Solana (SOL) is currently trading at $156.99, marking a robust 8.25% gain over the past 24 hours. This rally is underpinned by a dramatic 97.43% spike in daily trading volume, totaling $4.57 billion. However, despite the promising price action, technical indicators paint a more cautious picture of the altcoin’s short-term prospects.
According to prominent crypto analyst DyorNetCrypto, the prevailing trend for SOL remains bearish. After dipping to a recent low of $152.41, Solana’s price remains well below key resistance levels and moving averages. The last daily close at $144.64 underscores the downward momentum, with little indication of a sustainable reversal.
$SOL / USDT analysis on 1d
— #️⃣ dyor.net (@DyorNetCrypto) June 15, 2025
🔍 **Price Action Overview**
The recent price of $SOL at 152.41 shows a bearish trend, with significant declines from previous highs. The last closing price was 144.64, indicating weakness and a bearish cross with the 100-day SMA.
📉 **Trend… pic.twitter.com/3zzEWpecwf
Technical indicators further reinforce the bearish outlook. The Relative Strength Index (RSI) is hovering at 38.25, reflecting weak buying pressure. The Stochastic RSI and Average Directional Index (ADX) at 19.26 similarly suggest limited market strength. Notably, the MA10 at $152.74 and the long-term MA200 at $174.31 now act as formidable resistance zones. Analysts are eyeing a potential retracement toward $140, with stop-loss recommendations placed just above the current level at $155 to mitigate downside risk. Additionally, the SuperTrend indicator has issued a ‘sell’ signal, pointing to continued selling pressure.
Diverging 2025 Predictions Highlight Uncertainty
Looking ahead, Solana’s price trajectory in 2025 remains highly speculative. Bullish forecasts from sites like DigitalCoinPrice envision SOL climbing as high as $345.18 by year-end—an optimistic scenario that would see the token surpass its all-time high of $294.33. These projections suggest that increased adoption and capital inflows could fuel a sharp upward trend, with a trading range between $311.40 and $345.18.
However, more conservative estimates from Changelly paint a less enthusiastic picture. The platform forecasts an average 2025 price of $153.74, with June estimates sitting around $148.37—barely above current levels. These divergent predictions highlight the volatile and unpredictable nature of the crypto market, especially for assets like Solana that are still maturing within the DeFi and Web3 ecosystems.
Fidelity’s Spot Solana ETF Filing Sparks Institutional Interest
Amid the technical and speculative noise, a major development could reshape the long-term outlook for Solana. Fidelity Investments has officially filed with the U.S. Securities and Exchange Commission (SEC) to launch the first spot Solana ETF that includes staking—a unique feature that sets it apart from existing crypto ETFs.
Also Read: Solana Surges 7.8% Amid ETF Buzz and Bybit DEX Launch
This move signals growing institutional interest in Layer 1 blockchain networks beyond Ethereum. By integrating staking rewards into the ETF, Fidelity is positioning Solana as a viable alternative for investors seeking yield-generating digital assets. If approved, the ETF could channel substantial institutional capital into the Solana ecosystem, enhancing both its network value and market competitiveness.
With major players like Fidelity, VanEck, and Grayscale making strategic bets on Solana, the altcoin’s long-term narrative may shift dramatically. Yet in the short term, traders are advised to proceed with caution as technical headwinds persist.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
