the coming days especially important for SOL’s trajectory. As macro conditions improve and Bitcoin flirts with new all-time highs, Solana is expected to respond in kind. However, technical signals suggest caution. A break below the rising channel could target the $128.50 support area, while a successful breakout above $160 could open the door to retesting local highs. Traders and investors alike are closely watching Solana’s next move in this high-stakes consolidation phase. Solana Holds Key Support Amid Rising Channel Formation Solana is currently trading below the $150 level, reflecting a notable 20% decline from its local high set in May. Despite this setback, the asset continues to hold a strong support base, signaling that bullish sentiment has not entirely faded. The broader market remains in a consolidation phase, with Solana showing signs of indecision as it moves sideways within a tightening price range. Analysts remain cautiously optimistic, pointing out that a breakout above the key $150–$160 supply zone could spark renewed upside momentum. However, the current price structure suggests that Solana may not be ready yet to retest previous highs. According to Carl Runefelt, Solana is ranging within a rising channel—a pattern that can lead to sharp movements if broken. While rising channels can sustain bullish continuation, a breakdown below the lower trendline often results in accelerated downside moves. Runefelt warns that if Solana breaks below the channel, the next key support area lies around $128.50. This level has historically acted as a strong demand zone and could serve as the next target in the event of a bearish move. In the meantime, Solana’s consolidation reflects broader market uncertainty, with traders waiting for a decisive breakout or breakdown to guide positioning. A successful reclaim of the $150 level would improve sentiment significantly and could set the stage for a push toward the $170–$180 range. On the other hand, failure to hold above current levels may shift the narrative toward further downside risk. Related Reading: Chainlink Consolidates Above Key Support – Bulls Eye $20 Range SOL Holds Range Amid Resistance Solana (SOL) is currently trading at $147.62, moving sideways within a tightening range and forming a potential rising channel pattern. The daily chart reveals that SOL has been unable to break decisively above the $155–$160 resistance zone, while strong support remains near the $140 level. Price action shows repeated rejections near the 100-day moving average (blue line), which now acts as dynamic resistance around $155.60. The 200-day moving average (red) sits further above $165.54, marking a long-term resistance area. Volume remains relatively low compared to early June spikes, suggesting market participants are waiting for a clear breakout direction. A push above $160 would likely trigger bullish momentum, potentially opening the door toward the $170 level. However, the rising channel identified by analysts suggests a possible downside risk if the lower trendline fails. Related Reading: Litecoin Surges Past Descending Resistance – Bulls Target $97.10 Level If Solana breaks below the $145 support and falls out of the channel, the next target would be the $128.50 area, which previously acted as a demand zone in mid-May. Until then, bulls must defend current levels and aim to reclaim the 100-day SMA to maintain the broader recovery structure. The coming sessions may offer clarity as consolidation nears its resolution. Featured image from Dall-E, chart from TradingView

Solana started a recovery wave above the $150 zone. SOL price is now correcting gains and might struggle to rise above the $155 resistance. SOL price started a fresh decline after it failed to clear $155 against the US Dollar. The price is now trading near $152 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $151 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $156 resistance zone. Solana Price Trims Gains Solana price started a decent increase after it cleared the $150 resistance, like Bitcoin and Ethereum. SOL climbed above the $152 level to enter a short-term positive zone. There was a move above the 50% Fib retracement level of the downward move from the $160 swing high to the $144 low. However, the bears were active near the $156 resistance. They protected a move above the 76.4% Fib retracement level of the downward move from the $160 swing high to the $144 low. The price is now moving lower and trading below the $154 level. Solana is now trading near $152 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $151 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $155 level. The next major resistance is near the $156 level. The main resistance could be $160. A successful close above the $160 resistance zone could set the pace for another steady increase. The next key resistance is $162. Any more gains might send the price toward the $165 level. Another Decline in SOL? If SOL fails to rise above the $155 resistance, it could start another decline. Initial support on the downside is near the $150 zone. The first major support is near the $146 level. A break below the $146 level might send the price toward the $142 zone. If there is a close below the $142 support, the price could decline toward the $136 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $150 and $146. Major Resistance Levels – $155 and $160.

Solana started a fresh decline and retested the $145 support zone. SOL price is now recovering and might aim for a fresh increase above the $150 zone. SOL price started a fresh decline after it failed to clear $160 against the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $147 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $152 resistance zone. Solana Price Trims Gains Solana price struggled to continue higher above $160 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $155 and $152 support levels. It even dipped below $150 and tested the $145 zone. A low was formed at $144 and the price is now correcting some losses. There was a move above the 23.6% Fib retracement level of the downward move from the $160 swing high to the $144 low. Besides, there was a break above a key bearish trend line with resistance at $147 on the hourly chart of the SOL/USD pair. Solana is now trading below $150 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $150 level. The next major resistance is near the $152 level. It is close to the 50% Fib retracement level of the downward move from the $160 swing high to the $144 low. The main resistance could be $155. A successful close above the $155 resistance zone could set the pace for another steady increase. The next key resistance is $160. Any more gains might send the price toward the $165 level. Another Decline in SOL? If SOL fails to rise above the $150 resistance, it could start another decline. Initial support on the downside is near the $145 zone. The first major support is near the $142 level. A break below the $142 level might send the price toward the $136 zone. If there is a close below the $136 support, the price could decline toward the $125 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $145 and $142. Major Resistance Levels – $152 and $155.

