{"content":"🔁 Solana Correction Nearing End? $130 Retest Could Spark New Rally Solana fell to a crucial level after retesting $168 barrier on Wednesday, spurred by the market slump. The cryptocurrency has dropped 15% from its monthly highs and traded around $140 for three days. Since May, SOL has traded between $145 and $180, dropping to range lows amid June market shakeouts. The cryptocurrency has failed to regain the $160-$170 mid-zone since then. However, market observer Lluciano believes Solana “may dip a bit more, but the ultimate target is seriously huge.” After breaking over its declining barrier in March, SOL stopped its multi-month downturn, according to the analyst. After this price action, SOL retested the $100-$120 demand zone before breaking out to its current range weeks later. The altcoin's chart shows a one-month falling wedge pattern with an upper limit at $155-$160. A breakthrough from this pattern might bring the cryptocurrency toward May's $187 high barrier before retesting $240, according to the expert. Similarly, trader Rose highlighted that SOL has been consolidating above $145 barrier and 50-day MA, suggesting a breakthrough. “If confirmed, the price could rise toward targets at $165, $183, and $220,” they said. SOL To Underperform Next Months? The expert predicted that SOL will lose its current range and retest the April consolidation range around $125-$135 to finish the decline. After bouncing back into the present level, prices would surge over $200 into $220-$250 objectives for “one more wave up” this cycle. While the cycle's leading cryptocurrency isn't “dead,” he doesn't “see it having a run like it did in 2021/2024.” Note that SOL is retesting its late November 2023 support levels vs BTC, which brought it to annual lows after failing to hold them. #solana #PowellRemarks #FOMCMeeting #IsraelIranConflict $SOL ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/20/484e25a6d8374ea7804778f47f43b53f.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}