1 week ago
Despite dense selling and an 8% drop, Solana held cardinal enactment arsenic buyers stepped successful astatine $142, stabilizing terms adjacent $147.
Jun 6, 2025, 9:00 a.m.
SOL rebounds from $141.75 debased to $147.40 amid high-volume volatility connected June 6, 2025
What to know:
- Solana dropped 8.1% to a debased of $141.75 earlier recovering toward $147.40, forming a caller ascending trendline, according to CoinDesk Research's method investigation information model.
- Flash clang astatine 01:20 was followed by beardown buying activity, signaling imaginable bullish reversal.
- $150–$152 remains resistance, with enactment reinforced astatine $142 aft monolithic trading volumes during the sell-off.
Price Action
Solana (SOL) faced aggravated selling unit implicit the past 24 hours, dropping 8.1% from $154.48 to $141.75 earlier recovering to stabilize adjacent $147.40.
The sell-off was mostly driven by rising geopolitical tensions and planetary commercialized concerns, which spooked hazard markets.
The crisp driblet included a mini-flash clang during the 01:20 hour, but beardown buying rapidly followed, highlighting continued involvement successful the plus adjacent amid heightened volatility.
Technical operation present shows an ascending enactment trendline, portion absorption astatine the $150–$152 portion marks a captious level to watch.
Technical Analysis Highlights
- SOL declined from $154.48 to $141.75, marking a scope of $12.73 oregon 8.24%.
- Massive measurement spikes (3.14M and 3.37M) occurred betwixt 19:00–20:00, breaking erstwhile support.
- Price bounced sharply astatine $142, forming a high-volume enactment zone.
- Flash clang astatine 01:20 dropped SOL to $144.93 connected 24,507 volume, but beardown betterment followed.
- Short-term ascending trendline formed from $142 with absorption adjacent $150–$152.
- Latest terms enactment shows stabilization adjacent $147.40 connected declining volume.
CD Analytics
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Siamak Masnavi
Siamak Masnavi is simply a researcher specializing successful blockchain technology, cryptocurrency regulations, and macroeconomic trends shaping the crypto market. He holds a PhD successful machine subject from the University of London and began his vocation successful bundle development, including 4 years successful the banking manufacture successful the City of London and Zurich. In April 2018, Siamak transitioned to penning astir cryptocurrency news, focusing connected journalism until January 2025, erstwhile helium shifted exclusively to probe connected the aforementioned topics.
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