Solana (SOL) is under pressure. It’s now trading at $150.70, slipping 2.53% in the past 24 hours. Trading volume has followed suit, down 7.77%, resting at $3.84 billion. While these numbers worry short-term holders, the week’s gains, 6.26%, offer a sliver of hope. But the current chart is showing mixed signals, and that makes traders cautious.
The slip in trading activity suggests a stall in investor confidence. Its present price is still slightly higher than its weekly open price, and selling pressure is building up. Before bearish sentiment is imminent, bulls remain optimistic and expect market catalysts in the near future or ETF speculations as the impetus towards the short-term breakout.
SOL faces high risk breakout setup
CoinCodeCap’s latest chart review flags a high-risk breakout setup. According to their technicals, if momentum holds, SOL could rise 10%, targeting the $160–$167 zone. However, it’s a counter-trend play, meaning it’s going against medium and long-term trends. Traders are urged to tread carefully. The key support zones are $140 and $125. Resistance sits between $160 and $180.
The stop loss is clear at $136, a sign of just how tight the margin for error is. Momentum could spike, fueled by ETF speculation or sudden bullish sentiment. But if momentum fades, SOL may retest lower support quickly. In this environment, traders are watching hourly candles closely and reacting fast. Timing and discipline are everything.
SOL could break all time high next year
Long-term predictions for SOL paint very different pictures. DigitalCoinPrice gives a bullish take. They expect SOL to hit as high as $331.50 by year-end 2025. It would surpass its current all-time high of $294.33, and there is likely resistance around $299.06 based on earlier strength and rising investor demand.
On the other hand, Changelly offers a cooler forecast. Their analysis pegs the 2025 average at just $162.81. The range? Between $154.02 and $158.42. Even for July 2025, expectations are mild: a peak of $162.81 with a modest ROI of 5.6%. Compared to DigitalCoinPrice’s wild ride, Changelly is playing it safe. The difference shows just how divided the market still is on SOL’s next move.