Solana has returned to the spotlight as speculation around a potential Solana ETF approval gains momentum. While still unconfirmed, growing signals from market insiders suggest that regulatory green lights may not be far off. If approved, a Solana ETF would mark a major milestone for the ecosystem, opening the door to traditional capital flows and broader institutional exposure, similar to what Bitcoin and Ethereum experienced following their own ETF breakthroughs. For long-term investors, this development could set the foundation for a new phase of sustainable growth. Related Reading: Strong Ethereum Accumulation Detected: LTH Buying Heavy During June Consolidation Supporting this bullish outlook is fresh data from Glassnode, which shows that the number of wallets holding over 0.1 SOL has reached a new all-time high. This milestone marks an increase in retail participation and growing confidence in Solana’s long-term potential. As the network continues to mature, the rise in small holders also signals expanding grassroots adoption—an encouraging sign during a period of market uncertainty. While short-term price action may still be driven by broader macro trends, sentiment around Solana is clearly improving. If ETF approval becomes a reality, the combination of increased accessibility and rising on-chain adoption could significantly boost Solana’s market position in the coming months. Solana Growing On-Chain Adoption Solana is currently trading below the $150 mark after experiencing a sharp retracement from its May high. The asset has lost more than 20% in value since peaking earlier this cycle, driven largely by broader market consolidation and declining risk appetite across altcoins. Despite the recent pullback, SOL continues to hold a strong support zone near the $135–$140 range, which has proven resilient during previous sell-offs. Analysts remain cautiously optimistic, noting that a sustained push above key supply zones—particularly the $155–$165 range—could reignite bullish momentum. However, the market remains in a phase of indecision. Price action across major assets, including Solana, reflects uncertainty as traders wait for a clear breakout or breakdown to confirm the next move. Without a strong catalyst, SOL may continue to consolidate alongside the broader altcoin market. Amid the sideways price action, one encouraging signal is the growing on-chain adoption. Top analyst Ali Martinez shared data from Glassnode showing that the number of wallets holding over 0.1 SOL has reached a new all-time high, now exceeding 11.44 million. This steady rise in non-zero wallets points to expanding retail participation and long-term holder confidence, even as short-term volatility persists. The divergence between price action and user adoption suggests that Solana’s fundamental growth remains intact. If momentum returns and macro conditions improve, Solana may be well-positioned for a breakout, especially with ETF rumors fueling speculative interest. For now, the $150 level remains a psychological pivot as the market watches for signs of direction. Related Reading: Bitcoin Dominance Shows Bearish Divergence – Altseason Could Be Near SOL Price Action Details: Key Levels To Watch Solana (SOL) is currently trading at $149.30, just below the key resistance confluence of the 50-day, 100-day, and 200-day moving averages, all clustered between $150 and $151. This area has acted as a strong technical barrier, and SOL’s repeated failure to reclaim it reflects the market’s hesitancy amid broader uncertainty. After rallying to $159.99 earlier in the session, bears stepped in and pushed the price back down, closing the candle with a bearish wick, signaling ongoing selling pressure. The chart reveals a prolonged consolidation pattern that has developed since the mid-May rejection near $180. Despite several bounce attempts, SOL has not been able to regain bullish momentum. The volume profile also suggests fading interest during upswings, a common trait during accumulation or exhaustion phases. Notably, price remains above the March low, preserving a key higher low structure, which is crucial for the broader bullish outlook. Related Reading: Bitcoin Struggles Below ATH After Weeks Of Failed Attempts – $109K Level In Focus If SOL breaks above the $151–$155 range with sustained volume, it could trigger a move toward $180. However, failure to clear this resistance might lead to another test of support around $135. Traders should watch for a decisive close above the moving average cluster to confirm trend continuation, especially with ETF speculation fueling long-term optimism. Featured image from Dall-E, chart from TradingView

Solana (SOL) has retested a crucial resistance level after recovering the $150 level over the weekend. The surge, fueled by the upcoming launch of a SOL-based staked exchange-traded fund (ETF), has led some analysts to forecast a rally toward the next key target. Related Reading: Bitcoin Price At $145,000 In September? Bullish Dojis Suggest Upward Move Solana Staked ETFs Coming On Wednesday On Monday, Solana’s price soared to a key resistance level following the introduction of “the first-ever Solana staked crypto ETF in the US.” Rex Shares announced it will launch a Solana-based staked ETF this Wednesday, aiming to offer exposure to SOL and staking rewards. According to the X post, the REX-Osprey ETF will track SOL’s performance while “generating yield through on-chain staking,” starting a “new era of yield-generating crypto exposure.” As a result, Solana climbed to the $160 barrier, which led to nearly $9 million in short positions liquidated on Monday afternoon. Market Watcher Daan Crypto Trades considers Solana “bounced nicely over the weekend” but has yet to turn the Low Timeframe (LTF) trend around. He explained that reclaiming the $159-$167 area is necessary to aim for higher levels. Additionally, the Daily 200-day Moving Average (MA) and Exponential Moving Average (EMA) are currently located within this