As of June 2, 2025, Solana (SOL) is trading at approximately $154.55 USD, reflecting a 1.66% increase from the previous close.
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๐ Short-Term Outlook: Cautious Optimism
In the short term, Solana's price is expected to remain range-bound between $161 and $178, with a potential breakout above $178 leading to a rise toward $188. This movement could be supported by a Golden Cross pattern, where the 50-day EMA crosses above the 200-day EMA, signaling bullish momentum.
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๐ Bearish Risks: Technical and Fundamental Concerns
Conversely, some analyses suggest that Solana may face downward pressure. Technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), are showing signs of bearish divergence, which could lead to a decline toward the $130โ$142 range.
Additionally, a recent court ruling reviving Trump-era tariffs has rattled markets, causing Solana to slip below its critical $165.94 support level, exiting the bullish channel that had supported price action since mid-April.
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๐ Long-Term Forecast: Mixed Projections
Looking ahead, projections for Solana's price in 2025 vary. Some forecasts suggest a potential high of $400, while others estimate a more conservative range between $121 and $495, with an average around $182.56.
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๐งญ Conclusion
The outlook for Solana in June 2025 is mixed. While there are technical indicators suggesting potential upward movement, bearish signals and broader market uncertainties pose risks. Investors should remain cautious, monitoring key support and resistance levels, and consider both technical and fundamental factors before making investment decisions.
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