Solana’s June 2025 Prediction: Will SOL Plummet to $127?
Jakarta, Pintu News – At the close of May, the price of Solana experienced a decline after the Securities and Exchange Commission (SEC) expressed concerns over the planned launch of two new ETFs involving Ethereum and Solana (SOL).
As a result, the price of the SOL coin plunged by 11.45%. Although the crypto market showed significant price action, the Solana token fluctuated between $155 and $185 for 23 consecutive days.
Check out the full analysis here!
Solana Volatility Increases
Solana noted a constant increase in new wallet addresses for two consecutive months. The number of new wallets increased from 98.33 million in March to 111.01 million in April, and 123.81 million in May. This shows an increase in user interest and adoption.
Cumulatively, this leads to network growth. Due to the recent increase in selling pressure, the OI-adjusted funding rate has turned negative to -0.0027%. This signals a significant decline in bullish sentiment for Solana (SOL).
Also read: June 2025 Bitcoin Prediction: Time to Buy, Hold, or Sell?
Solana’s critical support tested
Solana’s price fell by more than 1% in 24 hours while the crypto market also saw a drop in volatility. With this, SOL showed negative price action for three consecutive days, according to data from Binance. In addition, the SOL coin has dropped about 11% in seven days and shows a monthly return of +4.93%.
The Relative Strength Index (RSI) indicator registered a sharp decline towards the oversold range and is currently at 41.66, signaling a bearish sentiment. In addition, the average line acted as resistance and dropped towards its neutral point. Reportedly, this indicates negative price action.
Read also: Pi Network Launches ‘FruityPi’, a Blockchain Game Integrated with $PI!
Potential Increase and Decrease in Solana Price
If Solana price maintains its bullish stance, it could retest the $177 high from May 28. Furthermore, increased investor optimism could push the value towards $200 for the first time since February 2025.
However, if the bullish action fails, the price could drop to its immediate support at $150. Specifically, increased liquidation could cause SOL prices to fall towards the April low of $127.
That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.
Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Get a web trading experience with advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!
*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- Crypto Times. Solana Price Prediction June 2025: Will SOL Plunge to $127? Accessed on June 2, 2025
- Featured Image: Euronews
