Solana Price has struggled to restore the $ 150 support brand for days, and its momentum is closely related to the performance of Market Belweether Bitcoin. The Solusd pair was at $ 148 at the time of writing this report, an increase of 0.7 %, but with a decrease in trading volume by 25 %. This indicates that the purchasing momentum is weakening and a reflection can occur in the near -term if the currency fails to re -test the mark of $ 150.
The declining pressure on PRICE SOLANA comes at a time when Pump.fun Pump.fun has a lawsuit on allegations ranging from illegal trading in unregistered securities to trading from within. The lawsuit has more than 500 plaintiffs, and it also accuses a pump. The Meme Coin X Coin Launcher account was deactivated on June 16 and was re -reinterated after 24 hours, adding negative optics to this development.
Pump.fun accumulates Sol through the distinctive symbol exchange fees and “graduation” payments and periodically sells millions of coins on the stock exchanges. This makes it one of the most important liquidity drivers and volatility in the Solana ecosystem. Therefore, destabilization can affect this basic system negatively in the medium and long term. However, in the short term, the main technical indicators indicate a weakness in the bullish momentum of the currency. Daily RSI is 42 years, and is trading less than EMA 9, 21, 50 and 200 days.
Predicting at the price of Solana
Solana Price, the axes at $ 148.25 and the resistance at this level prefers the negative side of the rush. The currency is likely to find initial support for $ 147.15. However, the procedure can decrease and test 145.45 dollars if the declining momentum is strengthened.
Instead, the momentum will turn to the upward trend if the price exceeds $ 148.25. You can see the initial resistance created at $ 149.25. The procedure above this level will nullify the narrative of the downside and can scan the track to test 150.00 dollars.
