$SOL Projected price of SOL on June 6, 2025
$SOL Binance: Projects the price of SOL to be around $144.94.
$SOL Changelly: Estimates that the value of SOL will reach $156.06, which indicates a slight increase of 0.22%.
CoinCodex: Predicts that the price of SOL will rise to $155.92, representing an increase of 4.28% compared to the previous month.
Coindcx: Expects the price of SOL to oscillate in the range of $150 to $195, with key resistance at $165 and a potential breakout target of $210.
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🔍 Factors Affecting the Price
Technical Resistance: SOL faces strong resistance in the $180–$188 zone. Breaking this level could open the way for an increase towards $210–$220.
Institutional Accumulation: Increased interest from institutional investors, such as SOL Strategies, which acquired 420,000 SOL worth over $70 million, may support price growth.
Ecosystem Adoption: Solana's dominance in stablecoin volume (34%) and a total value locked (TVL) in DeFi of $15 billion indicates a strong ecosystem, which may positively impact the value of SOL.
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📊 Technical Analysis
Support Levels: Strong support is observed at around $150. Staying above this level may suggest the continuation of the upward trend.
Resistance Levels: Breaking the $165 level may signal the continuation of the upward trend, with the potential to reach new highs around $210.
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✅ Summary
Based on available forecasts, the price of Solana (SOL) on June 6, 2025, is likely to oscillate in the range of $144 – $156, with potential growth to $210 if key resistance levels are broken. Investors should monitor the development of the Solana ecosystem and the overall situation in the cryptocurrency market to make informed investment decisions.
