Date: June 2025
Written by: Market Analyst
Solana (SOL/USDT) is currently trading at $151.44, showing a 3.25% decline for the day. However, this recent drop might actually be setting the stage for a strong bullish reversal. Based on the current market structure and technical indicators shown in the chart, let’s explore what could be next for SOL.
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Key Support Zones and Price Action
Two important demand zones are clearly highlighted in the chart:
1. 1D FVG (Fair Value Gap) Zone – SOL has now entered this zone, ranging between approximately $150 to $160. Fair Value Gaps often indicate areas of institutional interest, where price imbalances tend to get corrected.
2. +OB (Order Block) Support Zone – Around $145, this zone has historically acted as a strong support, serving as a potential launchpad for bullish price moves.
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Bullish Scenario: Preparing for a Breakout
The current candlestick formation suggests a potential rejection of lower prices, meaning buyers are beginning to step in around the support area. If this zone holds firm, we could be looking at the following upside targets:
First Target: $180–185 (short term)
Second Target: $220–225 (medium term)
Extended Target: $240+ (long term, if breakout momentum continues)
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Supporting Technical Signals
The confluence of FVG and OB zones adds strength to the bullish case.
Indicators like RSI (not shown) are likely approaching oversold levels, favoring a reversal.
There are early signs of institutional demand absorption, suggesting smart money may already be accumulating.
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Risk Factors & Caution
A daily close below $145 would invalidate the bullish structure and could lead to further downside.
External market events (such as Fed decisions, crypto regulations) can cause volatility and invalidate setups quickly.
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Conclusion
The area between $145–160 is a critical decision zone for SOL. If this support holds, it presents an excellent risk-to-reward opportunity for swing traders and long-term investors alike. The potential for a rally toward $180 and beyond makes this a key level to watch closely in the coming days.
