Solana (SOL) faced renewed downside pressure after multiple failed attempts to break above the $158–$159 resistance zone.
Sellers took control during the 13:00 hour, where volume surged past 1.1 million, breaking through the $153.10–$153.30 support region and accelerating the bearish momentum.
Despite a modest recovery attempt, SOL remains on the back foot, trading just above $153.
With lower highs forming across recent sessions and key support zones under threat, analysts warn that further downside is possible unless bulls reclaim the $153.30 level.
The psychological $150 mark now looms as the next major line of defense.
Technical Analysis Highlights
- Strong resistance at $158–$159 triggered a 4.48% decline from peak to trough.
- High-volume breakdown below $153.10–$153.30 support zone signals bearish shift.
- SOL fell from $154.53 to $151.89 in the final hour, a 1.7% intraday drop.
- Notable selling at 13:40 (36K) and 13:48 (59K) accelerated downward momentum.
- Price has since rebounded to $153.81, with tentative support near $152.50.
- Lower highs and elevated selling volume suggest continued short-term pressure.
- A close above $153.30 is needed to signal potential trend stabilization.
External References
- “Solana (SOL) Continues to Fall — Is a Reversal in Sight?“, NewsBTC, published June 2, 2025.
- “Solana (SOL) Price Prediction for 3rd June 2025: Will $150 Hold or Is a Larger Breakdown Brewing?“, Coin Edition, published June 2, 2025.