range. “I would want to see price trade back above that to start targeting the $180-$200 region again,” he detailed. Nonetheless, the trader questioned whether a Solana spot ETF-driven rally will fuel the cryptocurrency’s run. Notably, multiple investment firms, including Grayscale, VanEck, 21Shares, and Bitwise, have filed with the Securities and Exchange Commission (SEC) to launch a spot SOL ETF in the US. According to recent reports, the investment products have a “high likelihood” of being approved in the coming weeks, which has seemingly fueled investors’ expectations of a bullish “Solana Summer.” “The big question is how much demand there will be,” Daan asserted, noting that Ethereum (ETH) sport ETFs, approved in July 2024, had a disappointing launch and “only started seeing decent inflows about a year later.” SOL Ready For Another Breakout? Following the ETF-fueled breakout, analyst Hardy noted Solana’s “Textbook move, clean breakout, clean retest, and pump,” which could trigger a run toward the $200 barrier. Notably, the cryptocurrency saw a remarkable performance over the weekend, reclaiming the $144-$148 crucial area and breaking past the $150 mark. Amid this performance, the analyst highlighted that Solana had broken out of its local downtrend line after reclaiming the $148 resistance and was retesting the breakout zone. He explained that there is “Juicy liquidity sitting above, ready to be taken,” adding that Solana needed to hold the $150 support to continue its bullish run toward the next target. Related Reading: Analyst Reveals Rational Behind XRP Price Reaching $9.5 And $37.5 Meanwhile, analyst Crypto Batman considers that Solana is “setting up very nicely” after the $160 retest. Per the post, “It has broken out from a bullish flag pattern that bottomed at the 0.618 Fibonacci level, a clear sign of impulsive strength in the trend.” It’s worth noting that SOL has been trading within the bullish formation since the May breakout, hovering between the $130 and $180 range for nearly two months. The analyst forecasted that a quick retest to close the bullish Fair Value Gap (FVG) and the pattern’s upper boundary, around the $148 area, “could set the stage for the next leg.” As of this writing, Solana is trading at $155, a 2% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Solana is displaying signs of strength as it trades with a key chart pattern, which indicates that the altcoin is preparing for a solid move. The price has been holding steady, forming lower highs and higher lows within a narrowing range. This pause in momentum could be setting the stage for another breakout. Key Resistance Levels In Focus As Breakout Approaches Solana has developed a bullish flag pattern on the daily chart, signaling a continuation of its uptrend. According to Dynamite Trader’s post on X, this pattern often precedes strong breakouts, suggesting that momentum could soon accelerate. Related Reading: Solana (SOL) Breakout Watch: Price Could Rally Hard Above $150 Level? Currently, SOL’s price is holding above the midline of the flag, indicating underlying strength. However, it’s also testing the daily 100 moving average (MA100), which is acting as a dynamic resistance. SOL’s reaction to this level will be crucial in determining whether the bullish flag leads to a decisive breakout or a deeper consolidation. Another analyst, Henry, highlighted that Solana is gearing up for a big move after completing a clean Cup and Handle breakout on the 4-hour chart, a bullish pattern that signals continuation. The breakout saw SOL flip the $149 resistance into support, a key technical shift. If this level holds, Henry sees a rally toward the $168 to $174 zone, which aligns with previous resistance levels and bullish extension targets. He adds a warning that volatility is increasing, and high-leverage positions are at risk on both sides. Solana is setting up a clean wedge on the weekly chart. Currently trading at $150, SOL has been consistently bouncing between support and resistance levels, which is known for building pressure before delivering sharp moves. Talking about this, Top G emphasizes that if this plays out as expected, the next leg up could be significant, and $300 isn’t just speculation; it’s a realistic target based on the structure and behavior. Holding Above The Breakout Zone Could Accelerate The Move Upward Solana has broken above the downtrend line on the 4-hour chart. This move could mark a pivotal shift in short-term momentum, with potential bullish continuation if current levels hold.  Related Reading: Solana Price At ‘A Very Delicate Level’ – Analyst Says $148 Reclaim Is Key If SOL maintains its position above this trend line, crypto analyst Bens BTC noted that the price could climb toward the next resistance area at $165. The price action is forming a bullish structure, and momentum indicators may soon align with the breakout, further supporting the continuation of the upside. The asset had broken out with strong momentum and is now trading firmly within a long-term bullish channel, a structure that has supported uptrends. The price action looks clean, with higher highs and higher lows forming as SOL surges upward. Furthermore, analyst Persis10t revealed that momentum is picking up, and as long as the channel remains intact, the path forward could be explosive. If the structure holds and attracts volume, Persis10t projects a target of $700+ in the next run, pointing to the upper boundary of the bullish channel as a magnet for price. Featured image from iStock Images, chart from tradingview.com

