{"id":27114,"date":"2025-06-20T06:00:08","date_gmt":"2025-06-20T06:00:08","guid":{"rendered":"https:\/\/cryptd.in\/solana-correction-about-to-end-analyst-forecasts-130-retest-before-next-wave-up\/"},"modified":"2025-06-20T06:00:08","modified_gmt":"2025-06-20T06:00:08","slug":"solana-correction-about-to-end-analyst-forecasts-130-retest-before-next-wave-up","status":"publish","type":"post","link":"https:\/\/cryptd.in\/nl\/solana-correction-about-to-end-analyst-forecasts-130-retest-before-next-wave-up\/","title":{"rendered":"Solana Correction About To End? Analyst Forecasts $130 Retest Before Next Wave Up"},"content":{"rendered":"

Amid the geopolitical turmoil, Solana (SOL) has retraced 10% in the past week. Some analysts believe that the altcoin\u2019s correction is about to end, but warned that a dip below a key support level might come first.<\/p>\n

Solana Eyes Key Retest Before Breakout<\/h2>\n

After retesting the $168 resistance<\/a> last Wednesday, Solana has fallen back to a key level fueled by the recent market pullback. The cryptocurrency has seen a 15% retracement from its monthly highs, trading around the $140 zone for the past three days.<\/p>\n

SOL has been hovering between the $145-$180 price range since its May breakout<\/a>, falling to the range lows during the June market shakeouts. Since then, the altcoin has struggled to reclaim the $160-$170 mid-zone.<\/p>\n

Nonetheless, market watcher Lluciano considers that Solana \u201cmay dip a bit more, but the ultimate target is seriously huge.\u201d The analyst highlighted SOL\u2019s performance since April, noting that it ended its multi-month downtrend after breaking above its descending resistance at the end of\u00a0March.<\/p>\n

\"Solana\"<\/p>\n

After this price action, SOL retested the $100-$120 demand zone before breaking out to its current range in the following weeks. Now, the altcoin\u2019s chart displays a one-month falling wedge pattern, with the upper boundary sitting around the $155-$160 area.<\/p>\n

To the analyst, a breakout from this pattern could send the cryptocurrency toward May\u2019s $187 high resistance before propelling the price to retest the $240 mark.<\/p>\n

Similarly, trader Rose noted<\/a> that SOL has been consolidating above the key $145 resistance and 50-day Moving Average (MA), signaling a potential breakout. \u201cIf confirmed, the price could rise toward targets at $165, $183, and $220,\u201d they suggested.<\/p>\n

SOL To Underperform In Coming Months?<\/h2>\n

Market watcher Crypto Bullet suggested<\/a> that Solana\u2019s correction is coming to an end. The analyst forecasted that SOL could soon lose its current range and retest the April consolidation range, around the $125-$135 area, to complete the correction.<\/p>\n

This would be followed by a bounce back into the current range before surging past the $200 barrier toward the $220-$250 targets, for \u201cone more wave up\u201d this cycle.<\/p>\n

Meanwhile, Altcoin Sherpa affirmed<\/a> Solana won\u2019t outperform like it did during the first half of the cycle. According to the analyst, the cryptocurrency won\u2019t outperform Bitcoin (BTC) on any long-term timeframe \u201cother than a few blips here and there.\u201d<\/p>\n

He explained that the cycle\u2019s leading altcoin isn\u2019t \u201cdead,\u201d but that he doesn\u2019t \u201csee it having a run like it did in 2021\/2024.\u201d Notably, SOL is currently retesting its late November 2023 support levels against BTC, which previously sent it to yearly lows after failing to hold them.<\/p>\n

Altcoin Sherpa concluded that Solana will likely continue to climb<\/a> against its USDT pair but continue to bleed in its SOL\/BTC chart.<\/p>\n

As of this writing, Solana is trading at $145, a 12.1% decline in the monthly timeframe.<\/p>\n

\"Solana,<\/p>","protected":false},"excerpt":{"rendered":"

Amid the geopolitical turmoil, Solana (SOL) has retraced 10% in the past week. Some analysts believe that the altcoin\u2019s correction is about to end, but warned that a dip below a key support level might come first. Solana Eyes Key Retest Before Breakout After retesting the $168 resistance last Wednesday, Solana has fallen back to […]<\/p>\n","protected":false},"author":1,"featured_media":27116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nSolana Correction About To End? 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