Solana (SOL) has clawed its way back from early June lows, currently trading at around $156 showing signs of resilience in a jittery crypto market.
With meme coin mania erupting on the Solana chain, institutional buzz around potential ETFs, and upcoming launches like Bybit’s Byreal DEX, investors are wondering: is Solana poised for a breakout to $360, or is $166 the realistic ceiling in the near term?
Solana (SOL) Price Action and Prediction
SOL price source: Brave New Coin Solana market cap data
Over the past week, Solana (SOL) experienced a price slide of around 5%. Currently trading at $151.40, Sol has been rangebound between $142 and $164 for most of June. but has faced significant declines over longer periods, dropping 34% over six months, highlighting considerable selling pressure.
Technical indicators suggest a bearish outlook. The RSI is at 28.89, indicating oversold conditions that could precede a reversal. The 10-day Simple Moving Average of $146 is below the 100-day SMA of $158, signaling downward momentum. A negative MACD at -4.259 and low Stochastic at 19.27 reinforce this negative trend unless market sentiment shifts.
SOL’s nearest support is at $130, approximately 14% below current levels. Continued bearish momentum could test this or the second support at $108, a total decline of about 29%. Conversely, increased buying could target resistance at $175, about 15% above current prices, and potentially $198, suggesting a 30% gain. Traders will watch these levels closely to gauge SOL’s potential direction in the near future.
Ecosystem Expansion Fuels Optimism
Solana’s ecosystem is thriving. Leading exchange Bybit recently announced Byreal, a hybrid DEX launching in Q3 2025. Built on Solana, it combines the liquidity and speed of centralized exchanges with the transparency and decentralization of DeFi. This innovation underscores Solana’s role as a high-performance blockchain suitable for advanced trading architectures.
Another potential driver is the ETF narrative. Asset managers including 21Shares and Bitwise have amended their Solana ETF filings with the U.S. SEC, attempting to address regulatory concerns. While the SEC remains non-committal, approval would unlock significant institutional capital inflows into SOL.
That said, institutional positioning appears mixed. Some large players have scaled back, but retail and whale wallets have been aggressively accumulating, pulling over 4 million SOL tokens off exchanges in recent weeks. This suggests confidence in Solana’s long-term potential, even as short-term volatility persists.
So, Can SOL Hit $360?
The bullish path to $360 hinges on multiple variables aligning:
- A breakout above $178, confirming bullish technical momentum
- ETF approvals or strong progress toward regulatory clarity
- Continued ecosystem growth, especially through real-world utility and DeFi integrations
- A stronger macro environment, particularly Bitcoin holding or increasing in value
Conversely, failure to clear resistance at $166–178 may result in a sideways grind or potential retest of support near $140. In this scenario, $166 becomes more of a ceiling than a launchpad.
What to Expect from XYZVerse?
While Solana battles resistance levels and awaits ETF clarity, XYZVerse ($XYZ) is capturing attention with its explosive potential and clear upward trajectory. Riding the momentum of Solana’s meme coin craze, XYZVerse distinguishes itself as the first all-sport meme coin, combining sports fandom with crypto in a way that’s both engaging and rewarding.
With over $14 million already raised in its presale, the project is nearing its $15 million milestone. The price of the $XYZ token has already been increased from $0.0001 to $0.003333, and its final presale price is set at $0.02.
How to Join XYZVerse Presale
What is XYZVerse?
At its core, XYZVerse is the first meme coin to merge sports culture with crypto. The project’s identity is built around the competitive, high-stakes spirit that drives athletes – translating that energy into crypto engagement and rewards.
XYZVerse is built to last, with a clear roadmap, growing community, and a purpose beyond hype. Its solid tokenomics and a deflationary strategy that prioritizes long-term sustainability. The allocation includes:
- 15% to liquidity, ensuring market stability
- 10% reserved for community rewards, including bonuses and airdrops
- A planned burn of 17.13% of tokens to drive scarcity and increase value over time
This well-balanced structure ensures that XYZVerse is engineered for long-term performance.
Growth Strategy Focused on Mass Appeal
In terms of marketing and adoption, XYZVerse plans to onboard well-known sports figures and athletes to help bridge the gap between mainstream sports audiences and crypto. This strategy aims to expand awareness and attract users who may be new to the blockchain space but are highly engaged with sports culture.
XYZVerse Listing Plans and Price Outlook
With 11 out of 15 stages of the presale funding already complete, XYZVerse is nearing its major launch. The team plans to list $XYZ on both centralized and decentralized exchanges, with a target listing price of $0.10. If it achieves sufficient market traction post-listing, early investors could see significant upside.
Conclusion
Solana remains one of the most technically capable Layer 1 blockchains in the crypto space, but its short-term price action is weighed down by bearish momentum and macro uncertainty. A climb to $360 will require a breakout from current resistance zones, a bullish broader market, and meaningful catalysts such as ETF approvals and ecosystem breakthroughs like Byreal. Until then, $166–$178 may serve as a near-term ceiling unless bulls reclaim momentum.
In contrast, XYZVerse represents the high-risk, high-reward nature of the meme coin market. Its goal of listing its XYZ token at $0,1 sounds quite ambitious, yet achievable on condition that it secures the necessary funding. Exchange listings, influencer traction, and sustained community engagement will be critical for XYZ to rise beyond its presale promise.
You can find more information about XYZVerse (XYZ) here:
https://xyzverse.io/,
https://t.me/xyzverse,
https://x.com/xyz_verse
This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.
Source: https://bravenewcoin.com/sponsored/presale/solana-price-prediction-can-sol-climb-to-360-or-is-166-the-ceiling-what-to-expect-from-xyzverse