Solana (SOL) Price Prediction: What to Expect by June 24, 2025
Solana Price Update: Current Trends and Market Insights
Solana’s current trading value stands at approximately $134.20, showing signs of recovery after a recent dip that tested demand levels around $124. While there is a slight uptick in short-term momentum, buyers are still facing significant resistance levels, indicating a delicate near-term trend.
- What’s Driving Solana’s Price Movement?
- Solana Price: Short-Term Recovery Meets Resistance
- Solana Price Prediction: Key Resistance Levels and Momentum
- Reasons Behind Today’s Price Increase for Solana
- Solana Price Faces Resistance After Recent Bounce
- Options Flow and Market Positioning
- Summary of Solana Price Predictions
Despite the resurgence of bullish activity, the overall market conditions suggest that Solana’s price is at a pivotal moment, particularly as volatility is expected to increase around key price points.
What’s Driving Solana’s Price Movement?
As of June 24, Solana’s price is hovering around $134.20, rebounding after a liquidity sweep that dipped to $124.08 earlier this week. This recovery aligns with a local demand zone identified on shorter timeframes, bolstered by several bullish indicators, including recent fair value gaps and trendline support.
The 4-hour chart reveals resistance from the 20/50/100/200 EMA cluster, with immediate pressure around $136 and higher resistance near $151. A rejection at these levels could confirm a broader consolidation phase, while a decisive break above $138 may trigger renewed upward momentum.
Bollinger Keltner channels are tightening, suggesting potential volatility for Solana’s price in the upcoming sessions. Support levels are currently holding around $128 and $124, with short-term liquidity concentrated between $138 and $144.
Solana Price: Short-Term Recovery Meets Resistance
The 4-hour timeframe illustrates Solana’s recent volatility, particularly the Change of Character (CHoCH) near $132.40, which coincided with a demand imbalance zone. Analysis from LuxAlgo SMC charts indicates a Break of Structure (BOS) confirmation below $134.50, with significant liquidity sweeps occurring around $128–$130, contributing to the recent bounce.
However, the current resistance band between $135.50 and $138.80—marked by previous Equal Highs (EQHs) and institutional supply blocks—poses a challenge. A decisive close above these levels with adequate volume is necessary to confirm a trend reversal. Until then, this rally may simply result in a temporary spike, potentially retreating back toward the mid-$120s.
Solana Price Prediction: Key Resistance Levels and Momentum
The 4-hour chart indicates a series of rejections around the $135–$137 range, with unfilled buy-side inefficiencies near $145. Should bulls manage to convert $138 into support, the next targets for upward movement would be $144 and $151.50.
Ichimoku indicators reveal resistance around $134.95 (Kijun), with a flat Span A near $142 acting as a magnet. The Relative Strength Index (RSI) momentum remains balanced, and the Parabolic SAR flips bullish above $133.38.
While Solana’s price shows strong attempts to bounce back, a clean sweep of $138 and confirmation of higher highs are essential for sustained momentum.
Reasons Behind Today’s Price Increase for Solana
The recent price increase can be attributed to a sweep of sell-side liquidity below $125, which triggered short-term accumulation. This area aligns with both a previous trendline touch and a Fibonacci retracement zone, providing bulls with a crucial defensive point.
The Volume Weighted Average Price (VWAP) from the 30-minute chart indicates that real-time trading sentiment has shifted above the intraday average at $129.25, with the SAR flipping to bullish support at $133.38. These factors suggest that the current bounce may extend toward $138 if no new supply zone emerges.
Solana Price Faces Resistance After Recent Bounce
Solana’s price is showing signs of short-term fatigue after bouncing from $131, near the lower boundary of its long-term upward channel and key 0.236 Fibonacci support. The rebound is currently capped under the $143.77 resistance and lacks strong volume, with the broader structure remaining fragile below $157.
The volume profile indicates a robust liquidity base at $127–$130 that absorbed recent selling pressure, while resistance between $147.87 and $172.30 has remained untested since mid-June.
Options Flow and Market Positioning
Data from Deribit’s SOL options for the June 27 expiry shows open interest heavily concentrated around the $135 and $140 strike calls, with notable bid-ask activity between $134 and $145. The $135 call has 21 contracts open with a bid of 5.2 and an implied volatility of 86.6%, while the $134 call shows high open interest and delta exposure.
On the put side, premiums remain elevated, with implied volatility skew indicating higher demand for downside protection around the $130 and $125 strikes. The total implied volatility averages 87.5%, reflecting expectations for a breakout or sharp directional move before expiry.
This sentiment in the options market suggests that traders are hedging for both upward and downward movements, with a slight inclination toward bullish positions if $135 is breached.
Summary of Solana Price Predictions
| Timeframe | Bias | Key Resistance | Key Support | Indicators |
|---|---|---|---|---|
| 30-Minute | Bullish Bias | $136.00 / $138.00 | $129.00 / $124.00 | VWAP, SAR, Bollinger Squeeze |
| 4-Hour | Neutral-Bullish | $144.00 / $151.50 | $132.40 / $128.00 | EMA Cluster, Liquidity Sweep, Trendline |
| 1-Day | Reversal Watch | $157.70 / $162.00 | $121.00 / $115.00 | Fib 0.618, Ichimoku, SMC Zones |
Disclaimer: The information provided in this article is for educational purposes only and should not be considered financial advice. Readers are encouraged to exercise caution before making any investment decisions.
