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Solana Eyes Breakout Above $145 as Bulls Defend Key Support

Solana Eyes Breakout Above $145 as Bulls Defend Key Support

Author:
SOL News
Published:
2025-06-25 08:47:15
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[TRADE_PLUGIN]SOLUSDT,SOLUSDT[/TRADE_PLUGIN]

Solana (SOL) is showing signs of stabilization after weeks of volatile trading, with analysts eyeing a potential breakout above $145. The cryptocurrency currently trades near $144 as of June 24, 2025, with market participants watching for a decisive flip of resistance into support. Technical analysts suggest SOL may be forming a wave 4 correction within an Elliott Wave structure. A hold above $109 could pave the way for further upside momentum, reinforcing bullish sentiment in the market. This development comes as Solana continues to strengthen its position in the decentralized finance (DeFi) and non-fungible token (NFT) sectors, attracting increased investor interest. The resilience of SOL's price action underscores the growing confidence in its long-term potential, making it a key asset to watch in the evolving crypto landscape.

Solana Price Prediction: SOL Eyes Breakout Above $145 as Bulls Defend Key Support

Solana (SOL) is showing signs of stabilization after weeks of volatile trading, with analysts eyeing a potential breakout above $145. The cryptocurrency currently trades NEAR $144 as of June 24, 2025, with market participants watching for a decisive flip of resistance into support.

Technical analysts suggest SOL may be forming a wave 4 correction within an Elliott Wave structure. A hold above $109 could pave the way for a fifth-wave rally targeting $270-$320, representing the 1.618 Fibonacci extension of wave 1. This zone is viewed as a potential cycle top area.

The 61.8% retracement level of the previous wave is serving as critical support. A breakdown below $109 would invalidate the bullish structure, according to analysis from More crypto Online. Short-term momentum appears to be turning positive, with traders anticipating a potential bullish continuation.

Pump.fun Livestreams Elevate Solana Meme Coin Culture with Unconventional Events

Solana-based token launchpad Pump.fun has evolved beyond its original purpose, emerging as a vibrant livestreaming platform rivaling established services like Twitch and YouTube. The platform now sponsors creators, incentivizes viral content sharing, and hosts increasingly audacious meme coin-related streams.

This week's highlights include a scheduled on-stream marriage ceremony and a creator attempting to repeat "Pumpfun" one million times. The platform has also become home to influencer collectives living together while competing to create the most valuable meme coins—a modern twist on reality TV with crypto economics at its core.

The activity follows notable previous streams including a record-breaking 50-state U.S. road trip and wartime broadcasts from Israel. Pump.fun's model allows creators to launch solana meme coins while engaging audiences through live content, creating a symbiotic relationship between entertainment and token valuation.

$1,000 in Anso Finance Today: Potential Future Valuation

Anso Finance, a Solana-based DeFi platform, is attracting investor attention with its tangible product roadmap and security-focused infrastructure. Unlike speculative tokens, Anso offers fixed supply, locked liquidity, and practical financial tools including high-yield staking, tokenized assets, and payment integrations.

The presale presents an early-entry opportunity, with projections suggesting significant growth potential. A $1,000 investment could escalate to $8,000 upon listing at $0.03, potentially reaching $42,000 within 24 months in aggressive scenarios. Staking rewards may compound these gains by 10-20%.

Built on Solana's low-cost network, Anso distinguishes itself through utility-driven design rather than hype—a rarity in today's DeFi landscape.

CME Futures Volume Soars for Solana: Can $258.45 Be the Next Target?

Solana's CME Futures volume has surged to a record 1.75 million contracts, marking the highest level on record. This surge underscores robust institutional interest as SOL's price rebounds to approximately $145.

Despite a slight dip in volume, open interest continues to rise, signaling sustained market confidence. Analysts are eyeing potential price targets of $204.31, $229.01, and $258.45 should a bullish breakout materialize.

The data, highlighted by Glassnode, reflects aggressive positioning by institutional investors. The CME Futures market is emerging as a focal point for professional strategies, further validating Solana's growing prominence in the digital asset space.

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