Overview
Solana (SOL) is experiencing strong downward pressure after facing multiple unsuccessful breakouts around the $158–$159 resistance threshold. A surge in selling activity was noted during the afternoon trading hours, as volume surpassed 1.1 million, breaking through the critical support levels between $153.10 and $153.30, thereby enhancing bearish momentum.
Market Insights:
- SOL experienced a 4.48% drop following repeated failures to surpass the resistance zone.
- Heavy selling during peak hours pushed the price down to $151.89, before a slight recovery to $153.81.
- Analysts are cautious, as further declines could be expected if the price does not reclaim the $153.30 level, which poses a significant line of defense.
Technical Highlights:
- Strong resistance between $158–$159 triggered a downward trend, marking a significant loss in value.
- A notable breakdown below $153.10 indicates a shift towards bearish trends.
- With the psychological barrier of $150 approaching, the market is under pressure to stabilize.
References
- “Solana (SOL) Continues to Fall — Is a Reversal in Sight?”, NewsBTC, published June 2, 2025.
- “Solana (SOL) Price Prediction for 3rd June 2025: Will $150 Hold or Is a Larger Breakdown Brewing?”, Coin Edition, published June 2, 2025.
