Solana Drops Below $150 : Still on Track for $250 ?

Solana (SOL) price faces downward pressure amid increased selling volumes. Bulls quietly prepare for a potential breakthrough, aiming for the $250 target despite current challenges.

Written by Charles Ledoux

Translated on June 6, 2025 at 10:13 by Sarah

Vibrant Solana landscape: sea, palm trees.

Copié

Solana (SOL) : Potential Drop Below $140 ?

The recent analysis of the Solana price reveals significant downward pressure as selling volume increases in the markets. However, sellers have maintained a strong grip on the drop, while buyers seem to be quietly preparing for a breakthrough after the price entered the demand zone.

Indeed, Solana is retracing to key support levels, with selling volume driving the price towards a crucial support near $140. SOL price action indicates a correction following a rejected peak and trendline liquidation, suggesting that many long liquidations have accelerated the downtrend.

A drop below the support at $139 could even push SOL towards the demand zone between $123 and $109.

Market sentiment around Solana is changing as dormant large wallets start to activate. According to Glassnode data, the platform recorded its 3rd highest number of Coin Days Destroyed (CDD), a metric tracking coin movements based on their sleep duration. A massive increase of nearly 3.55 billion CDD suggests either profit-taking or adjustments.

Next Steps for Solana (SOL) Price

Since SOL price hit peaks near $300, it has been in a downtrend. The bullish divergence of the RSI in 12H suggests selling momentum is waning, but current price action indicates a deeper correction is possible. The significant loss in value since the beginning of the month could lead to levels near crucial supports, probably between $123 and $109.

The weekly chart of SOL price suggests the token is in a recovery phase but is stuck in a cup and handle pattern. The token is heading towards the crucial support at $141, and as the daily RSI plunges towards the oversold zone, the price could also drop towards the handle support.

In the short term, Solana could show encouraging signals in the coming days as most sellers have left the ship.

Between $131 and $123, as indicated by the Volume Profile Fixed Range (VPFR), a massive liquidity pocket could curb the fall if the support at $139 breaks. Therefore, closely monitoring SOL price in this zone is crucial.

In conclusion, Solana is currently facing significant price challenges, with massive outflows and liquidity at stake. Investors are closely monitoring SOL price developments as the battle for supremacy among leading blockchains rages on.

Buy Solana on Bitget and earn $10 !

More on this topic :

Charles Ledoux

Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.

DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.

DISCLAIMER

This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.

InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.