Solana (SOL) Price Drop: Will it Continue to Fall or Be Able to Rise?

Jakarta, Pintu News – Solana (SOL) has experienced a significant price drop from the $160 zone and is currently in a consolidation phase. It is possible that the cryptocurrency will experience a further decline below the $145 level.

Solana (SOL) Price Current Condition

After failing to break higher than the $160 level, Solana (SOL) price started to show a decline. Like Bitcoin (BTC) and Ethereum (ETH), SOL lost momentum and dropped below the $155 support level. This decline was compounded by the break of the bullish trend line on the hourly chart of the SOL/USD pair at the $150 level. The pair even dropped below the $148 level, with a new low forming near $145, before entering a consolidation phase.

Also Read: Ethereum (ETH) Prepares for a Surge: Bullish Signs Strengthen

Technical Analysis: Facing Critical Hurdles

Currently, Solana (SOL) is trading below $150 and the 100-hourly simple moving average. In the short term, the currency faces hurdles near the $150 level. The next major hurdle is near $152, which is the 50% Fibonacci retracement level of the last decline from $158 to $145. If SOL manages to break and close above the $155 resistance zone, this could be an early signal for a steady rise. The next key resistance is $160, and if exceeded, the price could head to $165.

Potential for Further Decline

If Solana (SOL) is unable to break the $152 resistance, there is a possibility that the currency will experience a further decline. Initial support is located in the $145 zone. If the price breaks below the key support level of $142, it could trigger a decline towards the $130 zone. A close below the $130 support could accelerate the decline towards the $125 support in the near term.

Conclusion: The Future of Solana (SOL) Price

With technical indicators such as MACD showing acceleration in the bearish zone and RSI falling below the 50 level, the short-term outlook for Solana (SOL) seems to be bearish. However, the ability to break and close above key resistance levels could change this outlook and possibly trigger a price increase.

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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 (SOL) Tests Support at $145, More Losses Possible. Accessed on June 19, 2025
• Featured Image: Crypto Rank