Solana Price Prediction: Upcoming Technical Breakout Signals?

Solana (SOL) is showing signs of recovery after weeks of sideways movement and slow declines. Based on the latest daily and hourly TradingView charts as of June 3, 2025, the technical context is changing—and not quietly. Let's explore whether the price of Solana is on the verge of a significant breakthrough or if the current bullish movement is just another bull trap. Solana price prediction: Is SOL price increasing on the hourly chart?

The 1-hour Heikin Ashi chart shows a short-term recovery story. After consolidating near the $155 mark for several days, the SOL price broke above multiple moving averages in a row. The simple moving averages (SMA) 20, 50, and 100 hours are all between $155.4 and $156.6. The price at the time of writing is $159.99, confirming a clear breakout across the entire MA band. The upward crossing price line over this SMA cluster is a bullish signal. The 200-hour SMA in red is still hovering around $165.20, acting as the next resistance level. If the SOL price surpasses that level with large volume, we can expect a swift move to retest $170. According to the Fibonacci retracement angle, the recent price level suggests local resistance around $160.50–$161.20, where previous rejects occurred. Price action has held above these levels for the past few hours, suggesting that buyers may be taking control. What does the daily chart reveal about the long-term direction?

Zooming out on the 1-day chart gives a clearer picture of the recent correction and the possibility of Solana's reversal. After peaking near $188 in early May, the SOL price has fallen to a low near $156 — coinciding with the 50-day SMA at $157.73, which serves as strong support. The Heikin Ashi candle today is green and pushed higher from this SMA bounce area, confirming the strength of this support. The 100-day SMA is slightly lower at $144.32, further reinforcing the cushion beneath the current price action. However, the 20-day SMA is currently acting as resistance at $168.80, coinciding with the psychological level of $170. Let's calculate the rapid fluctuations. The rebound from $156 to today's high of $162.45 represents a 4.13% rebound. If this rally holds, a similar move from $160 would forecast a short-term target of: 160 dollars + (4.13% of 160 dollars) = 160 dollars + 6.61 dollars ≈ 166.61 dollars This is almost in line with the 200-day SMA at $179.32. Therefore, we can expect that if the price of SOL surpasses $168, the path to $179 will be the next testing area, although there are some resistance levels around $172. Is this a fake or the beginning of a bullish reversal? The current breakout effort is technically supported, but it is not complete until the price of Solana breaks through the 20-day SMA at $168 with volume. The RSI data ( does not show on the chart), likely in the neutral zone, considering the consolidation phase, indicating room for a bullish move. The 50-day SMA serves as support, further reinforcing the case for a bullish continuation in the short term. The price of SOL also avoids reconsidering deeper support levels such as $144 or the more dangerous zone of $120 seen on Fibonacci extensions. This increases the likelihood that the range of $156–$158 marks a local bottom. What is the price prediction for Solana this week? If the price of Solana maintains above 160 dollars in the next 24 hours and closes a strong daily candle above 162 dollars, the next bullish target will be: Short term: $166.6 and $170Medium term: $179–$180 (near the 200-day SMA) However, if it does not close above $160, it will pull the price back to the congestion zone between $156 and $158. A break below $156 will invalidate the bullish setup and may return to $144. Final conclusion: Can the price of SOL recover to the level of 180 dollars? The price of Solana is technically preparing for a bullish reversal, supported by both hourly momentum and daily SMA structure. If the current breakout holds above the 50-day SMA and conquers the 20-day resistance level, SOL could actually rise to 170 dollars and potentially reach 180 dollars in a few days. The next 48 hours are crucial. Pay attention to the volume, hourly closes above $160, and whether $168 can break the strength. A breakout above that level could trigger a technical buying wave and put SOL into a new bullish trend in June.