After reclaiming key support near $152, the Solana price today is trading around $158.67, marking a rebound of over 4% in the last 48 hours. This recovery follows a breakout from a falling wedge pattern visible on both the 30-minute and 4-hour charts, pushing Solana price back into a critical resistance zone between $158 and $161. However, momentum indicators are mixed, and Solana price volatility is beginning to rise again.
What’s Happening With Solana’s Price?
SOL price dynamics (Source: TradingView)
The Solana price action began to accelerate upward on June 9 after bulls defended the $144–$152 support cluster. This level had previously served as a macro demand zone, as seen on the daily chart. Price pushed sharply higher, breaking above the descending trendline and reclaiming the 100 EMA near $158.
SOL price dynamics (Source: TradingView)
On the 30-minute Ichimoku chart, price is now testing the flat Kijun-Sen at $158.72 while holding just above the cloud base. Both Tenkan-Sen and Kijun-Sen are turning flat, suggesting short-term indecision. However, the breakout remains structurally intact as long as SOL holds above the cloud.
SOL price dynamics (Source: TradingView)
The RSI is currently neutral at 53.01, while the MACD has flipped mildly positive on the 30-minute timeframe. These indicators reflect a stalling but still constructive trend. Meanwhile, the Stoch RSI has begun to rise from deeply oversold conditions (29.75/14.13), hinting at a possible second leg higher — if resistance is broken.
Why Solana Price Going Up Today?
The primary driver behind why Solana price going up today is the breakout from the multi-session downtrend and bullish reclaim of the $152 support. This zone had previously acted as a strong base during late May, and bulls stepped in once again after a rejection near $144 last week.
SOL price dynamics (Source: TradingView)
This technical breakout coincided with broader altcoin recovery in the market, propelling Solana price spikes through key moving averages including the EMA20, EMA50, and EMA100 on the 4-hour chart. Price also tagged the upper Bollinger Band near $160.58 before pulling back — a typical reaction after a sharp leg up.
SOL price dynamics (Source: TradingView)
While short-term charts suggest momentum is slowing, there are no signs yet of a full trend reversal, particularly as Solana price continues to trade above all major EMAs and the Ichimoku cloud on multiple timeframes.
Solana Price Update: Will Bulls Clear $161?
The next test for bulls is a clean break above $161.60, which marks the upper edge of the grey resistance band visible on both intraday and daily charts. This region has capped price action multiple times since late April. A close above this level would shift near-term market structure in favor of buyers and potentially ignite a larger rally toward $171.65 (Fib 0.5 retracement on the weekly chart).
Conversely, failure to break above $161 may trigger another retest of the $152–$155 support area. This zone coincides with the lower Bollinger Band midline and the ascending trendline that formed after the June 5 reversal.
SOL price dynamics (Source: TradingView)
In the broader context, the weekly Fibonacci chart shows Solana price consolidating above the 0.236 retracement at $142.48, but still well below the major 0.5 and 0.618 retracement levels at $171 and $218 respectively. A decisive move above $161 is necessary to initiate a fresh bullish wave.
Short-Term Forecast: Solana Remains at a Pivotal Level
SOL price dynamics (Source: TradingView)
With mixed RSI-MACD dynamics and Solana price volatility returning, traders should watch the $158–$161 zone closely for breakout or rejection confirmation. A sustained rally above $161 would target $171 and possibly $185 next. On the downside, a failure to hold $152 could risk a retest of $144.
Overall, the Solana price update for June 11 highlights an encouraging recovery with upside potential — but bullish conviction needs to strengthen with volume and a clear break above resistance.
SOL Forecast Table: June 11, 2025
| Indicator/Zone | Level (USD) | Signal |
| Resistance 1 | 161.60 | Local high, key breakout barrier |
| Resistance 2 | 171.65 | Weekly Fib 0.5 retracement |
| Support 1 | 155.01 | EMA50 and Bollinger midline (4H) |
| Support 2 | 152.62 | Trendline and demand block |
| Weekly Fib Level | 142.48 | Major macro support |
| MACD (30-min) | Mildly Bullish | Weak upward momentum |
| RSI (30-min) | 53.01 | Neutral, potential for continuation |
| Stoch RSI (30-min) | 29.75 / 14.13 | Rising from oversold |
| Ichimoku Cloud Base (30-min) | 158.26 | Holding above cloud support |
| Bollinger Band Upper (4H) | 160.58 | Rejection zone |
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