.png)
4 hours ago
1
SOL dipped 5% before stabilizing at $140, with technical indicators pointing to a potential upside breakout if resistance is cleared.
Jun 21, 2025, 4:44 p.m.
SOL traded between $135.96 and $142.91 over the past 24 hours, closing near $140.46
What to know:
- SOL bounced off intraday lows near $136.75 and is consolidating around $140.46 despite a 1.41% 24-hour decline.
- A descending channel and bullish reversal pattern have emerged, supported by heavy volume at $140.40.
- Technical resistance at $142.65 must be breached to confirm a breakout toward higher targets.
Solana's native token, SOL
, is trading at $140.46, down 1.41% over the past 24 hours, after recovering from a sharp 4.9% decline that took the price from $142.91 to $135.96, according to CoinDesk Research's technical analysis model. The asset has since stabilized between $140 and $142, with support forming at $140.40.
Solana’s ecosystem continues to grow, with recent announcements including support for wrapped Bitcoin (WBTC) on the network. Analysts remain divided on the outlook, with some pointing to a potential move toward $200, while others expect a retracement to the $123–$135 range.
Technical Analysis Highlights
- SOL declined 4.9% from $142.91 to $135.96, establishing a 7.08-point trading range.
- The asset recovered to form a consolidation pattern between $140 and $142.
- High-volume support appeared at $140.40 during the 13:00 hourBetween 14:32 and 14:37, SOL surged from $140.48 to $141.40.
- Selling pressure pushed the price down to $140.32, then to a session low of $140.29.
- A descending channel formed with lower highs and lower lowsResistance at $142.65 capped price action twice.
- Concentrated selling volume occurred during the 15:10 candle, suggesting near-term bearish sentiment
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Siamak Masnavi
Siamak Masnavi is a researcher specializing in blockchain technology, cryptocurrency regulations, and macroeconomic trends shaping the crypto market. He holds a PhD in computer science from the University of London and began his career in software development, including four years in the banking industry in the City of London and Zurich. In April 2018, Siamak transitioned to writing about cryptocurrency news, focusing on journalism until January 2025, when he shifted exclusively to research on the aforementioned topics.
CD Analytics
CoinDesk Analytics is CoinDesk's AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk's editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk's AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk's approach to AI-generated content in our AI policy.
