Sol increased by 5% on Solana Etf News and then returned everything. Hype in Crypto is a fickle mistress like a Florida man on the bath salts: unpredictable, fascinating, a little adorable.
In the meantime, Sol is drifting close to the critical offer and the offer areas; His next move hangs in balance while the traders weigh the flash momentum against a deeper support.
The wave led by the Etf Solana meets immediate resistance
The announcement of the ETF initially brought a renewed interest to Solana, guiding a short price of 5%. However, his event had to face an immediate refusal at $ 160, a level in coincidence with an H4 (4 -hour) supply area known.
At this point you have a little bad for the owners of Sol. It makes you ask you if the altcoins of the last cycle are slow perennial engines:
Those who pumped 10x will already not do it anymore.
Altseason rewards those who identify new narratives, not those that chase the old ones.
– virtualbacon (@virtualbacon0x) 1 July 2025
This area where Sol is blocked is actually absorbed the purchase pressure, leading to SOL’s reverse in the $ 144.5– $ 147.7 interval.
According to the recent 99 bitcoin analysis, Solana’s behavior was predictable, as it reacted to the supply area taking a long time before reversing the path.
Key support and resistance levels after Solana Etf News
Sol clings to a crucial patch between $ 144.5 and $ 147.7. If Sold falls through this support, his next security network is much lower, about $ 124 or even falling near the $ 100 psychological cemetery.
A $ 100 relief before GTA 6 is not something we had on our Bingo 2025 card.
The bulls are observing $ 160. I break and close above, and things could fall quickly.
While Bitcoin is cut close to the historic highs, Sol and other Altcoin are late, dragged by the feeling of risk and a wider market that is desperate for cuts to feeding rates and quantitative eases.
Price action is still blocked in a channel descending from the failure of $ 180 in May. Each rebound seems temporary for Sol and the momentum is thin.
What is the next for Sol?
Glassnode data reveal that the real danger to Sol is below the support line. If $ 144 are unable to hold, there is not much to cushion the fall.
The subtle orders book between $ 100 and $ 124 could transform a dip into a nest. Tori must keep the line
At present, Bitcoin, the muster must forever, will probably decide whether it is stalled or bleeds. Keep this range could trigger a recovery but losing it could drag the price into the abyss.
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Keyway keyway
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Sol increased by 5% on Solana Etf News and then returned everything.
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While Bitcoin is cut close to the historic highs, Sol and other Altcoin are late, dragged by the feeling of risk and a wider market that is desperate for cuts to feeding rates and quantitative eases.
The Rally of the ETF Post Solana mitigates when the rankings report the potential of 20%, it appeared first out of 99 bitcoins.