Solana (SOL) Continues to Fall — Is a Reversal in Sight?

Jun 2, 2025 04:00 am Cryptocurrency 225

Solana started a fresh decline from the $172 zone. SOL price is now moving lower and might decline further below the $155 level.

SOL price started a fresh decline from the $172 resistance zone against the US Dollar.

The price is now trading below $162 and the 100-hourly simple moving average.

There is a key bearish trend line forming with resistance at $160 on the hourly chart of the SOL/USD pair (data source from Kraken).

The pair could start a fresh increase if it clears the $160 resistance zone.

Solana Price Dips Again

Solana price failed to continue higher above the $172 level and started a fresh decline, like Bitcoin and Ethereum. SOL gained pace and traded below the $160 support level.

The price even traded below the $155 level. A low was formed near $150 and the price recently started ..

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