Solana (SOL) price is showing renewed momentum after weeks of sideways and downward movement. As of June 2025, technical indicators suggest a potential shift in market dynamics. This analysis explores whether Solana is poised for a significant breakout or if the current rally is a temporary bull trap.
Hourly Chart Analysis: Is SOL Building Momentum?
The 1-hour Heikin Ashi chart reveals a short-term recovery. After consolidating near $155**, SOL broke above multiple moving averages (20, 50, and 100-hour SMAs), now trading at **$159.99. This breakout above the MA cluster is a bullish signal, with the next key resistance at the 200-hour SMA ($165.20).
Fibonacci retracement levels indicate local resistance near $160.50–$161.20, a zone previously tested. Current price action suggests bulls are gaining control, provided volume supports the upward move.
Key Observations:
- Bullish SMA crossover: Confirms short-term strength.
- Resistance levels: $165.20** (200-hour SMA) and **$170 (psychological barrier).
Daily Chart: Long-Term Direction and Support
The daily chart highlights Solana’s recent correction and potential reversal. After peaking near $188** in early May, SOL found support at the **50-day SMA ($157.73), bouncing to $162.45—a 4.13% recovery.
Critical Levels:
- Support: 50-day SMA ($157.73)** and **100-day SMA ($144.32).
- Resistance: 20-day SMA ($168.80)** and **$170.
A sustained move above $160 could target:
- Short-term: $166.61 (Fibonacci projection).
- Medium-term: $179–$180 (200-day SMA).
Fakeout or Bullish Reversal?
The breakout is technically supported but incomplete until SOL closes above the 20-day SMA ($168) with strong volume. Key factors:
- RSI: Neutral, allowing upward momentum.
- Support: Holding above $156–$158 suggests a local bottom.
Failure to hold $160** could retest **$156–$158**, while a drop below **$156 might target $144.
Solana Price Prediction This Week
If SOL maintains above $160** and closes strongly above **$162, targets include:
- Short-term: $166.6** and **$170.
- Medium-term: $179–$180.
👉 For real-time SOL price updates, monitor trading volume and key resistance breaks.
Final Verdict: Can SOL Reclaim $180?
Solana’s technical setup favors a bullish reversal, supported by hourly momentum and daily SMA structure. A breakout above $168** could accelerate gains toward **$170–$180. Watch for:
- Volume spikes.
- Hourly closes above $160.
- Break of $168 resistance.
👉 Stay ahead with expert crypto insights. The next 48 hours are critical for SOL’s trend confirmation.
FAQ Section
1. What’s driving Solana’s price recovery?
Key factors include bullish SMA crossovers, Fibonacci support, and rising trading volume.
2. What are the major resistance levels for SOL?
$168** (20-day SMA) and **$170 are immediate hurdles; $180 is the next major target.
3. Could SOL drop below $150?
Only if it breaks below $156, which would invalidate the current bullish setup.
4. How reliable is the hourly chart for predictions?
Hourly charts are useful for short-term trends but should be confirmed with daily data.
5. What’s the best-case scenario for SOL this week?
A sustained breakout above $168** could propel SOL toward **$180.
6. Where can I track SOL’s live price?
👉 Follow SOL’s price action here.