The post Solana in Trouble? Here’s What the Charts Say appeared on BitcoinEthereumNews.com.

Solana (SOL) price is once again under the microscope as its price clings to a critical support level near $145. After a steady decline from its recent highs around $168, the popular Layer-1 blockchain token now faces mounting bearish pressure across both daily and hourly timeframes. Technical indicators are flashing warning signs, and if current support breaks, Solana price could see a swift move downward. However, the battle between bulls and bears isn’t over yet. This article dives deep into Solana’s price action, examines chart patterns, moving averages, and Fibonacci projections, and offers a data-backed prediction for what’s next breakdown or bounce. Solana Price Prediction: What’s Going On With Solana Price Right Now? SOL/USD Daily Chart- TradingView Solana (SOL) price is trading around $146, showing signs of weakness across both the daily and hourly timeframes. The Heikin Ashi candles on the daily chart reveal consistent bearish pressure, with price struggling to hold above key moving averages. The SOL price recently tested the 20-day SMA near $145.11, now acting as resistance, while the 50-day SMA at $160.61 remains a strong barrier for any bullish recovery. The 200-day SMA at $174 is out of reach for now, emphasizing the broader bearish trend. SOL price has now formed a lower high and a lower low pattern—classical signs of a weakening uptrend and potential shift into a more sustained downtrend. If $145 fails to hold on the daily chart, Fibonacci projections suggest a potential fall toward the $131–$125 zone, which is marked as the next key support cluster. What Does the Hourly Chart Tell Us? SOL/USD 1 Hr Chart- TradingView Zooming into the hourly chart, Solana price shows a short-term attempt at consolidation. Price recently bounced from the $142.80–$143.20 demand zone after a steep sell-off. However, momentum remains capped by the 100-hour and 200-hour…

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Filed under: News - @ June 15, 2025 5:27 am