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The Solana price edged down by over 1% in the past 24 hours, trading at $145.14 as of 4:04 a.m. EST, with trading volume surging 2% to $4.3 billion.
The slight drop in the SOL price comes as Sol Strategies, a Canadian stock exchange-listed company, files with the US Securities and Exchange Commission (SEC) to be listed on Nasdaq. The firm aims to trade under the ticker name STKE.
🚨BREAKING: @solstrategies_, a publicly listed company on the Canadian Stock Exchange, has filed Form 40-F with the SEC to list on @NasdaqExchange under the ticker "STKE", leveraging a cross-border framework to boost @Solana ecosystem exposure across US markets.
Sol Strategies… pic.twitter.com/sg2BjUMimy
— SolanaFloor (@SolanaFloor) June 18, 2025
The firm has been accumulating SOL as a treasury asset, holding a hoard of 420,335 SOL, valued at approximately $61 million.
Solana Price Squeezes Into A Wedge: Is A Breakout On The Horizon?
The SOL price is currently trading at $145.14, having recently declined by 1.69%. The -3 day chart reveals a falling wedge pattern, a formation typically seen as bullish, signaling a potential reversal to the upside.
Moreover, there is evidence of a rounded bottom pattern forming between March and May 2025, with a neckline at around $176, as GeckoTerminal data shows. This rounding base structure generally reflects accumulation and a transition from a downtrend to an uptrend.
However, the price of Solana has failed to sustain above this resistance zone, retreating after touching approximately $180, which marks the most recent swing high.
The 50 Simple Moving Average (SMA) is currently positioned at $157.37, while the 200 SMA lies slightly lower at $149.06. SOL has broken below both SMAs, a bearish technical signal, particularly after struggling to reclaim the 50 SMA.
The 200 SMA has so far provided mild support, but with the price of Solana now below it, sentiment is leaning cautious.
Meanwhile, the Relative Strength Index (RSI) is reading 45.16, indicating that momentum is neutral to slightly bearish, and therefore lacks momentum on either side.
SOL Price Prediction
Solana is at a critical juncture. If the SOL price manages to reclaim and close above the $157 resistance zone and the 50 SMA, it would confirm a breakout from the wedge pattern.
In such a Scenario, the first bullish target would be around $180, followed by $200, where prior highs and psychological resistance lie.
Conversely, if the bears push the price of Solana through a correction and fail to hold above the 200 SMA, SOL could plunge toward $130–$125, aligning with the wedge’s lower trendline and recent support zones.
Meanwhile, investors are flocking to a new Solana project called Solaxy (SOLX) as claims will go live in approximately 4 days, with listings to follow shortly thereafter.
Popular YouTube channel 99Bitcoins, with over 723K subscribers, says the crypto has the potential to soar 100X post-launch.
Solaxy Presale Racing Toward $55 Million – 4 Days Left To Buy Below Listing Price
Solaxy is positioning itself as a layer-2 solution supporting Solana, aiming to provide scalable infrastructure, cross-chain functionality, and a suite of ecosystem products.
The project’s cross-chain bridge will connect the Solana, Solaxy, and Ethereum networks, opening new possibilities for asset transfers and liquidity movement.
Solana is fast and cheap, handling thousands of transactions every second. However, when too many people use it simultaneously, the network can slow down or stop functioning. Solaxy aims to address this issue with its layer-2 system. The project will implement off-chain processing mechanisms similar to Ethereum’s layer-2 solutions. Platforms like Arbitrum and Optimism have already proven this model successful.
Solaxy has successfully raised over $54.7 million, a figure that positions Solaxy as one of the most talked-about upcoming launches on the Solana blockchain.
Solaxy is LIGHTYEARS ahead of the others. 🛸🚀$SOLX isn't just a token. It's a movement. 🔥https://t.co/mdaTX9aVVx pic.twitter.com/AlWEW6nu0k
— SOLAXY (@SOLAXYTOKEN) June 15, 2025
Additionally, the upcoming Neptoon decentralized exchange and Igniter launchpad signal that Solaxy is building a comprehensive ecosystem, not just a standalone token.
Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens for $0.001766 each using BNB, ETH, USDT, or a bank card.
The project’s presale staking program also offers token holders a huge 77% APY. Anyone looking to buy SOLX at the best rate will want to hurry, as the presale will end in about 4 days.
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