As of June 4, 2025, Solana (SOL) is trading at approximately $156.44, reflecting a 2.15% decline over the past 24 hours. The intraday high reached $162.53, while the low touched $154.34.
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๐ Technical Analysis: Support & Resistance Levels
Immediate Resistance: $SOL $160โ$165
Key Resistance Zones: $178.50, $180, and $188
Support Levels: $153 (initial), $150 (critical), $148 (secondary)
$SOL has faced multiple rejections at the $158โ$159 resistance zone, leading to a sharp intraday sell-off. The price briefly fell to $151.89 before rebounding to $153.81, with $152.50 now acting as potential short-term support.
If Solana maintains support above $158, it may retest the $180 resistance level, with potential for further gains.
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๐ Price Predictions for June 2025
Short-Term Forecast: Analysts suggest that if Solana breaks above the $178 resistance level, it could potentially climb to $188 or higher.
Mid-Month Outlook: CoinPedia forecasts a potential high of $250 by the end of June, with an average price around $200, assuming a bullish market and increased DeFi activity.
Long-Term Projection: Expert $SOL predictions for 2025 range from $200 to $1,000, averaging around $500, depending on market conditions and Solana's ecosystem growth.
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๐งญ Market Sentiment & Influencing Factors
Technical Indicators:
EMA (50/100/200): The price is above the 50-day EMA, indicating short-term bullish momentum. The 100-day and 200-day EMAs are converging, suggesting a potential trend change.
On-Chain Activity: Solana has emerged as the biggest blockchain network in the crypto industry regarding active addresses and transactions. Data shows that Solanaโs transactions in the last 30 days jumped by 62% to 1.9 billion.
Institutional Interest: Solana's corporate treasury trend gains momentum, indicating increased institutional adoption.
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