As the crypto market looks toward a recovery and the likes of Solana make their way out of losses, a crypto trader has called out one meme coin that could be a great play as the SOL price recovers. The BONK meme coin, currently the largest meme coin in the Solana ecosystem and billed for triggering the revival of the blockchain, continues to receive a lot of support as a meme coin that could outperform as the market ushers in the next altcoin season. Solana’s BONK Meme Coin Is The Play Crypto analyst and trader Unipcs became popular in crypto circles on the social media platform X (formerly Twitter) after turning $16,000 into more than $10 million with a long BONK trade. Despite making what many have referred to as a life-changing trade, the trader has refused to close this trade, with the expectation that the meme coin will continue to rise. Related Reading: TD Sequential Flashes Buy: Dogecoin Ready For Rebound To $0.21 In a recent post, Unipcs has once again reiterated his support for the BONK meme coin and why he believes it’s a great play to be involved in. The post mainly points to bullish developments surrounding the Solana ecosystem and why BONK could be a way to maximize gains as the Solana price rallies. The first bullish development the crypto analyst points to is the fact that a Solana ETF is expected to hit the market soon. When this happens, the Solana price is expected to recover in response, possibly rising toward new all-time highs, something that would translate into more bullishness for meme coins domiciled on the blockchain. As for BONK, Unipcs explained that the meme coin acts as a 3X leveraged bet on the Solana price. This is because historically, the BONK price has often risen 3X higher than any gains that Solana puts in. Its highly volatile nature as a meme coin also contributes to this, as it is prone to rapid bursts of rising prices, the same way it is prone to quick crashes. Related Reading: Bitcoin Price At $110,000: Why BTC Must Break Out Of This Wedge Furthermore, the expectations of a Solana ETF being approved by the Securities and Exchange Commission (SEC) are not the only thing propelling the bullishness of BONK. BONK, itself, also has a pending ETF filing with the commission, and the approval of a Solana ETF increases the likelihood of a BONK ETF approval, giving the meme coin even more fuel to rally. Given these bullish factors, the crypto analyst believes that being in BONK could be a good play, especially as the price remains 75% below its all-time high. “Ff we do get Solana season soon, you do not want to be underexposed to BONK,” Unipcs said in closing. Featured image from Dall.E, chart from TradingView.com

Despite recovering from the weekend retrace, Solana (SOL) is trading between two levels that could make or break the altcoin’s rally. Nonetheless, some analysts suggest that the cryptocurrency could be gearing up for a massive breakout beyond the local highs. Related Reading: Injective Prepares For Bullish Reversal Amid 25% Recovery – Analyst Forecasts Massive Breakout Solana Sits At Decisive Level On Wednesday, Solana fell to the $143 mark after failing to reclaim a crucial area lost over a week ago. Following the May breakout, the cryptocurrency hovered between the $148-$184 price range, hitting a four-month high of $187 at the end of last month. However, the June market pullback saw SOL lose its range and move toward the $144-$148 levels. This area was briefly lost during the weekend retrace, with Solana falling to the $125 support level before recovering. Over the past three days, the altcoin has surged nearly 15%, touching the $148 barrier on Wednesday morning, which has been one of the key levels since May. After recovering from the recent drop, SOL has attempted to reclaim this level, but was rejected once again. Analyst Sjuul from AltCryptoGems highlighted that Solana “just completed a very nice V-shaped recovery from the low,” but noted that the cryptocurrency is at a “very delicate level” as it trades within the $144-$148 zone. He suggested that investors should pay attention to this area, as a reclaim of the $148 resistance could propel the price to a “quick move to the upside.” On the contrary, rejection from this level and losing the $144 range low could signal that the recent price action was a bearish retest. Analyst Man of Bitcoin affirmed that a “sustained break above the resistance zone would be the first signal that the chart has formed a low. He detailed that a confirmed break above the $148 resistance would support the case for a reversal. Nonetheless, he warned that a potential scenario “with one more low in wave-5.” SOL Ready For A Rally Continuation? As price hovers between the $143-$144 levels, market watcher Altcoin Hunter considers that SOL is “dancing with the devil.” He pointed out that the cryptocurrency has been trading within a one-month falling wedge, with the $148-$150 rejection zone “coming in HOT.” Per the post, failing to break out will send Solana “back to the shadow realm,” but “given how easily market sentiment shot up, Valhalla is likely.” Meanwhile, trader Rose Premium Signals stated that the cryptocurrency is “preparing for a strong breakout” from its one-month falling wedge pattern. Related Reading: Cardano Headed For $0.32 If This Level Isn’t Reclaimed – Is ADA’s Rally Over? The market watcher that Solana bounced from the crucial $125-$130 demand zone, which is in confluence with the 0.618 Fib level. Notably, the altcoin held above this area on the weekly timeframe despite the pullback. According to the trader, a breakout from the formation could trigger a “sharp move upward” toward the initial $204 target, potentially followed by a surge toward the $229 and $258 areas. As of this writing, Solana is trading at $143, a 1.3% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Solana started a fresh increase from the $125 zone. SOL price is now consolidating gains and aims for more gains above the $150 level. SOL price started a fresh increase above the $132 zone against the US Dollar. The price is now trading above $142 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $142 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $150 resistance zone. Solana Price Aims For More Gains Solana price remained supported above $125 and started a fresh increase, like Bitcoin and Ethereum. SOL gained pace and traded above the $132 resistance level. The bulls pushed