Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»Solana (SOL) is testing new resistance for an increase.
EXCHANGE NEWS

Solana (SOL) is testing new resistance for an increase.

By Crypto FlexsJune 3, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Solana (SOL) is testing new resistance for an increase.
Share
Facebook Twitter LinkedIn Pinterest Email

Solana is up 0.23% in the last 24 hours as of this writing. This brings the token value to $165.44, an increase of 0.04% over the last 7 days. SOL has a bearish short-term sentiment, roughly similar to Bitcoin (BTC) and Ethereum (ETH). Previously, it was predicted that it would test resistance at $166. If it falls below that value, it will experience more downside. SOL did that and it is now safe to assume that SOL could fall a little further, perhaps to $160.

Another theory is that SOL will test lower resistance so it will bounce and take better returns. Of course, it is only a theory and not a specific explanation or prediction of upcoming events. There is also speculation that cryptocurrency ETFs are making the rounds, impacting the value of tokens like ETH, SOL, and XRP.

The next initial resistance for SOL is the 61.8% FIb retracement level, roughly equivalent to $168. This could pave the way for a rise to $170 and then a surge to $180.

SOL is expected to surpass $200 by the end of this year, i.e. by 2024. Solana price prediction. That’s very likely. In the next 30 days, Solana may rise to $191.54, with a growth of 15.26%. However, it is important to first reach and test $166.82 and then reach $168. The overall sentiment is neutral and the near-term sentiment is bearish. The hourly MACD, which indicates a decline in velocity, supports the latter.

The 14-day RSI is 52.61 and volatility is 7.36%. The 50-day SMA and 200-day SMA are $153.48 and $121.38, respectively. The fear and greed index recorded 73 points last month, even though Green Day was at 40%. This is 12 days out of 30.

It is possible that SOL’s forecast value is overly optimistic based on the assumption that the SOL ETF will eventually enter the market. As of press time, Solana’s market capitalization and 24-hour trading volume increased by 0.25% and 67.70%, respectively.

In other words, the Solana ecosystem is based on the growth of SEAL and SOLAMA. SEAL achieved $3 million in presales, and SOLAMA soared 55%. Solana-based meme coins are gaining momentum in the meme coin sector.

Another major development for Solana occurred four days ago when PayPal launched its stablecoin, PYUSD, on the network.

Simply put, tokens suffer because they are primarily focused on ETFs, which may or may not materialize. Other developments could be included in mainstream reports to increase SOL’s chances of a rebound. The value of SOL is expected to reach $200 by the end of this year. Depending on how factors are placed, it can go higher than that milestone.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

5 Best Crypto Flash Crash And Buy The Dip Crypto Bots (2025)

October 18, 2025

Analysts expect a breakout of $135 as ETF approval buzz grows.

October 15, 2025

Cardano (ADA) Faces Selling Pressure – Is This the Start of a Trend?

October 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Limitless Prediction Market Closes $10M Seed Round Ahead Of LMTS Token Launch

October 20, 2025

Whale.io Introduces Crock Dentist Game And Exclusive RWA NFT Collection

October 20, 2025

Bybit Card Honored As “the Best Performing Crypto Card” By Mastercard At EDGE 2025

October 20, 2025

Jupiter Launches Ultra V3 – The Ultimate Trading Engine For Solana

October 20, 2025

Jiuzi Holdings, Inc Enters Strategic Partnership With BitFi To Advance Bitcoin-Centric Finance

October 20, 2025

DOGE And SOL Join Forces To Mine $5,997 Per Day, Making It Easy To Seize Bitcoin Wealth Together

October 20, 2025

US Bitcoin ETF loses $1.2 billion weekly

October 20, 2025

DAOs are redefining corporations, but the law is not yet ready.

October 20, 2025

BitDCA Staking Agreement Audit Summary

October 19, 2025

ETFs and liquidity drive outlook for 2026

October 19, 2025

5 Best Crypto Flash Crash And Buy The Dip Crypto Bots (2025)

October 18, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Limitless Prediction Market Closes $10M Seed Round Ahead Of LMTS Token Launch

October 20, 2025

Whale.io Introduces Crock Dentist Game And Exclusive RWA NFT Collection

October 20, 2025

Bybit Card Honored As “the Best Performing Crypto Card” By Mastercard At EDGE 2025

October 20, 2025
Most Popular

Reddit IPO filing exposes Treasury exposure to Bitcoin, Ethereum.

February 23, 2024

HKMA expands one-stop dataset of Hong Kong retail banking facilities

December 9, 2024

Avalanche Token Launch: Potential Impact on Market and Price Analysis – The Defi Info

February 3, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.