The Solana (SOL) ecosystem is once again under pressure as broader crypto market volatility tests investor confidence. After a sharp rally earlier in June, SOL has pulled back from its recent highs, sparking renewed debate over its next major move. With critical support at $140 now in focus, traders and analysts alike are asking: Is a drop to $100 on the horizon, or can the network reclaim bullish momentum?
Market-Wide Pullback Triggers $131M in Liquidations
Over the past 24 hours, the cryptocurrency market has seen a wave of profit-taking and risk-off sentiment, resulting in $131 million in total liquidations, according to data from Coinglass. This follows a week of intense selling pressure across major altcoins, driven by a mix of macroeconomic uncertainty and technical corrections.
Solana mirrored this broader downturn, retreating from its June 11 peak of $168** over four consecutive down days. By June 13, the price had tested the psychologically and technically significant **$140 support level, a key threshold many traders are watching closely.
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Why $140 Is the Make-or-Break Level for Solana
The $140 zone is more than just a round number—it’s a critical support level that could determine Solana’s short-term trajectory. If this floor holds, bulls may regain control and aim for a retest of previous resistance zones. But if it breaks decisively, deeper losses could follow.
Crypto analyst Ali recently emphasized this point in a widely shared X post:
“If Solana (SOL) loses $140 as support, it could open the door for a deeper decline toward $100.”
That potential 30% drop underscores just how vital this moment is for investor sentiment. At the time of writing, SOL was trading around **$146**, up **0.39%** over the past day after briefly dipping below $144. While this slight recovery offers hope, the battle for control remains unresolved.
For the bulls to reclaim momentum, SOL will need to push above key moving averages. The first targets are the 50-day and 200-day simple moving averages (SMA), currently sitting at $160** and **$174, respectively. Clearing these levels would signal renewed strength and potentially attract fresh capital inflows.
ETF Hype Fuels Long-Term Optimism
Despite short-term headwinds, long-term sentiment around Solana remains surprisingly resilient—thanks in large part to growing expectations around crypto exchange-traded funds (ETFs).
According to Bloomberg Intelligence’s senior ETF analyst, Eric Balchunas, the U.S. Securities and Exchange Commission (SEC) could begin approving ETFs tied to broader crypto indices as early as next month. In a note shared on X with fellow analyst James Seyffart, Balchunas stated:
“ETFs tracking broad-based crypto indices could gain SEC approval within the next month.”
This potential shift has sparked what some are calling the coming “Altcoin ETF Summer.” Among all altcoins, Solana stands out as a top contender for inclusion due to its strong developer activity, growing ecosystem, and high-profile institutional interest.
Balchunas further predicted that the SEC might act “early” on filings related to Solana and staking-based ETFs, reinforcing the idea that SOL could lead the next wave of regulated crypto investment products.
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Core Keywords Driving Search Intent
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- Solana price prediction
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- Altcoin ETF 2025
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- Cryptocurrency market trends
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- Solana resistance level
These terms reflect what active traders and investors are searching for—real-time insights into price action, regulatory developments, and strategic entry/exit points.
Frequently Asked Questions (FAQ)
What happens if Solana drops below $140?
A confirmed break below $140 could trigger further selling pressure, potentially pushing Solana toward $120–$100 in the short term. This would likely be driven by algorithmic trading systems and leveraged long positions being liquidated.
Is a Solana ETF possible in 2025?
Yes. With growing momentum behind spot Ethereum ETF approvals and increasing institutional demand, a Solana-based ETF—especially one focused on staking or broad crypto indices—is considered plausible by mid-to-late 2025.
Can Solana recover to $170 in the near term?
Recovery to $170 is possible but depends on sustained buying volume and broader market stabilization. Bulls must first reclaim the 50-day SMA at $160 and maintain momentum above $155.
Why is $100 seen as a potential downside target?
$100 represents a major psychological and technical support level—roughly 30% below current prices. It aligns with long-term trendlines and previous consolidation zones from late 2024.
How does market liquidation affect Solana’s price?
Large-scale liquidations often amplify price swings. The recent $131M in total crypto liquidations increased downward pressure on SOL, especially as leveraged long positions were forcibly closed during the dip.
What factors could drive Solana higher despite current weakness?
Key catalysts include positive ETF developments, increased on-chain activity (e.g., NFT mints, DeFi TVL growth), network upgrades, and macroeconomic shifts like rate cuts that boost risk appetite.
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Final Outlook: Caution Meets Opportunity
Solana sits at a crossroads. On one hand, technical indicators suggest vulnerability—especially if $140 fails to hold. On the other, fundamental momentum from ecosystem growth and potential regulatory breakthroughs offers strong counterbalance.
Traders should monitor volume patterns, on-chain metrics, and macro news closely. A decisive close above $155 could reignite bullish momentum toward $160–$174. Conversely, failure at $140 may open the path to deeper correction.
For long-term holders, volatility like this isn’t necessarily bad—it creates entry opportunities ahead of potential catalysts like ETF approvals or network upgrades.
Ultimately, while the road ahead may be bumpy, Solana’s combination of performance, adoption, and innovation keeps it firmly in the spotlight among top-tier altcoins.
Whether you're watching for a bounce or bracing for a breakdown, one thing is clear: Solana remains a key barometer of altcoin health in 2025.