The Solana price has fallen to $145 today, with ongoing tensions in the Middle East causing the altcoin to erase most of the gains it made at the start of the week.
SOL is now down by 8% in a week and by 13% in the past month, with the coin having traded more or less between $140 and $160 since the end of May.
The coin had been threatening to consolidate above $160 up until June 12, when Israel conducted its first airstrikes against Iran, triggering a conflict which threatens to escalate further.
However, such macro conditions do not affect Solana’s fundamentals, with the coin and its blockchain looking forward to significant developments this year, boosting its long-term price prediction.
Solana Price Prediction: Stuck in the $140s — What’s Holding SOL Back from Breaking Out?
As far as Solana’s price chart is concerned, the altcoin may be very close to breaking out, given the direction of its indicators.
Most notably, its resistance (red) and support (green) levels have been verging towards each other for a couple of months, and are close to meeting.
Source: TradingViewThis could result in a big move for the Solana price, and seeing as how the coin’s RSI (purple) and MACD (orange, blue) are both in oversold positions, such a move will likely be upwards.
Other bullish indicators include SOL’s volume, which is at $4.2 billion today, while the token has also witnessed a series of big transfers over the past week.
There’s also the fact that Solana remains the third-most popular crypto among institutions, after Bitcoin and Ethereum, with digital funds holding a total of $1.39 billion in SOL at last count.
These are all positive signs, and if we disregard the tensions in the Middle East, SOL should return to $200 by the end of next month.
As for the bigger picture, Solana remains one of the fundamentally strongest altcoins in the market, with TVL of $8.3 billion.
On top of this, it’s looking forward to some potentially game-changing upgrades later this year, including the Alpenglow consensus update and the Firedancer validator client.
Together, these changes will make Solana faster and more secure, which in turn should help it attract even more usage and adoption.
This is why the Solana price is on track to hit $300 by Q4, and $400 by the end of the year.
Solana-Based Layer-Two Network Solaxy Raises $54 Million in Biggest Presale of 2025
One of the reasons why Solana is such a strong contender right now is because of all the tokens and platforms running on its blockchain.
It has a thriving ecosystem of dapps and projects, and one of the newest and most exciting at the moment is Solaxy (SOLX), a layer-two platform set to launch in four days.
Solaxy has raised an astonishing $54.8 million in its presale, with investors betting big that SOLX could become one of the best-performing new tokens of the year.
SOLX is exciting because of its fundamentals, with its native Solaxy platform serving as Solana’s first ever layer-two network.
It will provide ultra-low transaction fees and confirmation times, while also helping users avoid the failed transactions and delays that can still affect Solana in its current form.
Also bullish is the fact that it will be rolling out its own decentralized exchange and its own token launchpad, with Solaxy hoping to become a vibrant ecosystem in its own right.
As its native token, SOLX will be necessary to pay for transaction fees, while holders can also stake it for a passive income.
It could therefore attract huge demand, with investors still able to buy it early by going to the Solaxy website.
It currently costs $0.001766, and given the success of its sale, it could surge well beyond this price when it lists next week.
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