Solana ($SOL) Crypto Forecast: Down 8.6% Today

What is Solana?

Solana (SOL) is a popular cryptocurrency token known for its high-speed transactions and decentralized applications. The broader cryptocurrency market has been experiencing volatility recently, with various tokens like Bitcoin (BTC) and Ethereum (ETH) also seeing fluctuations in their prices.

Why is Solana going down?

SOL crypto is down 8.6% on Jun 13, 2025 7:36

• Despite plans to raise $5 billion to boost SOL treasury, Solana (SOL) dipped 10% today. This could be due to profit-taking by investors or a broader market correction.
• The overall crypto market plunge, including the decline in Bitcoin (BTC) and Ethereum (ETH), might have contributed to SOL's bearish movement as investors tend to react to market trends collectively.
• The news about the SEC asking issuers to resubmit Solana ETF S-1 filings could have initially boosted SOL's price earlier in the week, but the effect seems to have worn off, leading to the bearish movement today.
• The sharp pullback in top altcoins, including Solana (SOL), on Wednesday might have set a negative sentiment in the market, further impacting SOL's price today.

SOL Price Chart

SOL Technical Analysis

SOL News

Crypto market plunges, but expert suggests end of quantitative tightening and rising M2 supply could spur recovery

Bitcoin (BTC) and the broader crypto market declines in the early European session on Friday, with the top crypto by market capitalization sliding 3.2% in the last 24 hours, alongside Ethereum (ETH) and Solana (SOL), which dips 9% and 10%, respectively.

https://www.fxstreet.com/cryptocurrencies/news/crypto-market-plunges-but-expert-suggests-end-of-quantitative-tightening-and-rising-m2-supply-could-spur-recovery-202506130635

Solana dips 10% despite DeFi Development Corp's plan to raise $5 billion to boost SOL treasury

Solana (SOL) is down 10% on Thursday after DeFi Development Corporation (DFDV) announced an equity line of credit agreement with RK Capital Management to raise $5 billion in sales of its shares to stack additional SOL.

https://www.fxstreet.com/cryptocurrencies/news/solana-dips-10-despite-defi-development-corps-plan-to-raise-5-billion-to-boost-sol-treasury-202506130250

Top Crypto Movers: KAIA, ENS, CRV - Altcoins plummet ahead of GENIUS Act, Kaia stands out

The cryptocurrency market experienced a sharp pullback on Wednesday, with Bitcoin (BTC) closing below $109,000. Top altcoins, including Ethereum (ETH), Ripple’s XRP (XRP), Solana (SOL), and Dogecoin (DOGE), have recorded a nearly 2% drop.

https://www.fxstreet.com/cryptocurrencies/news/top-crypto-movers-kaia-ens-crv-altcoins-plummet-ahead-of-genius-act-kaia-stands-out-202506120515

SOL jumps as SEC asks issuers to resubmit Solana ETF S-1 filings: Blockworks

Solana (SOL) rose 3% on Tuesday following reports that the Securities & Exchange Commission (SEC) asked firms to resubmit their Solana exchange-traded funds (ETF) S-1 filings within the upcoming week, according to Blockworks.

https://www.fxstreet.com/cryptocurrencies/news/sol-jumps-as-sec-asks-issuers-to-resubmit-solana-etf-s-1-filings-blockworks-202506110010

Top Crypto Gainers: Meme coins FARTCOIN, WIF lead while Kaia surges with Won-pegged stablecoin pledge

Solana-based meme coins Fartcoin (FARTCOIN) and Dogwifhat (WIF) emerge as top gainers, posting double-digit price increases in the last 24 hours due to Monday's bright performance in the overall crypto market.

https://www.fxstreet.com/cryptocurrencies/news/top-crypto-gainers-meme-coins-fartcoin-wif-lead-while-kaia-surges-with-won-pegged-stablecoin-pledge-202506100800

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Solana Price History

30.04.2025 - SOL Crypto was down 5.4%

• SOL declined nearly 7.008% this week, potentially influenced by geopolitical factors leading to a surge in market volatility.
• Institutional interest in Solana's ecosystem and liquid staking is growing, hinting at a positive long-term outlook for the token.
• The delay in approving the SOL spot Exchange Traded Fund (ETF) may have contributed to market uncertainty and the downward pressure on SOL's price.
• The overall crypto market sentiment, possibly impacted by regulatory decisions, could also have influenced SOL's recent bearish movement.

