Share this article
Solana's SOL Holds $140 Support as Reversal Pattern Gains Strength
SOL dipped 5% before stabilizing at $140, with technical indicators pointing to a potential upside breakout if resistance is cleared.
Jun 21, 2025, 4:44 p.m.
What to know:
- SOL bounced off intraday lows near $136.75 and is consolidating around $140.46 despite a 1.41% 24-hour decline.
- A descending channel and bullish reversal pattern have emerged, supported by heavy volume at $140.40.
- Technical resistance at $142.65 must be breached to confirm a breakout toward higher targets.
Solana's native token, SOL , is trading at $140.46, down 1.41% over the past 24 hours, after recovering from a sharp 4.9% decline that took the price from $142.91 to $135.96, according to CoinDesk Research's technical analysis model. The asset has since stabilized between $140 and $142, with support forming at $140.40.
Solana’s ecosystem continues to grow, with recent announcements including support for wrapped Bitcoin (WBTC) on the network. Analysts remain divided on the outlook, with some pointing to a potential move toward $200, while others expect a retracement to the $123–$135 range.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Technical Analysis Highlights
- SOL declined 4.9% from $142.91 to $135.96, establishing a 7.08-point trading range.
- The asset recovered to form a consolidation pattern between $140 and $142.
- High-volume support appeared at $140.40 during the 13:00 hourBetween 14:32 and 14:37, SOL surged from $140.48 to $141.40.
- Selling pressure pushed the price down to $140.32, then to a session low of $140.29.
- A descending channel formed with lower highs and lower lowsResistance at $142.65 capped price action twice.
- Concentrated selling volume occurred during the 15:10 candle, suggesting near-term bearish sentiment
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Crypto Markets Today: Traders Seek Catalysts After Bitcoin’s Post-Fed Pullback
The crypto market slipped to the lower end of its range after the Federal Reserve’s 25bps rate cut failed to spark fresh momentum.
What to know:
- BTC is trading near $90,350 after defending the $88,200 support zone, but momentum remains capped below the key $94,500 resistance level.
- Implied volatility fell to its lowest since November, ETH/BTC IV spreads widened, and risk reversals stayed negative across tenors while open interest declined—most sharply in ADA.
- Low-liquidity conditions dragged tokens like ETHFI, FET, ADA and PUMP down more than 8%, while privacy-focused XMR stood out with gains as the broader altcoin season index slumped to 19/100.
Top Stories
