Solana (SOL) Price Prediction for June 11, 2025: SOL Reclaims $158 But Faces Heavy Resistance at $161
After reclaiming key support near $152, the Solana price today is trading around $158.67, marking a rebound of over 4% in the last 48 hours. This recovery follows a breakout from a falling wedge pattern visible on both the 30-minute and 4-hour charts, pushing Solana price back into a critical resistance zone between $158 and $161. However, momentum indicators are mixed, and Solana price volatility is beginning to rise again.
What’s Happening With Solana’s Price?
The Solana price action began to accelerate upward on June 9 after bulls defended the $144–$152 support cluster. This level had previously served as a macro demand zone, as seen on the daily chart. Price pushed sharply higher, breaking above the descending trendline and reclaiming the 100 EMA near $158.
On the 30-minute Ichimoku chart, price is now testing the flat Kijun-Sen at $158.72 while holding just above the cloud base. Both Tenkan-Sen and Kijun-Sen are turning flat, suggesting short-term indecision. However, the breakout remains structurally intact as long as SOL holds above the cloud.
The post Solana (SOL) Price Prediction for June 11, 2025: SOL Reclaims $158 But Faces Heavy Resistance at $161 appeared first on Coin Edition.
Read More
Solana (SOL) Price Prediction: Nasdaq Listing Sparks Optimism
Solana (SOL) Price Prediction for June 11, 2025: SOL Reclaims $158 But Faces Heavy Resistance at $161
After reclaiming key support near $152, the Solana price today is trading around $158.67, marking a rebound of over 4% in the last 48 hours. This recovery follows a breakout from a falling wedge pattern visible on both the 30-minute and 4-hour charts, pushing Solana price back into a critical resistance zone between $158 and $161. However, momentum indicators are mixed, and Solana price volatility is beginning to rise again.
What’s Happening With Solana’s Price?
The Solana price action began to accelerate upward on June 9 after bulls defended the $144–$152 support cluster. This level had previously served as a macro demand zone, as seen on the daily chart. Price pushed sharply higher, breaking above the descending trendline and reclaiming the 100 EMA near $158.
On the 30-minute Ichimoku chart, price is now testing the flat Kijun-Sen at $158.72 while holding just above the cloud base. Both Tenkan-Sen and Kijun-Sen are turning flat, suggesting short-term indecision. However, the breakout remains structurally intact as long as SOL holds above the cloud.
The post Solana (SOL) Price Prediction for June 11, 2025: SOL Reclaims $158 But Faces Heavy Resistance at $161 appeared first on Coin Edition.
Read More