30.04.2025 - SOL Crypto was down 5.4%

• The bearish movement in SOL today could be attributed to the overall volatility in the crypto market, triggered by the reinstatement of US President Donald Trump's tariffs.
• Despite the growing interest in Solana's ecosystem and the launch of new protocols like the cross-chain lending protocol by Liquidium, the broader market conditions seem to have overshadowed the positive developments.
• The interest in the meme coin sector on Solana may have also contributed to the bearish sentiment, as speculative investments in meme coins can sometimes lead to market fluctuations.
• Investors might be reevaluating their positions in SOL amidst the market uncertainty, leading to the downward pressure on the token's price.

11.05.2025 - SOL Crypto was up 5.2%

• SOL experienced a 3% increase in value as the SEC requested firms to resubmit their Solana ETF S-1 filings, hinting at regulatory interest in the token.
• The bullish performance of meme coins Fartcoin (FARTCOIN) and Dogwifhat (WIF) contributed to SOL's upward trend, lifting overall market sentiment with double-digit price gains.
• Despite encountering selling pressure and testing support levels, SOL demonstrated resilience and a recovery pattern amid positive market outlook and upcoming US-China trade discussions.
• The potential Coinbase listing of Fartcoin added to the positive investor sentiment around Solana-based tokens, reflecting interest in innovative projects within the ecosystem.

03.05.2025 - SOL Crypto was up 5.1%

• The signing of the MOU between Solana Foundation and Dubai’s Virtual Assets Regulatory Authority likely boosted investor confidence in SOL, leading to a bullish movement.
• The growing popularity of Solana-based meme coins and the expansion of the ecosystem's liquid staking could have also contributed to the positive market sentiment.
• Despite facing some volatility earlier in the week due to external factors like US President Donald Trump's tariffs, SOL managed to maintain its bullish momentum.
• The launch of a cross-chain lending protocol involving Solana by Crypto P2P Lender Liquidium showcases increasing adoption and utility of SOL, further supporting its upward price movement.

13.05.2025 - SOL Crypto was down 8.6%

• Despite plans to raise $5 billion to boost SOL treasury, Solana (SOL) dipped 10% today. This could be due to profit-taking by investors or a broader market correction.
• The overall crypto market plunge, including the decline in Bitcoin (BTC) and Ethereum (ETH), might have contributed to SOL's bearish movement as investors tend to react to market trends collectively.
• The news about the SEC asking issuers to resubmit Solana ETF S-1 filings could have initially boosted SOL's price earlier in the week, but the effect seems to have worn off, leading to the bearish movement today.
• The sharp pullback in top altcoins, including Solana (SOL), on Wednesday might have set a negative sentiment in the market, further impacting SOL's price today.

13.05.2025 - SOL Crypto was down 9.9%

• Despite DeFi Development Corporation's plan to raise $5 billion to boost SOL treasury, Solana experienced a 10% dip, indicating that the market sentiment was not positively impacted by the news.
• The sharp pullback in the cryptocurrency market, including Solana, could be attributed to the overall market correction, with Bitcoin closing below $109,000 and top altcoins recording a nearly 2% drop.
• The SEC's request for issuers to resubmit Solana ETF S-1 filings might have initially boosted SOL by 3% on Tuesday, but the positive momentum was not sustained, leading to the bearish movement.
• While meme coins like Fartcoin and Dogwifhat surged, Solana's performance was lackluster, suggesting that the market focus was more on speculative assets rather than established cryptocurrencies like SOL.