the price above the $142 and $145 levels. They are now facing hurdles near $148 and $150. A high was formed at $147 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $126 swing low to the $147 swing high. Solana is now trading above $142 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $142 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $148 level. The next major resistance is near the $150 level. The main resistance could be $155. A successful close above the $155 resistance zone could set the pace for another steady increase. The next key resistance is $160. Any more gains might send the price toward the $165 level. Another Decline in SOL? If SOL fails to rise above the $150 resistance, it could start another decline. Initial support on the downside is near the $142 zone. The first major support is near the $136 level or the 50% Fib retracement level of the upward move from the $126 swing low to the $147 swing high. A break below the $136 level might send the price toward the $130 zone. If there is a close below the $130 support, the price could decline toward the $125 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $142 and $136. Major Resistance Levels – $148 and $150.

Solana has broken down decisively, losing a critical support level following news that the United States launched an attack on Iranian nuclear facilities. The unexpected geopolitical development triggered widespread panic across financial markets, with altcoins taking the hardest hit. Solana, in particular, has seen significant selling pressure, dropping 20% from its May high of approximately $185 and now trading near $148. Related Reading: Ethereum Charts Signal Potential Bottom – All Eyes On Next Move This breakdown confirms investor concerns that SOL’s uptrend has weakened. Top analyst Carl Runefelt noted that Solana has completed a Head and Shoulders pattern—a bearish technical structure often signaling deeper downside. The price has broken below the neckline of this pattern, confirming the potential for continued declines in the short term. Adding to the bearish outlook is Solana’s inability to reclaim its prior support levels during brief bounces. With momentum indicators turning negative and broader market sentiment rattled, the likelihood of a swift recovery appears slim unless macro conditions stabilize. Solana Faces Deeper Correction As Bearish Pattern Unfolds Solana’s bullish momentum from late 2024 has all but faded, replaced by stagnation and sharp corrections as market conditions worsen. Now trading more than 50% below its all-time high, SOL continues to struggle under the weight of global macroeconomic uncertainty and rising geopolitical tensions. The US military strike on Iranian nuclear facilities has only added to the volatility, sending shockwaves through both traditional and crypto markets. While Solana was one of the strongest performers during the previous cycle, its price action has turned decisively bearish in recent weeks. Bulls have failed to maintain critical support levels, and the asset has now broken below its short-term trend structures. According to Runefelt, Solana has completed a Head and Shoulders pattern, a classic technical signal that often precedes a prolonged downtrend. The pattern’s neckline has been breached, and the projected bearish target now stands around $106.30—a level not seen since February. The breakdown also reflects broader weakness in the altcoin market. Despite earlier hopes for an altseason, capital has rotated out of risk assets, favoring Bitcoin and stablecoins amid uncertainty. Solana’s inability to reclaim prior highs or establish higher lows points to a market in retreat. Momentum indicators continue to flash red, and unless bulls reclaim lost ground quickly, SOL could be facing an extended period of consolidation or further losses. Related Reading: Tron Energy Usage Surges 108% – Smart Contract Activity Accelerates SOL Price Analysis: Breaking Below Key Support Solana is under pressure as it breaks below the critical 200-day simple moving average (SMA) around $149.54, a level that had previously acted as dynamic support. This breakdown signals growing bearish sentiment as price action confirms a loss of momentum following weeks of consolidation below the $155–$160 resistance zone. As of now, SOL is trading at approximately $135.99, down nearly 3% on the day and over 20% from its May highs. The chart shows a rejection near the 100-day SMA (green line), and the sustained move below both the 200-day and 50-day SMAs (blue line) points to a shifting structure, leaning heavily toward the downside. Volume remains elevated on red candles, confirming that the breakdown is supported by increasing sell pressure rather than a low-liquidity move. Related Reading: Ethereum Prepares For A Decisive Move: ETH/BTC Setup Could Trigger Altseason If the current trend continues, Solana could revisit the $120–$125 range, which previously served as strong support in early Q1 2025. The broader context of macroeconomic volatility and geopolitical tension, particularly the recent U.S. attack on Iran, adds to investor unease across risk assets, including altcoins like Solana. A daily close back above $149 would be needed to neutralize the short-term bearish structure and shift sentiment. Until then, downside risks dominate. Featured image from Dall-E, chart from TradingView

Solana is currently testing a critical demand zone near the $150 level after enduring weeks of persistent selling pressure and a broader shift in market sentiment. The asset is now trading roughly 20% below its May high of $185, with recent attempts at recovery facing strong resistance. Despite holding above major support for now, the overall structure suggests that downside risk remains if market conditions don’t improve soon. Related Reading: Ethereum Analyst Eyes High Timeframe Close – Range Break Above $2,800 Could Be Violent Top analyst Efloud shared a technical analysis on X, highlighting the importance of tracking Solana’s response to broader Bitcoin dynamics. He noted that if Bitcoin (BTC) continues to consolidate sideways while Bitcoin dominance (BTC.D) rises, altcoins like SOL may struggle. In that case, Solana could continue retracing to find stronger support at mid-zones, particularly around the $123 and $116 levels. These price zones have previously acted as solid support/resistance areas and could serve as key inflection points should bearish momentum persist. A breakdown toward these targets would likely coincide with increasing BTC.D and continued investor caution in the altcoin market. Until then, SOL remains vulnerable within a fragile technical structure, and traders will closely watch for either a rebound or deeper correction in the coming days. Solana Holds Key Support As Analysts Eye Bullish Scenarios Solana is currently trading about 50% down from its all-time highs, with the explosive momentum seen at the end of 2024 now replaced by more subdued price action. The asset’s underperformance has left investors cautious, but many analysts remain optimistic about Solana’s potential once a new altcoin rally begins. For now, the focus is on holding critical demand zones that could determine whether SOL is gearing up for a recovery or further downside. According to Efloud, if Bitcoin continues consolidating sideways while Bitcoin dominance rises, Solana may find support at several mid-zones, particularly around $123 and $116. The $140 region has historically acted as a strong support/resistance flip, and a deviation around this level—losing it briefly before regaining it with strength—could present a short-term buying opportunity. Efloud notes that this scenario doesn’t necessarily imply that SOL must drop to those levels, but current market conditions—aside from Bitcoin—lack strong pair structures. If SOL can decisively break above the $168 resistance, a new leg upward could be triggered, with $230 potentially acting as the next major resistance zone. On the SOL/BTC pair, Efloud is watching for a reclaim of the 0.0015 level or a pullback toward 0.00115 for confirmation. Another key support sits at 0.000988 sats. Despite the current cooling, the structure may still offer solid opportunities for new entrants. If these levels hold and macro conditions improve, SOL could be setting the stage for a sustainable rally, ultimately leading to new all-time highs. Related Reading: Ethereum Mirrors Bitcoin 2017-2021 Pattern – $4,000 Is The Trigger Point Weekly Chart Analysis – Holding the Line Near Key Support Solana is currently trading at $148.33 on the weekly timeframe, showing a 3% decline over the past seven days. The price has dropped roughly 20% from its May high of around $185 and is now testing the critical $140–$150 support zone. This level has repeatedly acted as a pivot point in the past and could define SOL’s short-term trajectory. The chart shows that Solana has been unable to reclaim the 50-week moving average (currently near $170), which now acts as key resistance. A decisive weekly close above this level would open the door for a bullish continuation toward $185 and possibly $200. However, failure to hold above the 100-week moving average around $132 could lead to further downside pressure, with $123 and $116 as the next demand zones to watch—levels identified by analyst Efloud in his mid-zone scenario. Related Reading: Bitcoin Consolidates as Realized Profits Stay Low – No Signs Of Major Sell-Off Yet Volume has declined steadily over the past three weeks, signaling reduced participation, but also suggesting that aggressive selling is fading. If bulls manage to reclaim $160 with conviction, the structure remains favorable. For now, SOL remains in a consolidation phase, awaiting either a breakout or further correction as broader crypto market conditions unfold. Featured image from Dall-E, chart from TradingView

Amid the geopolitical turmoil, Solana (SOL) has retraced 10% in the past week. Some analysts believe that the altcoin’s correction is about to end, but warned that a dip below a key support level might come first. Related Reading: SUI Preparing For New Highs As Falling Wedge Breakout Targets $5 Solana Eyes Key Retest Before Breakout After retesting the $168 resistance last Wednesday, Solana has fallen back to a key level fueled by the recent market pullback. The cryptocurrency has seen a 15% retracement from its monthly highs, trading around the $140 zone for the past three days. SOL has been hovering between the $145-$180 price range since its May breakout, falling to the range lows during the June market shakeouts. Since then, the altcoin has struggled to reclaim the $160-$170 mid-zone. Nonetheless, market watcher Lluciano considers that Solana “may dip a bit more, but the ultimate target is seriously huge.” The analyst highlighted SOL’s performance since April, noting that it ended its multi-month downtrend after breaking above its descending resistance at the end of March. After this price action, SOL retested the $100-$120 demand zone before breaking out to its current range in the following weeks. Now, the altcoin’s chart displays a one-month falling wedge pattern, with the upper boundary sitting around the $155-$160 area. To the analyst, a breakout from this pattern could send the cryptocurrency toward May’s $187 high resistance before propelling the price to retest the $240 mark. Similarly, trader Rose noted that SOL has been consolidating above the key $145 resistance and 50-day Moving Average (MA), signaling a potential breakout. “If confirmed, the price could rise toward targets at $165, $183, and $220,” they suggested. SOL To Underperform In Coming Months? Market watcher Crypto Bullet suggested that Solana’s correction is coming to an end. The analyst forecasted that SOL could soon lose its current range and retest the April consolidation range, around the $125-$135 area, to complete the correction. This would be followed by a bounce back into the current range before surging past the $200 barrier toward the $220-$250 targets, for “one more wave up” this cycle. Meanwhile, Altcoin Sherpa affirmed Solana won’t outperform like it did during the first half of the cycle. According to the analyst, the cryptocurrency won’t outperform Bitcoin (BTC) on any long-term timeframe “other than a few blips here and there.” Related Reading: Bitcoin Setting Up For ‘Large Move’ Amid $103,000 Retest – Key Levels To Watch He explained that the cycle’s leading altcoin isn’t “dead,” but that he doesn’t “see it having a run like it did in 2021/2024.” Notably, SOL is currently retesting its late November 2023 support levels against BTC, which previously sent it to yearly lows after failing to hold them. Altcoin Sherpa concluded that Solana will likely continue to climb against its USDT pair but continue to bleed in its SOL/BTC chart. As of this writing, Solana is trading at $145, a 12.1% decline in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Solana has declined by around 13% in the past week, which has brought the asset back to a major on-chain support cluster. Could this be where the bleed ends? Solana Has Strong On-Chain Support Between $145 & $147 In a new post on X, the on-chain analytics firm Glassnode has talked about where support and resistance levels lie for Solana based on the Cost Basis Distribution (CBD) metric. Related Reading: These Altcoins Are Bucking The Trend—But Can They Keep It Up? The Cost Basis Distribution tells us about how much of the cryptocurrency’s circulating supply was last purchased or transferred at what spot price. Below is the chart shared by Glassnode that shows the data of the indicator for Solana over the past few months. As is visible, there are a few price zones near the current Solana spot price that stand out in terms of the amount of supply that they hold. The $155 to $157 range carries the cost basis of around 31 million tokens and the $164 to $166 range that of 29 million tokens. A third demand zone exists at $145 to $147, a region that the cryptocurrency’s price is currently making a retest of. Here, the investors last purchased a total of 13 million SOL. To any investor, their cost basis is an important level, so they are more likely to show some kind of move when a retest of it occurs. Generally, this type of reaction isn’t anything relevant for the asset when just a few holders share their acquisition mark at the level, but when a large amount of them are involved, like in the case of the range that SOL is retesting right now, a sizeable reaction can sometimes appear. Generally, these moves tend toward buying when the retest occurs from above. That is, when the investors were in the green prior to the retest. This happens because these holders might believe the price decline to be just a dip opportunity or they may simply want to protect their cost basis. Similarly, holders might panic sell when the retest happens from below. This could happen because underwater sellers can be desperate to get back into the green and once they do, they might fear that the rise is only temporary so they could push for the exit. As Solana is retesting the $145 to $147 range from above, it’s possible that buyers from this region could provide support to the asset and help cushion its fall. In the event that a turnaround does happen, the $155 to $157 resistance range could be of focus next. Related Reading: Bitcoin NVT Enters Reversal Zone: BTC Dangerously Overvalued? The analytics firm has also shared the CBD of another altcoin, Tron (TRX). As Glassnode explains, Cost Basis Distribution shows TRON found support in the $0.26–$0.27 range, where over 14B $TRX is held -marking the strongest cluster on the chart. Above that, the supply is relatively thin and most investor positioning remains below current price. SOL Price Solana is currently hanging right at the lower end of the support range as its price is floating around $145. Looks like the price of the coin has plunged during the last couple of days | Source: SOLUSDT on TradingView Featured image from Dall-E, Glassnode.com, chart from TradingView.com

Solana started a fresh decline from the $160 zone. SOL price is now consolidating losses and might decline further below the $145 level. SOL price started a fresh decline from the $160 resistance zone against the US Dollar. The price is now trading below $155 and the 100-hourly simple moving average. There was a break below a bullish trend line with support at $150 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $152 resistance zone. Solana Price Dips Further Solana price failed to continue higher above the $160 level and started a fresh decline, like Bitcoin and Ethereum. SOL gained pace and traded below the $155 support level. There was a break below a bullish trend line with support at $150 on the hourly chart of the SOL/USD pair. The pair even traded below the $148 level. A low was formed near $145 and the price recently started a consolidation phase. It tested the 23.6% Fib retracement level of the recent decline from the $158 swing high to the $145 low. Solana is now trading below $150 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $150 level. The next major resistance is near the $152 level. It is close to the 50% Fib retracement level of the recent decline from the $158 swing high to the $145 low. The main resistance could be $155. A successful close above the $155 resistance zone could set the pace for another steady increase. The next key resistance is $160. Any more gains might send the price toward the $165 level. Another Decline in SOL? If SOL fails to rise above the $152 resistance, it could start another decline. Initial support on the downside is near the $145 zone. The first major support is near the $142 level. A break below the $142 level might send the price toward the $130 zone. If there is a close below the $130 support, the price could decline toward the $125 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $145 and $142. Major Resistance Levels – $152 and $155.

