📈 Analysis and forecast for $SOL L on Binance: further prospects? 📉
As of 14:40 EEST, June 21, 2025, the price of $SOL (Solana) on Binance is $142.5, showing a decline of 3.76% over the last 24 hours. Decreasing trading volume and negative dynamics indicate a temporary decline in investor interest, which may be related to the overall corrective trend in the market.
Technically, $SOL is in a consolidation zone. On the 4-hour chart, the 50-day SMA crosses the 200-day from top to bottom, signaling a possible continuation of the bearish momentum. The RSI (14) at 38 is approaching the oversold zone, which may indicate potential for a reversal. Key resistance is at $150, a breakout of which would open the way to $160. Support is located at $135, below which is $125. Holding above $142.5 keeps the chances for recovery alive, but the risk of further decline remains.
Forecast: in the coming days, SOL may test support at $135–$140, with a chance to bounce back to $150 by the end of June 2025 if buying resumes. By July, a rise to $165–$175 is possible if the market stabilizes and Bitcoin shows growth. The long-term outlook for 2026 is $200+, provided the Solana ecosystem, including DeFi and NFTs, grows. Risks include volatility and potential regulatory pressure. Posts on X reflect mixed sentiments: some users see potential above $160, while others expect a test of $130.
Further prospects? A decline of 3.76% and a price of $142.5 are close to the support at $135. Buying at $135 with a target of $150 and a stop-loss at $125 may be justified. SOL stands out due to its high transaction speed and support from Binance, making it attractive for long-term investors. Keep an eye on network development news!
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