06.05.2025 - SOL Crypto was up 5.0%

• SOL saw a significant increase in value today despite a general market downturn.
• The positive movement may be linked to recent developments with Fartcoin and its possible listing on Coinbase, generating optimism for Solana and related projects.
• Another contributing factor to this upward trend could be Pump.fun's plans to hold a $1 billion token sale, reflecting ongoing interest and investment in the Solana ecosystem.
• Despite market conditions leaning towards a bearish trend, SOL managed to stay above the $140 support level, showcasing resilience and potential strength amidst selling pressure.

06.05.2025 - SOL Crypto was down 5.3%

• SOL experienced a strong bearish movement today, likely influenced by the overall negative sentiment in the cryptocurrency market.
• The clash between influential figures contributed to a risk-off sentiment, impacting not only Bitcoin and Ethereum but also altcoins like SOL.
• Despite positive quarterly returns from another cryptocurrency and the news of a significant token sale, SOL was unable to resist the broader market trend.
• The signing of a Memorandum of Understanding (MOU) between the Solana Foundation and Dubai’s Virtual Assets Regulatory Authority may have provided some support to SOL's price, but it was not enough to counter the bearish market movement.

05.05.2025 - SOL Crypto was down 5.4%

• SOL experienced a strong bearish movement today, dropping significantly in value.
• The plan for Pump.fun to raise $1 billion from a token launch at a high valuation could have raised concerns about potential dilution and oversupply in the market, leading to a sell-off in SOL.
• Additionally, the overall decline in the cryptocurrency market due to increased volatility from geopolitical factors, such as the reinstatement of US President Donald Trump's tariffs, likely contributed to SOL's bearish movement.
• Despite the positive news of Fartcoin's price holding at $1.00 and the Solana Foundation signing an MOU with Dubai's regulatory authority, the broader market conditions and specific news regarding Pump.fun and geopolitical events overshadowed any positive sentiment for SOL today.

12.05.2025 - SOL Crypto was down 5.1%

• Despite positive developments regarding SEC requesting firms to resubmit their Solana ETF S-1 filings, SOL faced a significant bearish movement, possibly influenced by broader market trends.
• The rise in meme coins like Fartcoin (FARTCOIN) and Dogwifhat (WIF) may have drawn attention and investment away from SOL, contributing to its decline.
• The general market pullback, including Bitcoin closing below $109,000, created a risk-off sentiment among investors, leading to SOL's price drop.
• The potential listing of Fartcoin on Coinbase and its detachment from the broader market downturn indicates that specific meme coin-related factors might have impacted SOL's performance today.

10.05.2025 - SOL Crypto was up 5.1%

• SOL experienced a strong bullish movement today amidst a positive trend in the overall crypto market.
• The surge in SOL's price can be attributed to the overall bullish performance of meme coins like Fartcoin (FARTCOIN) and Dogwifhat (WIF), which also saw significant gains.
• Additionally, the rising optimism in the crypto market, fueled by the anticipation of the second round of US-China trade talks, likely contributed to the upward momentum of SOL.
• Despite potential selling pressure and a bearish week close for some cryptocurrencies like Bitcoin and Ethereum due to external factors such as the clash between Elon Musk and Donald Trump, SOL managed to stand out with its impressive bullish movement.

09.05.2025 - SOL Crypto was up 5.4%

• SOL experienced a significant uptrend today, rising over 1.50% as investor sentiment in the crypto market improved.
• Despite nearing a potential second consecutive bearish week close, SOL showcased strength by avoiding a drop to the $140 support level and displaying positive price action.
• While major cryptocurrencies like Bitcoin, Ethereum, and XRP faced losses due to broader market volatility influenced by public statements from Elon Musk and Donald Trump, SOL managed to detach from this trend and continue its upward trajectory.
• The positive sentiment within the Solana ecosystem was bolstered by the potential listing of Fartcoin (FARTCOIN) on Coinbase, strong quarterly returns, and SOL's own bullish momentum.