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Solana (SOL) Continues to Fall — Is a Reversal in Sight?

2 June 2025
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Solana began a contemporary decline from the $172 zone. SOL value is now transferring decrease and would possibly decline additional under the $155 stage.

SOL value began a contemporary decline from the $172 resistance zone towards the US Greenback.
The worth is now buying and selling under $162 and the 100-hourly easy transferring common.
There’s a key bearish pattern line forming with resistance at $160 on the hourly chart of the SOL/USD pair (information supply from Kraken).
The pair might begin a contemporary enhance if it clears the $160 resistance zone.

Solana Worth Dips Once more

Solana value didn’t proceed larger above the $172 stage and began a contemporary decline, like Bitcoin and Ethereum. SOL gained tempo and traded under the $160 assist stage.

The worth even traded under the $155 stage. A low was shaped close to $150 and the worth lately began a restoration wave. There was a transfer above the $155 stage. It surpassed the 23.6% Fib retracement stage of the latest decline from the $180 swing excessive to the $150 low.

Solana is now buying and selling under $160 and the 100-hourly easy transferring common. There’s additionally a key bearish pattern line forming with resistance at $160 on the hourly chart of the SOL/USD pair.

On the upside, the worth is going through resistance close to the $160 stage and the pattern line. The following main resistance is close to the $165 stage. It’s near the 50% Fib retracement stage of the latest decline from the $180 swing excessive to the $150 low.

The principle resistance might be $170. A profitable shut above the $170 resistance zone might set the tempo for an additional regular enhance. The following key resistance is $172. Any extra positive factors would possibly ship the worth towards the $180 stage.

One other Decline in SOL?

If SOL fails to rise above the $160 resistance, it might begin one other decline. Preliminary assist on the draw back is close to the $155 zone. The primary main assist is close to the $152 stage.

A break under the $152 stage would possibly ship the worth towards the $145 zone. If there’s a shut under the $145 assist, the worth might decline towards the $132 assist within the close to time period.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is gaining tempo within the bearish zone.

Hourly Hours RSI (Relative Power Index) – The RSI for SOL/USD is under the 50 stage.

Main Help Ranges – $155 and $152.

Main Resistance Ranges – $160 and $162.



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Tags: ContinuesFallReversalSightSOLSolana
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