Solana holding key support: breakout likely if bulls step in

2025/06/19 01:25

Solana is sitting on a critical support level following a period of muted volatility and sideways consolidation. With multiple technical confluences now in play, the market appears primed for a decisive breakout,or breakdown. The current structure suggests that price is coiling, and the next move could mark a major directional shift.

Solana (SOL) has shown signs of hesitation, yet the support zone continues to hold firm. This combination often precedes a volatility expansion, and Solana is approaching that inflection point. Traders should be watching closely, as the resolution of this range will offer clarity on the next trend direction.

Key technical points,

  • VWAP Support: The VWAP anchored from the cycle low is acting as dynamic support under current price action.
  • 143 Daily Support: A high time frame level that has repeatedly held, providing strong market structure.
  • Swing Low Structure: Price is respecting a cluster of key swing lows, forming a significant demand area
Solana holding key support: breakout likely if bulls step in - 1

From a technical standpoint, Solana’s current chart positioning is notable. The anchored VWAP from the cycle low is sitting directly below current price and aligns with the 143 daily support level, creating a strong confluence zone. Additionally, multiple prior swing lows form a local demand cluster, suggesting this area has attracted buyers in the past.

Despite this, price remains in no man’s land. Solana has not demonstrated impulsive follow-through in either direction. A decisive breakout above the current range highs could spark a run toward the next major resistance near the $170 region. Conversely, a failure to hold this support could trigger a liquidity sweep below, exposing the asset to a deeper pullback before any recovery attempt.

It’s also worth noting the lack of volume accompanying recent moves. Without meaningful participation, any breakout risks becoming a false move or weak trend extension. Traders should exercise caution and wait for confirmation through volume expansion and structural breaks before committing to directional setups.

What to expect in the coming price action

As long as Solana holds above this high-confluence support zone, the probability of a bounce remains slightly elevated. However, in the absence of a strong reaction or breakout, the range may persist. A breakdown below this level would shift bias to the downside, targeting lower support zones. The next few sessions are critical, stay patient and let the chart confirm the move.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Exploring the Future of Investing: Top Upcoming Crypto Presales in 2025

Exploring the Future of Investing: Top Upcoming Crypto Presales in 2025

Among the myriad of upcoming crypto presales, the one that stands out is Ozak AI, a fusion of artificial intelligence and blockchain technology that aims to revolutionize market analytics. Introducing Ozak AI—A Beacon in Crypto Presales Ozak AI, now in the final stages of its presale, is not just a regular token offering. It's a glimpse into the future of automated market insights powered by AI. The presale price of $OZ tokens is currently an accessible $0.005, with the potential to skyrocket to $2.80, offering ambitious 560x returns. The project has attracted substantial investment, amounting to over $1.95 million so far, indicative of its market confidence. With more than 150 million tokens already sold, Ozak AI could be a game-changer for both investors and the blockchain industry. Ozak AI's integration with Weblume and SINT platforms enhances its robustness, potentially setting it up as a significant player in the blockchain arena, comparable or even superior to established names like Solana and XRP. For deeper insights, watch this detailed discussion: Other Noteworthy Crypto Presales This Month While Ozak AI is the frontrunner, several other presales are catching the eyes of savvy investors: Layer Brett ($LBRETT): A Layer 2 solution promising faster transactions and lower fees, appealing especially to meme coin collectors and NFT aficionados. Remittix ($RTX): This innovative project aims to streamline cross-border payments and is set to expand financial services accessibility globally, certified by CertiK for its security. BlockDAG ($BDAG): Utilizing a DAG structure, this project is poised to enhance blockchain scalability and transaction speed, promising enterprise-level throughput. Market Prospects and Predictions for Future Growth The growing enthusiasm for AI-driven platforms coupled with strategic advancements in projects like Ozak AI signify a potent potential to outpace current market leaders. The aggressive pricing strategy of these presales underlines the high growth prospects, but as with any investment, they come with inherent risks tied to market volatilities. As the technology and financial landscapes evolve, these presales are expected to play a pivotal role in defining the next wave of blockchain innovation. For further information on Ozak AI, check out their official website, follow them on Twitter/X, or join their Telegram channel. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.
Share
Coinstats2025/08/19 17:01
South Korea Puts Brakes on CBDC Plans — Here’s What to Know

South Korea Puts Brakes on CBDC Plans — Here’s What to Know

South Korea has put the brakes on its digital currency testing project, pausing preparations for the next phase just as stablecoins take on renewed political and market significance. The Bank of Korea reportedly informed participating banks that it will temporarily halt discussions related to the second stage of its central bank digital currency pilot, which was originally slated to begin later this year. A BOK official confirmed the decision to Bloomberg , citing the need for reassessment amid shifting priorities. New President’s Stablecoin Push Prompts Central Bank Caution The delay comes as newly elected President Lee Jae-myung places growing emphasis on stablecoins. Just weeks into office, Lee has proposed expanding the field of issuers by allowing companies with as little as 500m won, or about $370,000, in equity to issue won-based stablecoins. South Korea’s central bank halted its digital currency testing project, telling participating banks it will temporarily pause discussions related to the initiative https://t.co/TuBn6SLXvo — Bloomberg (@business) June 30, 2025 His administration has signaled that stablecoins could play a major role in the country’s digital asset roadmap. BOK officials appear cautious about moving too quickly. Senior Deputy Governor Ryoo Sang-dai recently stressed that any rollout of stablecoins should be gradual and bank-led, with clear consumer protections and measures to avoid market disruption. Crypto Holdings Now Key Part of Personal Wealth for Millions in South Korea Meanwhile, South Korea remains one of the world’s most active crypto markets. Over a third of the population, roughly 18m people, are involved in digital asset trading. On particularly busy days, local crypto exchange volumes have surpassed those of traditional equity markets such as the Kospi and Kosdaq. A recent industry survey found that more than half of South Koreans aged 20 to 59 have experience trading crypto . Moreover, one in four currently hold digital coins. For those invested, crypto now makes up at least 14% of their total financial portfolios. In addition, many maintain wallets across several domestic exchanges. Enthusiasm around digital assets has also spilled into the stock market. Shares of companies linked to the Bank of Korea’s CBDC initiative have rallied in recent weeks . Kakao Pay has more than doubled in value this month, while LG CNS surged nearly 70% before easing slightly.
Share
CryptoNews2025/06/30 11:04