Solana is preparing for possible growth: what can change the price of SOL
Date: 2025-06-18 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
Signals are starting to appear on the Solana market, indicating a possible reversal towards growth. After a recent decline to multi-month lows, the altcoin is showing its first attempts to recoup losses and strengthen its positions.
On the daily chart, the MACD indicator is close to forming a figure that traders call a "golden cross". This signal usually indicates the beginning of a bullish trend when the MACD line crosses the signal line from above. Such a scenario may mean strengthening of buyers' positions and the likelihood of growth in the coming days.
An additional factor confirming the dominance of bulls is the Balance of Power indicator. Its current value at 0.36 indicates a predominance of demand over supply. This means that market participants are starting to buy up the coin more actively, regaining control after the decline phase.
At the time of writing, the cost of Solana is $152.20. If buying pressure increases, the quotes may try to overcome the key resistance level around $157.92. If this barrier is broken, the coin may open the way to the next target around $165.12.
However, the opposite scenario is not excluded. If demand weakens or profit-taking begins, the price may correct downwards, testing the support near $142.59. Such a scenario would indicate continued instability in the market and the need for caution on the part of traders.
Thus, the coming days may be important for determining the further dynamics of Solana. Market participants should closely monitor key levels and indicators in order to make informed decisions in conditions of high volatility.
