Solana (SOL) can prepare to reach $ 620 in the coming months, according to a commercial analyst that also sees the possibility that DEFI assets collect $ 1,000.
This bullish view comes at a time when Sol recovered a decline on June 6, when she touched the lowest weekly level of $ 141. As of the time of the press, the distinctive symbol has been traded at $ 149.52, a decrease of 1.5 % over the past 24 hours.
Solana faces short -term pressure in the short term, as the price remains less than the simple moving average for 50 days (SMA) of $ 161 and SMA for 200 days at 164.19 dollars. It can confirm a decisive break over SMA for 200 days reflecting the direction and igniting a renewed bullish momentum.
The 14 -day relative index (RSI) is 40.14, indicating a slight declining pressure without entering the sale area.
Seoul’s path to $ 620
From an artistic point of view, analyst Mr. Ananda partner Tradingvief mail On June 6, he set a possible path for Sol to reach $ 620, with a goal of at least $ 420 and the highest extended level of $ 1020.
After correcting approximately 24 % from $ 188 to $ 141, Ananda It is believed that the retreat stage may end. In this case, the encrypted currency develops a higher low pattern, indicating the start of a new upward trend.
Meanwhile, the main Fibonacci extension levels support this projection: $ 420 at the level of 1.618, 620 dollars at the level of 2.618, and $ 1021 at the level of 4.618.
According to expectations, digital assets can reach $ 620 by January 2026, an increase of 316 % over their current price. If this goal is reached, the roof of the Solana balloon market may be about 325 billion dollars, which may get the second rank behind Bitcoin (BTC), assuming the minimum growth of ETHEREUM (ETH) during the same period.
Finally, the commercial expert warned against negligence in a rise, and instead, it is advised to wait for support levels before entering positions.
Solana basics
Meanwhile, Solana’s broader ecosystem continues to show out a prominent momentum. The market’s interest focuses on the decision of the US Securities and Stock Exchange Committee (SEC) regarding the requests of the Fund Fund traded on the Stock Exchange (ETF).
In 2025, approval possibilities increased to more than 80 % despite the Supreme Education Council delayed its decision regarding proposals from 21shares, BitWise, Vaneck and Canary Capital.
On the other side, some doubts remain. SOSTER TARDENS, the Solana Sustainable Sustainability Company, interrogated in late May, and warned in a report that the network risks to become a “single dowry of the dowry” dominated by the creation and circulation of the MIMEN. For beginners, the last Solana momentum was mainly driven by the activity of Mimi currency on the network.
Distinctive image via Shutterstock
