Solana Price Prediction: Can SOL Climb to $360 or Is $166 the Ceiling? What to Expect from XYZVerse?
The post Solana Price Prediction: Can SOL Climb to $360 or Is $166 the Ceiling? What to Expect from XYZVerse? appeared on BitcoinEthereumNews.com.
Solana (SOL) has clawed its way back from early June lows, currently trading at around $156 showing signs of resilience in a jittery crypto market. With meme coin mania erupting on the Solana chain, institutional buzz around potential ETFs, and upcoming launches like Bybit’s Byreal DEX, investors are wondering: is Solana poised for a breakout to $360, or is $166 the realistic ceiling in the near term? Solana (SOL) Price Action and Prediction SOL price source: Brave New Coin Solana market cap data Over the past week, Solana (SOL) experienced a price slide of around 5%. Currently trading at $151.40, Sol has been rangebound between $142 and $164 for most of June. but has faced significant declines over longer periods, dropping 34% over six months, highlighting considerable selling pressure. Technical indicators suggest a bearish outlook. The RSI is at 28.89, indicating oversold conditions that could precede a reversal. The 10-day Simple Moving Average of $146 is below the 100-day SMA of $158, signaling downward momentum. A negative MACD at -4.259 and low Stochastic at 19.27 reinforce this negative trend unless market sentiment shifts. SOL’s nearest support is at $130, approximately 14% below current levels. Continued bearish momentum could test this or the second support at $108, a total decline of about 29%. Conversely, increased buying could target resistance at $175, about 15% above current prices, and potentially $198, suggesting a 30% gain. Traders will watch these levels closely to gauge SOL’s potential direction in the near future. Ecosystem Expansion Fuels Optimism Solana’s ecosystem is thriving. Leading exchange Bybit recently announced Byreal, a hybrid DEX launching in Q3 2025. Built on Solana, it combines the liquidity and speed of centralized exchanges with the transparency and decentralization of DeFi. This innovation underscores Solana’s role as a high-performance blockchain suitable for advanced trading…
Filed under: News - @ June 17, 2025 1:29 am