Solana Prepares For Thrilling Journey: Analyzing SOL USD Price Movements In June

Solana has been making news for quite a while. While the community appears to have gone quiet recently, the price hasn’t risen as many had anticipated. Is this the end, or does the token still have room to grow? Long-term SOL USD holders likely remain unfazed, given that the fundamentals are unchanged, yet the recent downward trend in price is hard to overlook, even as the Solana ETFs await approval.

We can observe how strong support has been for #SOLANA around the $SOL 141 level.
Another attempt may likely yield a bounce, BUT a breach could lead to significant further downside.
This is genuinely beneficial information for trade placements with well-defined risk… pic.twitter.com/GgPH6ZJrif

— Matthew Dixon – Experienced Financial Trader (@mdtrade) June 20, 2025

Matthew Dixon’s insights and feedback are top-notch, particularly for those new to trading! It’s essential to consider both directions the SOL USD price could take and to manage risk with tight stops.

Wider Perspective on SOL USD: Long-Term Solana Price Analysis

We’ve got three charts to examine – get ready!

(SOLUSD)

The initial chart we’ll analyze focuses on the long-term Weekly timeframe, particularly observing the larger range. Solana’s price peaked during the 2021 bull trading market at the close of 2025, which serves as our current price ceiling point. Put simply, this marks the upper limit of the range.

The lower end of this range may seem distant at $27, but it’s worth noting that SOL spent nearly a whole year trading below $10 during its formative period.

EXPLORE: Top Solana Meme Coins to Purchase in 2025

Narrowing Down on Solana Price Movement: What’s Next for SOL?

(SOLUSD)

A brief glance at the 1W timeframe before we proceed. The recent low of the current range and base level hovers around ~$120. The price has surpassed the MA50, only to be met with rejection upon retesting it as price ceiling. The MA100 may soon be approached – watching the response will be crucial. Should we lose the $120 price floor, we could see a drop below $100.

EXPLORE: Top 20 Cryptocurrencies to Buy in 2025

(SOLUSD)

As we narrow our focus to the 1D day chart, we can observe additional specifics. A significant untested zone spans from $32 to $50, which could also extend to $100. We notice a clear SFP, a crypto market structure break, and a retest of MA200, which functioned as the previous low, now serving as resistance. It’s quite a dynamic chart.

To me, it seems that SOL USD is set to move downward unless the MA200 is regained. As Matthew pointed out in his X post, the crypto market can fluctuate in either direction, so it’s wise to prepare for both outcomes.

EXPLORE: Best Meme Token ICOs to Consider in 2025

Join The 99Bitcoins Announcement Discord Here For The Latest Market Insights

The article Solana Gears Up For Wild Ride: Unpacking SOL USD Price Action In June was first published on 99Bitcoins.