Solana has remained a significant topic in the crypto community recently. While anticipation has simmered, its price hasn’t yet shown the expected upward shift, prompting questions about its future trajectory. Nevertheless, long-term investors in SOL USD might remain unfazed as underlying fundamentals stay consistent, despite a noticeable downturn in prices amidst ongoing delays in ETF approvals for Solana.

We can see how powerful support has been for #SOLANA around the $SOL 141 level.
Another attempt will likely result in a bounce BUT a break could be decisive for a further downside price action.
This is actually really useful information for trade placement with well-defined risk… pic.twitter.com/GgPH6ZJrif
— Matthew Dixon – Veteran Financial Trader (@mdtrade) June 20, 2025

Matthew Dixon’s insights offer valuable guidance, particularly for novice traders. It’s essential to consider potential market outcomes and manage risk appropriately.

Examining SOL USD Over Time

Let’s analyze three key charts to assess the Solana price trends:

1. Long-term Viewpoint: The first chart focuses on the weekly timeframe, showing Solana reached its peak during the 2021 bull market, currently acting as a resistance level.
2. Current Price Levels: Prices may dip to as low as $27, which is a significant consideration as Solana had previously traded below $10 for a substantial period.
3. Market Dynamics: Ongoing analysis of the 1-week timeframe indicates the present bottom is near $120, which must hold to avoid a drop beneath the $100 mark.

Discover: Top Solana Meme Coins to Buy in 2025

As SOL USD seems poised for a potential decline unless it surpasses resistance levels, as highlighted by Matthew, traders should be prepared for both upward and downward movements in the market.

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