6 days ago
Solana (SOL) faced renewed downside unit aft aggregate failed attempts to interruption supra the $158–$159 absorption zone.
Sellers took power during the 13:00 hour, wherever measurement surged past 1.1 million, breaking done the $153.10–$153.30 enactment portion and accelerating the bearish momentum.
Despite a humble betterment attempt, SOL remains connected the backmost foot, trading conscionable supra $153.
With little highs forming crossed caller sessions and cardinal enactment zones nether threat, analysts pass that further downside is imaginable unless bulls reclaim the $153.30 level.
The intelligence $150 people present looms arsenic the adjacent large enactment of defense.
Technical Analysis Highlights
- Strong absorption astatine $158–$159 triggered a 4.48% diminution from highest to trough.
- High-volume breakdown beneath $153.10–$153.30 enactment portion signals bearish shift.
- SOL fell from $154.53 to $151.89 successful the last hour, a 1.7% intraday drop.
- Notable selling astatine 13:40 (36K) and 13:48 (59K) accelerated downward momentum.
- Price has since rebounded to $153.81, with tentative enactment adjacent $152.50.
- Lower highs and elevated selling measurement suggest continued short-term pressure.
- A adjacent supra $153.30 is needed to awesome imaginable inclination stabilization.
External References
- "Solana (SOL) Continues to Fall — Is a Reversal successful Sight?", NewsBTC, published June 2, 2025.
- "Solana (SOL) Price Prediction for 3rd June 2025: Will $150 Hold oregon Is a Larger Breakdown Brewing?", Coin Edition, published June 2, 2025.
English (US) 