Solana: Ready for a Surge or Consolidation?

Solana’s trend analysis on June 10, 2025: Will SOL break the $162 resistance?

On June 10, 2025, Solana (SOL) remains a prominent asset in the crypto market. The price of SOL is trading at approximately $156.45, down 3.4% over the past 24 hours. Despite this, technical analyses and recent developments suggest a cautiously bullish trend, though consolidation or a short-term correction is also possible. Analysts point to chart patterns like an ascending channel on the four-hour timeframe, which could indicate continued upward momentum. Key resistance levels lie between $162 and $180. A breakout above these levels could push SOL toward $200 or even $250. However, failure to breach the $162 resistance might lead to a pullback to support levels at $148 or $142. A major driver of Solana’s price is institutional adoption and ecosystem development. The launch of the USD CoinVertible (USDCV) stablecoin by SG Forge, the crypto arm of French bank Société Générale, on the Solana blockchain highlights growing confidence in the network. Backed by Bank of New York Mellon, this stablecoin is set to begin trading in early July and could boost liquidity in Solana’s ecosystem. Additionally, the anticipated Firedancer upgrade, expected in 2025, could increase transaction speeds by 10 to 100 times, enhancing network scalability. From a macroeconomic perspective, U.S.–China trade talks and Federal Reserve monetary policies impact the crypto market. Reports indicate that Solana generated over $890 billion in decentralized exchange (DEX) trading volume in the first five months of 2025, underscoring the strength of its ecosystem. However, some analysts note bearish divergences on higher timeframes (e.g., weekly), which could signal a deeper correction, especially if external pressures affect the market. For traders, risk management is critical. Using tools like TradingView for chart analysis and reputable exchanges like Binance or Coinbase is recommended. Traders should monitor key levels and news related to network upgrades and proposed Solana ETFs. Overall, Solana in June 2025 is at a pivotal moment. Breaking the $162 resistance could spark a new rally, but traders must prepare for potential volatility and maintain clear risk management strategies.