Solana Technical Analysis: Market Trends on June 15, 2025

Technical analysis of Solana on June 15, 2025, focusing on resistance, support, and indicators.

On June 15, 2025, Solana (SOL) is in a short-term corrective phase, reflecting selling pressure in the market. The current price stands at approximately $146.34, down 0.11% over the past 24 hours. This technical analysis examines key resistance and support zones, critical indicators, and potential market trends. **Resistance and Support Zones** Solana’s primary resistance zone lies between $150 and $153. This range has recently capped upward moves, acting as a strong barrier. A breakout above this level could lead to a push toward $158 to $162. Conversely, key support is found between $141 and $143. This zone has previously served as a price floor and is likely to attract buyers if the correction persists. **Technical Indicators** The Relative Strength Index (RSI) is at 40, indicating a mildly bearish signal. This level suggests the market is not yet oversold, but selling pressure remains dominant. The 50-day moving average (MA50) is around $148, and the current price is below this level, reflecting short-term seller dominance. The 200-day moving average (MA200) at approximately $135 serves as a long-term support. **Price Pattern Analysis** On the daily timeframe, Solana has formed a rising wedge pattern, typically considered a bearish reversal pattern. This pattern emerged after a decline from the $180 level in recent months, indicating a gradual loss of bullish momentum. On the weekly timeframe, Solana remains within a long-term ascending channel established since 2023, but it is currently trading near the lower boundary, signaling short-term weakness. **Potential Scenarios** In the short term, Solana is likely to test the $141 to $143 support zone. This level could offer a buying opportunity at lower prices. If the price stabilizes above $148.5, a retest of the $150 to $153 resistance becomes likely. Trading volume at these key levels will be critical in determining the next market direction. Traders should monitor price reactions closely. **Conclusion** Based on current data, Solana faces short-term selling pressure with potential consolidation at key support levels. However, the long-term trend remains bullish, and strong support zones below provide a buffer against sharp declines. Traders should prioritize risk management and wait for confirmation signals at critical levels. External factors, such as news about Solana’s network developments or institutional adoption, could influence the trend, but the current technical analysis emphasizes short-term bearish pressure.