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The Solana price prediction reveals that SOL is currently consolidating within an ascending channel, with the market positioned at a critical decision point where a breakout or breakdown will determine the next major trend.
Solana Prediction Data:
- Solana price now – $153.77
- Solana market cap – $80.87 billion
- Solana circulating supply – 524.81 million
- Solana total supply – 602.55 million
- Solana Coinmarketcap ranking – #6
Getting in early on crypto projects is often a game-changer, and Solana (SOL) perfectly illustrates this. Since its all-time low price of just $0.5052 back in May 2020, when it was either newly listed or first tracked, SOL has skyrocketed by over 30,000%, reaching heights near $294.33 in January 2025. Although it has pulled back nearly 48% from that peak to trade around $150 recently, the massive growth since its early days shows the potential rewards for those who spot promising tokens right from the start.
SOL/USD Market
Key Levels:
Resistance levels: $185, $195, $205
Support levels: $120, $110, $100
The SOL/USD pair is trading at around $153.77, just below the 9-day moving average ($152.89) but still under the 21-day MA ($163.68), suggesting a mild bearish-to-neutral sentiment in the short term. However, the price is currently testing the lower boundary of the ascending channel, which aligns with dynamic support and hints at a potential rebound if buyers step in.
Solana Price Prediction: SOL/USD Holds Key Support within Ascending Channel
If Solana maintains its position above the $150 support and breaks back above the 21-day moving average, there is a high probability of the bullish momentum resuming toward the next resistance levels at $185, $195, and potentially $205. However, a failure to regain the moving average zone may trigger increased selling pressure, dragging the price toward the channel’s support trendline and the next critical support at $120. A breakdown below this level could expose the market to deeper declines toward $110 and $100, invalidating the current ascending structure.
Solana Price News Today
Nevertheless, the volume remains relatively moderate, suggesting indecision among traders. For a bullish breakout confirmation, SOL must push above the recent highs and the upper boundary of the ascending channel with stronger volume. Conversely, if market sentiment weakens further and price action falls below the $150-$145 zone, Solana could enter a more defined correction phase. Until a clear breakout or breakdown occurs, SOL remains in a key decision zone, with traders watching closely for the next directional move.
SOL/BTC Eyes Key Support Amidst Channel Pressure
The daily chart for SOL/BTC shows that the pair is currently trading near the lower boundary of an ascending channel, with price action gravitating around 1479 SAT. After failing to sustain above both the 9-day (red) and 21-day (green) moving averages, SOL has drifted lower, hinting at weakening bullish momentum. This dip places the market just above a critical support level marked near 1200 SAT, which coincides with the bottom trendline of the ascending structure. A break below this zone would likely trigger a deeper bearish correction, potentially initiating a broader downtrend. However, so far, the channel structure remains intact, offering hope for a bullish rebound if buyers defend the current level.
Nonetheless, volume analysis also indicates declining participation, suggesting indecision among traders. For bullish momentum to resume, SOL/BTC must reclaim the 9-day and 21-day moving averages and push toward the upper boundary of the channel, with resistance eyed around 1700 SAT. A successful bounce from the current support zone could lead to a retest of this resistance, signaling renewed bullish strength. Until then, the market remains at a technical crossroads, and traders should watch for a decisive move in either direction to confirm the next trend.
However, @CW8900 informed his followers on X (formerly Twitter) that if $SOL manages to break through the selling wall near $160, the price could rebound swiftly to its previous level.
If $SOL breaks through the selling wall around $160, the previous price will recover quickly. pic.twitter.com/Fc0PfdO3TX
— CW (@CW8900) June 8, 2025
Alternatives to Solana
Solana (SOL) is currently exhibiting a mildly bearish-to-neutral outlook, trading just below key moving averages and testing the lower boundary of an ascending channel that could provide support for a potential rebound if buying activity increases; a recovery above these levels might reignite bullish momentum, while failure to do so could result in further declines amid moderate trading volume and market uncertainty. Notably, Solana can be conveniently purchased on the Best Wallet platform, which itself is gaining strong attention through its promising presale. The Best Wallet presale offers discounted tokens, staking rewards, governance rights, and early access to upcoming projects, all built on a foundation of real utility and long-term growth. Having already raised over $13 million, Best Wallet stands out as a reliable and forward-thinking opportunity following a period of quiet and underwhelming market launches.
Best Presale Right Now
Beyond just price, Best Wallet provides real value through reduced fees, staking rewards, early access to upcoming projects, and governance rights within its active app ecosystem. With over $13 million already raised and a clear focus on long-term utility rather than hype, Best Wallet is shaping up to be one of the most reliable and promising presales available, making now the perfect time to get in early.
Related News
- SOL Plunges 11% In A Week As Investors Shift Focus To The Parabolic Solaxy Presale With Time Running Out
- Savvy Investors Flock To Best Wallet As ICO Tops $13M — Only 5 Hours Left Before Price Hike
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