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The Solana price has plunged 11% in a week, but rose slightly in the last 24 hours to trade at $155 as of 12:10 p.m. EST on a 17% surge in daily trading volume to $2.8 billion.
Solana Price Stuck In Range As Bears Gain Slight Edge
The SOL/USD weekly chart shows Solana trending inside a consolidation zone between $131 and $187, with the 50 simple moving average (SMA) at $169.65 acting as resistance. The 200 SMA at $100 is the floor the SOL price has been respecting, keeping it from breaking into a full-blown bearish trend.
Looking at technicals, the relative strength index (RSI) is at 48.15, which is neutral, meaning the altcoin is not overbought or oversold. The moving average convergence divergence (MACD) indicator is flattening out as well, showing some bearish momentum creeping in.
The bulls and bears are in a tug-of-war, and the bears are flexing a bit harder right now.
SOLUSD Analysis Source: Tradingview
Can The Solana Price Hit $243 In June?
The chart also has some Fibonacci retracement levels mapped out, and the SOL price is dancing around the 0.382 Fib at $153.15, which has held the price action up fairly well after the fall.
However, if the bears keep pushing, SOL might test that 0.5 Fib level at $142.44, which lines up with the lower consolidation zone. If that breaks, the next stop could be the 0.618 Fib at $131.7.
On the flip side, if the bulls step up and SOL breaks past the 0 Fib at $187.85, the crypto could moon toward the 161.8% Fib extension at $243.99, a 58% surge from the current price.
The 200 SMA at $100.10 and the 50 SMA at $169.65 are like the guardrails of this price action. Solana has to pick a direction: either it pumps past $169.65 and aims for $187.85, or it dips below $142.44 and tests $131.72. The volume’s been steady, but not wild, so the market is waiting for a big move to confirm the next trend.
In the short term, the SOL price might keep sliding to $142.44 if the bearish trend holds. But if the bulls wake up, there could be a bounce back to $187.85. Long-term, $243.99 is not out of reach if Bitcoin and the overall market turn bullish.
Final Call To Buy Solaxy – Presale Goes Parabolic, Crashes Past $43.1M
As the Solana price struggles under the resistance level, investors are turning to a Solana token rival called Solaxy (SOLX), a new layer-2 (L2) project that’s already crashing past $43.1 million in a presale with its market debut just days away.
This L2 solution will fix Solana’s frequent congestion by processing transactions off-chain, bundling them up, and settling them back on Solana’s mainnet. It works similarly to how Arbitrum and Optimism support Ethereum’s mainnet.
As a result, Solaxy cuts congestion, slashes fees, and keeps things running smoothly, even when trading goes off the charts.
Do you know the $SOLX whitepaper inside and out? 🛸🪐
Refresh your memory here 👇https://t.co/arr34146aR pic.twitter.com/UeOB408WUk
— SOLAXY (@SOLAXYTOKEN) May 31, 2025
Solaxy is doing more than just delivering speed. It’s creating a bridge to Ethereum, giving users access to Ethereum’s vast liquidity while retaining Solana’s high-speed, low-fee advantages. This cross-chain capability could prove powerful for developers in DeFi, gaming, and NFT sectors by combining the strengths of both blockchains.
The team behind Solaxy is moving quickly, having already launched a testnet, a blockchain explorer, as well as the Igniter Protocol, a no-code token launchpad that allows anyone to create tokens ready for instant trading on the upcoming Solaxy DEX.
That has drawn the attention of several influencers, including an analyst from the crypto YouTube channel 99Bitcoins, with over 723K subscribers, who projected that SOLX could see a 100x gain once it launches.
Buy SOLX Token Now For A 94% APY – Just 14 Days Left
The SOLX token, central to Solaxy’s growing ecosystem, is gaining attention for its role in powering transactions, governance, and staking. Early adopters are especially drawn to the project’s current staking rewards, which boast a huge 94% annual percentage yield (APY).
The token is currently available at a presale price of $0.001742 and can be purchased using cryptocurrency or credit card. With just over 14 days remaining before the presale ends, interest is building quickly among early investors looking to take advantage of the high yield and low entry price.
Check out Solaxy’s website to learn more.
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