Wednesday, July 2, 2025
Daily Crypto Post
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
Daily Crypto Post
No Result
View All Result

Solana Eyes $165 After Breaking Resistance: June 4, 2025 Price Forecast

Jonathan Carls by Jonathan Carls
June 3, 2025
in Market, News, Price Analysis
Reading Time: 3 mins read
Solana Eyes $165 After Breaking Resistance: June 4, 2025 Price Forecast
Share on FacebookShare on TwitterShare on RedditShare on Telegram
  • Solana breaks $160 resistance as volume surges 32%, signaling bullish sentiment
  • Despite gains, RSI and MACD show mixed signals, hinting at short-term caution
  • Sustained $11.63M net outflow raises concerns about long-term investor confidence

Solana (SOL) has exhibited renewed bullish momentum as traders react to a sharp 4.97% gain in the past 24 hours. With its price climbing to $161.52 on June 3, 2025, the asset appears to be recovering from a short-term decline. 

Over the last week, Solana had faced a notable 8.45% drop, retreating from its previous highs. However, increased trading activity and strong intraday performance now hint at a possible short-term rally..

Related articles

Bitcoin Dips but Buying Opportunities Remain as Price Eyes Breakout Above $110K

Bitcoin Dips but Buying Opportunities Remain as Price Eyes Breakout Above $110K

July 1, 2025
Optimism (OP) Poised for Breakout as Whales Accumulate and RSI Diverges

Optimism (OP) Poised for Breakout as Whales Accumulate and RSI Diverges

July 1, 2025

Rising Volume, Key Breakouts Fuel Momentum

Solana opened the day near $154.17, struggling initially near a known support range between $152 and $154. This level had previously held strong during earlier declines, acting as a base for new upward moves. 

A clear breakout occurred once the price crossed $156, followed by steady gains that pushed SOL above the $160.50 resistance. The asset then marked a new intraday high at $161.5, reflecting growing buyer interest.

Trading volume surged 32.40% to $3.48 billion, underlining the strength behind the move. This sharp increase in volume often signals trader confidence and helps confirm breakouts. 

If this trend holds, a retest of the next psychological resistance near $165 appears likely. Investors should watch for volume continuation and any false breakouts that could reverse the bullish trend.

Indicators Show Mixed Signals Despite Optimism

SOL/USD daily price chart, Source: TradingView

While the price has turned bullish in the short term, some technical indicators offer a more cautious outlook. The RSI currently sits at 47.44, slightly below the neutral 50 level. 

This suggests mild bearish pressure, though not strong enough to signal a reversal. Additionally, the MACD histogram has recently shifted to the negative side, hinting at weakening momentum.

However, a possible signal line crossover may indicate a correction if confirmed in the next few sessions. Despite this, broader market sentiment remains optimistic due to strong support levels and clear breakouts.

Netflow Trends Reveal Underlying Market Sentiment

One concerning trend remains the consistent outflows from Solana wallets. On June 3, SOL saw a net outflow of $11.63 million, reflecting sustained selling pressure. 

Source: Coinglass

From November to March, these outflows have been persistent. Occasionally, inflow spikes in January and March sparked brief rallies, possibly driven by news or institutional activity.

For a sustained rally beyond $165, investors may need to see inflows rise significantly ideally crossing $100 million. Such movements would suggest renewed long-term confidence in SOL and could counterbalance bearish signals in the indicators.

Tags: Price AnalysisSolana (SOL) News

Related Posts

Bitcoin Dips but Buying Opportunities Remain as Price Eyes Breakout Above $110K

Bitcoin Dips but Buying Opportunities Remain as Price Eyes Breakout Above $110K

by Munene Timothy
July 1, 2025

BTC faces strong resistance at $108,924, a level repeatedly absorbing liquidity, signaling the need for volume-backed breakout strength. Support at...

Optimism (OP) Poised for Breakout as Whales Accumulate and RSI Diverges

Optimism (OP) Poised for Breakout as Whales Accumulate and RSI Diverges

by Irene Mukiri
July 1, 2025

Bullish divergence on OP/BTC hints at weakening sell pressure and possible breakout. OP/USDT holds $0.40 support as whales accumulate, signaling...

Solana Finalizes TSLAx Trades Instantly as Ethereum L2s Face Settlement Delays

Solana Finalizes TSLAx Trades Instantly as Ethereum L2s Face Settlement Delays

by Veronicah Peninah
July 1, 2025

Solana enables instant Layer 1 settlement for tokenized assets like TSLAx, ensuring immediate legal ownership. Ethereum L2s delay final ownership...

Crypto Market Sees Minor Pullback Amid Record Stock Highs, Small Caps Take the Spotlight

Crypto Market Sees Minor Pullback Amid Record Stock Highs, Small Caps Take the Spotlight

by Jonathan Carls
July 1, 2025

Bitcoin and Ethereum dip despite record highs in S&P 500 and Nasdaq indexes Arbitrum and small-caps rally amid Robinhood rumors...

XRP Price Prediction What a 50x Surge Could Look Like

XRP Price Prediction: What a 50x Surge Could Look Like

by Munene Timothy
July 1, 2025

XRP must break $2.25 resistance to attempt revisiting the $3 region, following its current tight range between $2.05 and $2.23....

Load More

Recent News

  • Bitcoin Dips but Buying Opportunities Remain as Price Eyes Breakout Above $110K
  • Optimism (OP) Poised for Breakout as Whales Accumulate and RSI Diverges
  • Solana Finalizes TSLAx Trades Instantly as Ethereum L2s Face Settlement Delays
  • Crypto Market Sees Minor Pullback Amid Record Stock Highs, Small Caps Take the Spotlight
  • XRP Price Prediction: What a 50x Surge Could Look Like

Popular News

  • JasmyCoin Sets Bold $17 Price Target by 2026 as User Adoption Surges

    JasmyCoin Sets Bold $17 Price Target by 2026 as User Adoption Surges

    227 shares
    Share 91 Tweet 57
  • Will SHIB’s Utility Tokens Fuel Its Rise Over TON?

    204 shares
    Share 82 Tweet 51
  • Solana: SOL Has Just Reclaimed $7 Billion in DeFi TVL

    231 shares
    Share 92 Tweet 58
  • Over $33M in Token Unlocks Set to Impact Crypto Markets Amid Escalating Global Tensions

    199 shares
    Share 80 Tweet 50
  • Aptos and Filecoin Lead the Next Layer 1 Push — Will They Sustain the Rally?

    195 shares
    Share 78 Tweet 49

Live Crypto News | Bitcoin and Altcoins News & Insights.

Recent News

Bitcoin Dips but Buying Opportunities Remain as Price Eyes Breakout Above $110K
Bitcoin Dips but Buying Opportunities Remain as Price Eyes Breakout Above $110K
July 1, 2025
Optimism (OP) Poised for Breakout as Whales Accumulate and RSI Diverges
Optimism (OP) Poised for Breakout as Whales Accumulate and RSI Diverges
July 1, 2025
Solana Finalizes TSLAx Trades Instantly as Ethereum L2s Face Settlement Delays
Solana Finalizes TSLAx Trades Instantly as Ethereum L2s Face Settlement Delays
July 1, 2025

© Daily Crypto Post. Live Crypto News | Bitcoin and Altcoins News & Insights. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact