$SOL Solana (SOL) Price Analysis - June 2, 2025
Current Price: $157.31 USD
High Price (24h): $158.85 USD
Low Price (24h): $150.87 USD
24h Trading Volume: Approximately $2.55 Billion
Market Cap: Approximately $82.33 Billion
Market Rank: 6th among cryptocurrencies
Technical Analysis
• Overall Trend: Sideways with a slight bearish bias
• Support Levels: $150
• Resistance Levels: $165
• Technical Indicators: The Relative Strength Index (RSI) indicates a neutral zone, showing balance between buyers and sellers.
Influential News
• The U.S. The Securities and Exchange Commission (SEC) expressed concerns over the launch of two new ETFs related to Solana and Ethereum, impacting market sentiment. (Source: Binance)
• SOL Strategies Inc. purchased 26,478 SOL at an average price of $177.50, indicating institutional interest. (Source: StockTitan)
Recommendation
• Wait: It is advised to wait until the price sustainably breaks above the resistance level at $165 before making any investment decisions.
Warnings
• Market Volatility: The market is experiencing high volatility due to regulatory concerns and general trends.
• Technical Risks: Breaking the support levels may lead to price drops to lower levels.
Analyst: Yousef Eskander | Binance Square Gold
Badge Holder
