Solana Gears Up For Wild Ride: Unpacking SOL USD Price Action In June

Solana was within the headlines for a very long time. Although the neighborhood has been quite silent recently, the worth has not elevated as some anticipated. Is it over, or is there extra bread within the token? Whereas long-term SOL USD traders are most likely not that involved, since nothing has modified on a elementary stage, draw back value motion is unignorable just lately, even because the Solana ETFs are nonetheless pending approval.

We will see how highly effective help has been for #SOLANA across the $SOL 141 stage.
One other try will seemingly lead to a bounce BUT a break might be decisive for an extra draw back value motion.
That is truly actually helpful data for commerce placement with effectively outlined threat… pic.twitter.com/GgPH6ZJrif

— Matthew Dixon – Veteran Monetary Dealer (@mdtrade) June 20, 2025

Matthew Dixon’s evaluation and feedback are wonderful, particularly for newer merchants! Take into account each methods the SOL USD value can go and handle threat with tight stops.

Zooming Out on SOL USD: Solana Price within the Lengthy Time Body

We’ve acquired three charts to take a look at – brace your self!

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The primary chart we’ll begin our evaluation on is the long-term Weekly timeframe, particularly wanting on the larger vary. Solana’s value reached the 2021 bull run high on the finish of 2025, which is our present resistance. In different phrases, it’s the prime quality.

The underside of the vary would possibly look very far down at $27. It’s good to keep in mind that SOL spent virtually a full 12 months buying and selling beneath $10 in its early days.

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Zooming In on Solana Price Action: The place Does SOL Go From Right here?

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One other fast take a look at the 1W timeframe, after which we’ll transfer on. The most recent run’s present backside vary and help price ~$120. Nonetheless, the worth exceeded the MA50 and was rejected when retested as resistance. Quickly, MA100 might be reached – good to look at the response. Lose the $120 stage, and we’d drop beneath $100.

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Zooming in on the 1D day, we will now see extra particulars. A big untested space ranges from $32 to $50, although it may be prolonged to $100. We see a transparent SFP, break of market construction, and retest of MA200, which was additionally the earlier low, now performing as resistance. Fairly the dynamic chart.

For me, it appears to be like like SOL USD is heading decrease, until MA200 is reclaimed. As Matthew stated in his X put up, the market can transfer each methods, and it’s good to be prepared for both of the 2 situations.

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