Key facts today
Solana's price dropped below $152, closing down 2%. Buyers are trying to reclaim this level, but further declines to $130 are possible, indicating ongoing weakness.
Pump.fun, a memecoin platform on Solana, aims to raise $1 billion via an ICO and is exploring a revenue-sharing model for PUMP token holders, with details pending.
Key stats
About Solana
Solana is a blockchain fairly new to the crypto game, but that's not to say it's not a serious player. Attempting to rival smart-contract titan Ethereum for the NFT and web3 crown, Solana has a strong focus on scalability through its hybrid proof-of-history/proof-of-stake consensus that aims to accommodate a flourishing dApp ecosystem. Its native token SOL has enjoyed the successes of Solana-based NFTs and dApps, but since its inception has also felt the strain of the network’s tendency to experience outages. Although that hasn't stopped it from reaching the top 15 coins by market cap.
Solana H4 | Potential bounce off 50% Fibonacci supportSolana (SOL/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 140.92 which is an overlap support that aligns with the 50.0% Fibonacci retracement.
Stop loss is at 122.00 which is a level that lies underneath an overlap support.
SOL/USD – Solana is Sitting on a Major Decision Point! Solana just tapped into a high-volume demand zone between $152 – $160, where buyers previously defended price. Volume is rising as we test this key area again. This could be the final flush before a move higher.
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🔍 What’s Likely Next?
🔼 Bullish Outlook:
If SOL holds above $152.86, watch for a
Weekly trading plan for SolanaIn this idea I marked the important levels for this week and considered a few scenarios of price performance
The situation is similar to BTC & ETH, not a big correction, but the RSI already shows a local bearish divergence. Therefore, it is possible to see a correction before further growth
Write
SOL/USDT - Bullish setup signal (Multi-Timeframe-Confluence)Bullish bias for SOL based on falling wedge breakout potential supported by favorable multi-timeframe EMA alignment
Falling Wedge pattern detected on the weekly chart
✅ EMA (20) Levels
Daily EMA(20): 170.17
Weekly EMA(20): 162.80
Monthly EMA(20): 144.53
✅ RSI crossing/holding above 50 on daily
Solana Long entry After a 100% move to the upside Solana is slowly cooling off its run and heading back down to some key areas of support .
In this video I highlight where I think those reaction zones are and what I expect to see Long term from Solana .
Set alerts and be sure to monitor BTC which will give you the
BULLISH SOLANAI am Bullish From $147.00 with stop loss at $110.
Price has retraced 50% from 7 April LOW to 23 May High Fibo Levels. With A good fundamental backing from the US jobs/Labour reports it seems that we might have a bottom in play an also good buy entries for solana. (RISK APPETITE)
My view on solana
Sol, setting!? or will it rise!
In our last Solana ( CRYPTOCAP:SOL ) update, we discussed the potential for a bounce and posed the critical question: would it be a retest or a reclaim? That distinction is now front and center as price action unfolds.
The 141 area remains the level bulls must defend. A clean reaction here, ideal
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Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
Solana (SOL) reached its highest price on Jan 19, 2025 — it amounted to 295.03 USD. Find more insights on the SOL price chart.
See the list of crypto gainers and choose what best fits your strategy.
See the list of crypto gainers and choose what best fits your strategy.
Solana (SOL) reached the lowest price of 7.87 USD on Dec 29, 2022. View more Solana dynamics on the price chart.
See the list of crypto losers to find unexpected opportunities.
See the list of crypto losers to find unexpected opportunities.
The safest choice when buying SOL is to go to a well-known crypto exchange. Some of the popular names are Binance, Coinbase, Kraken. But you'll have to find a reliable broker and create an account first. You can trade SOL right from TradingView charts — just choose a broker and connect to your account.
You can discuss Solana (SOL) with other users in our public chats, Minds or in the comments to Ideas.