Why Solana Is Stuck Below $150
Date: 2025-06-30 Author: Henry Casey Categories: CRYPTO PAYMENTS
Solana has had a tough time in June, with the asset price declining and selling by large holders adding to the pressure on the market. After the recent rally, some investors expected the price to break through $150, but this resistance continues to hold back the uptrend.
Last week, long-term holders who had previously taken profits began buying SOL again, giving the market a short-term boost. However, the optimism quickly faded, with traders once again dumping some assets without seeing any clear signals of continued growth.
However, there is a positive momentum within the Solana network, with the number of new wallets continuing to grow. This indicates an influx of new participants who believe in the project’s potential and are willing to invest in it even in volatile conditions. Such dynamics usually support interest in the coin, but so far it has not been enough to break through the key mark of $150.
At the time of publication, the price of SOL is hovering around $146, having added about 5.6% over the past 24 hours. If the bulls manage to maintain the momentum, the next goal is to consolidate above $150 and test the $152 area, which will become new support in a favorable scenario. However, if the pressure from sellers continues, the rate may return to $144 or even fall to the $136 area. In this case, the Solana market will continue to consolidate while traders wait for new benchmarks.
In the short term, much will depend on the activity of long-term investors. If they start accumulating SOL again and reduce the volume of sales, this will help the coin overcome key resistance levels. Otherwise, the market may get stuck in a sideways movement until the beginning of the next quarter.
Despite the price fluctuations, the community continues to support the project. User activity on Telegram and other channels shows that interest in Solana remains high, and analysts still consider the coin to be one of the promising altcoins.
While investors watch the price action, it is important to monitor the network metrics and the behavior of large holders. These factors will determine whether Solana can break above $150 and consolidate its success or roll back to lower levels.
