$SOL
Key Market Developments
1. Geopolitical-Driven Volatility
On June 22, SOL fell about 8.3% (from ~$141 to ~$128.8) amidst rising Middle East tensions and a spike in oil prices, with heavy volume hitting during the dip .
The following day, on June 23, SOL rebounded to hold around $140💱, forming a potential reversal within a downtrend channel .
2. Ceasefire Sparks Rally
On June 24, reports of a ceasefire between Israel and Iran triggered a snap upside move, with SOL climbing from ~$128 to $145, breaking that short-term downtrend .
3. Technical Outlook
Analysts note SOL is trading within a bearish daily trend, with resistance at ~$148–151 and a breakdown trigger below ~$126 .
On shorter timeframes, indicators like Parabolic SAR and MACD suggest a potential bounce that hinges on holding above $136–140.
4. On-Chain Strength & Activity
Network activity remains robust, with transaction counts holding strong even amid volatility—a sign that SOL may be undervalued relative to usage.