After a volatile but bullish start to June, Solana (SOL) is now facing strong selling pressure amid rising global uncertainty. The sudden escalation in the Middle East—triggered by Israel’s recent strike on Iran—has sparked market-wide volatility, prompting a flight to safety and a pullback across risk assets. Solana, which had been showing momentum alongside Bitcoin and Ethereum, has dropped over 15% since June 11, erasing much of its early-month gains. Related Reading: Ethereum Repeats History – Key Support Holds Again Ahead Of Potential Rally As macro risks continue to rise, the altcoin market remains vulnerable to further downside. SOL is now approaching a critical technical level, and a breakdown could signal deeper losses if global tensions persist. Top analyst Cheds shared a technical analysis revealing that Solana is now re-testing a key daily demand zone, a level that previously supported bullish continuation. If this area fails to hold, Solana could revisit lower support levels seen earlier this year. For now, traders are watching closely to see if buyers step in to defend the zone or if further conflict will fuel more risk-off behavior. The next few days will be critical in determining whether SOL can bounce or if the broader market downturn intensifies. Solana Re-Tests Key Support As Market Tensions Mount Solana is standing below key levels, retracing after a brief rally attempt earlier this week. The asset had spent several days consolidating beneath the $170 level, failing to break above resistance as selling pressure intensified amid rising global tensions. Now, with the broader market on edge following the Israel–Iran conflict escalation, SOL finds itself back at a critical support zone. Bulls remain cautiously optimistic, encouraged by the broader market’s resilience and the potential for Bitcoin and Ethereum to regain strength. However, caution dominates sentiment as Solana, like most altcoins, still trades significantly below its all-time high near $260. The current environment of geopolitical risk and macroeconomic uncertainty has suppressed momentum in the altcoin space, making support levels all the more important. Cheds highlighted in a recent update that Solana is now re-testing a key daily demand zone around the $145 level. This zone has previously acted as a launchpad for bullish moves, and holding above it could provide the structure needed for a new leg higher. However, failure to maintain this level might open the door for further downside, with the next major support below $130. For now, all eyes are on how Solana reacts around $145. A solid bounce with increased volume could attract short-term buyers looking to ride a potential recovery. But with global markets rattled by uncertainty, the coming sessions will be crucial in determining whether this demand zone becomes a springboard—or a trapdoor. Related Reading: Ethereum Tests Previous Resistance As Support – Can Bulls Defend This Level? SOL Price Analysis: Re-Test of Support as Volatility Spikes Solana is currently trading at $145.24 after an aggressive drop from the $165–$170 range. The 4-hour chart shows a clear breakdown below all key moving averages (50, 100, and 200), which had previously served as dynamic support. The red 200 SMA at $165.33 now acts as overhead resistance, capping short-term recovery attempts. The recent sell-off—triggered by broader geopolitical tensions in the Middle East—pushed SOL straight into a key demand zone around $143–$145, where buyers have historically stepped in. The long lower wick from today’s candle reflects strong intraday buying at these levels, suggesting that some participants see this as a value zone. However, volume remains elevated, and the structure appears fragile. Any failure to hold $145 could open the door to a deeper retracement toward the $130 region. On the flip side, reclaiming the 100 SMA at $157.46 would be an early sign of renewed bullish momentum. Related Reading: Solana Forms Higher Low: Charging Toward Range Highs? Momentum indicators likely remain oversold, and if the broader market stabilizes, this level could mark a temporary bottom. Still, with volatility high and macro uncertainty looming, traders may want to stay cautious until a clear direction emerges. For now, $145 is the line in the sand. Featured image from Dall-E, chart from TradingView