The market value of Solana (SOL) is undergoing a pivotal phase, amidst a relative decline in momentum during the second quarter of 2025, but it still maintains a clear upward trajectory in the medium to long term.
โ๏ธ Technical analysis of market value:
The weekly chart shows that the market value continues to respect the upward trend line extending from the bottom of late 2022, indicating that the overall trend remains positive despite current pressures.
๐ Critical levels:
Main support: around $67 billion โ represents an important psychological and technical level, and breaking it could lead to a retest of lower support levels.
Key resistance: $139 billion โ breaking and surpassing this level opens the door to new peaks in market value.
๐ The underlying context enhances the image:
Despite the technical fragility in the short term, the fundamentals for SOL are strong and instill confidence in investors:
Increasing institutional interest and rising discussions about the listing of a SOL-specific ETF.
It is worth noting that in the past hours, DeFi Development Corp has doubled its investments in the currency by adding 17,760 new SOL to its treasury, bringing its holdings to over 640,000 coins โ equivalent to nearly 98 million dollars.
๐ฌ Summary:
The market value of Solana is still moving within an upward channel since 2023.
Overall, long-term investors still hold their positions, especially with hedge funds showing interest in the currency, and generally the supporting fundamentals in the medium and long term are positive.
What do you think about $SOL where do you see its price by the end of this year?
