By TradingView – SOLUSD_2025-06-01 (1M)
Bearish Signals: Could SOL Plunge to $70?
Several warning signs are stacking up against the $Solana price:
From another view, the sun-soaked rally of Solana is technically over: a breach beneath $165 is no mere dip; it’s a seismic shift. Since April, SOL had been supported by a lifeline known as a bullish channel. That channel had to snap. Here is a crimson siren being flashed by the market.
By TradingView – SOLUSD_2025-06-01 (5D)
“After facing resistance, Solana became bearish again. Analysts foresee that if the market decline continues, the asset may experience a freefall, which could see SOL fall below $100 and, in the worst case, test its $70 support.”
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Bullish Catalysts: Is a Rebound Still Possible?
Despite the bearish mood, some metrics remain bullish for the $SOL price:
- Institutional Accumulation: Large investors and funds continue to accumulate Solana, citing its high-speed network and long-term scalability.
By TradingView – SOLUSD_2025-06-01 (YTD)
While short-term pressure exists, many believe the fundamentals still favour long-term growth for SOL.
Thanks for reading Solana Price Prediction: Will SOL Crash to $70 or Bounce Back Stronger?
