Recent Drop & Market Sentiment
From June 5 to 6, the clash between Elon Musk and Donald Trump created panic in the cryptocurrency market, also affecting Solana. As a result, there were liquidations of $986M, and the price of SOL fell by 5.2%. Additionally, the SEC raised questions about Solana's staking ETFs, leading to a decrease in institutional interest. According to technical analysis, SOL broke the support level of $160 and is now seeking support in the $144–$148 range.
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🔍 Technical Analysis
Current Price: $167.89
Resistance Level: $172.00
Support Level: $162.00
Trading Volume: $2.65B
Market Capitalization: $77.80B
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🔧 Binance Integration Update
Binance integrated Hashflow (HFT) on the Solana network on June 5, 2025. Now, deposits and withdrawals are open.
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📈 Long-Term Outlook
Analysts say that in June 2025, the price of Solana could be between $175.15 and $216.84, while by the end of 2025 it could reach up to $520. These projections are based on the growing adoption of smart contracts, DeFi applications, and institutional investments.
