Will Solana (SOL) Reach New Highs? Check out the Latest Analysis!

Jakarta, Pintu News – Solana (SOL) seems to be preparing to surge higher after several weeks of consolidation. With Bitcoin (BTC) and Ethereum (ETH) starting to show price increases, the crypto market as a whole is showing positive signals. The momentum building could be an opportunity for Solana (SOL) to chase new heights.

Solana (SOL) Price Movement: Is This the Start of a Big Rally?

Solana (SOL) managed to hold above the $150 level, showing signs of strength amid the broader market. With Bitcoin (BTC) and Ethereum (ETH) also on the rise, investor sentiment is improving. This may be an indication that Solana (SOL) will soon follow suit.

If the current trend continues, there is great potential for a stronger move in the near future. After a long period of volatility and consolidation, Solana (SOL) now seems ready to make a leap. The $175 level is a key resistance to watch, as it has hampered price gains several times in the past. If Solana (SOL) manages to break this resistance, it could start a stronger bullish phase.

Read More: Algorand Transaction Surge: A Sign of ALGO Price Rise in June 2025?

Momentum to Return to Solana (SOL): Breaking Through Critical Resistance

In recent days, Solana (SOL) showed strength by breaking the $160 level again. Now, the cryptocurrency faces important resistance below $175. This zone has been the upper limit several times in recent months. This building momentum comes at a good time, given that the crypto market in general is in favorable conditions.

Despite growing optimism, there is still caution in the market. Many altcoins, including Solana (SOL), are still well below their record highs. However, the bullish structure that formed after Solana (SOL) bounced off the $142-$145 support zone suggests that there is further potential for price gains.

Solana (SOL) Price Action Details

Solana (SOL) is currently trading at $165.80, showing continued strength after returning above its 50-day Moving Average of $160.99. The price is now approaching the 100-day Moving Average at $175.70, which is a critical level that has previously rejected breakout attempts several times.

This recovery marked the formation of a higher low, which reinforced the bullish structure and set the stage for another attempt at breaking resistance. With market conditions continuing to improve, the opportunity for Solana (SOL) to reach new heights is opening up. Investors and market watchers should continue to monitor this key level, as a breakout could bring a new wave of investors into the Solana (SOL) market.

Conclusion

With market dynamics constantly evolving, Solana (SOL) shows potential that should not be ignored. The rise of Bitcoin (BTC) and Ethereum (ETH) only adds to the evidence that a new era may be beginning. For those monitoring the crypto market, Solana (SOL)’s next move could be an important indicator of broader market trends.

Also Read: Crypto Market Optimism: Can Optimism (OP) Break $0.72?

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*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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Solana Forms Higher Low, Charging Toward Range Highs. Accessed on June 12, 2025
• Featured Image: Decrypt