Solana is trading at $154.00, down 1.29% in the last 24 hours, with a volume of $2.2 billion. This drop comes after a $161 million whale transfer and $323 million in net realized losses, indicating pressure from large holders. Whale Alert reported a transfer of nearly 1 million SOL tokens, indicating cautious sentiment amid ongoing macro volatility.
On-chain data confirms the trend: SOL broke below critical support, including the 34-day EMA at $163.20. Volume has spiked, and selling is intense. However, SOL is still in a key support zone between $150 and $156, supported by the 50-day and 100-day moving averages.
— Whale Alert (@whale_alert) May 30, 2025
- Whale transfer: $161 million SOL moved
- Realized losses: $323 million at the $156 level
- Critical support: $150-$156, major moving averages
$SOL looking shaky rn net realized PnL just flipped red for the first time in nearly 2 months
$323M in losses at $156
Sellers are starting to fold just like before that Feb-March dump
Not calling full capitulation yet but this setup feels way too familiar imo pic.twitter.com/kQEiLNL0Yb— Trade Byte (@Official3Byte) May 31, 2025
Chainlink CCIP and Solana App Kit Bring Optimism
Despite the sell-off, Solana’s fundamentals are strong. The chain has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP), the first time Chainlink has deployed outside of the Ethereum Virtual Machine (EVM). This is a significant development for Solana’s cross-chain DeFi capabilities, as DeFi activity surges.
Over $19 billion in value is now in play.@xswap_link has done what no one else has, it operationalized @solana with @chainlink’s CCIP,
By forging a direct corridor between one of the fastest chains
In crypto and the most trusted interoperability protocol on the planet.… pic.twitter.com/SRcm0sqitM— Pinnacle Crypt ₿ (Enchanter-arc)
(@PinnacleCrypt) May 31, 2025
And the Solana App Kit—a React Native toolkit—makes mobile dApp development a breeze. With support for over 18 protocols, this kit enables developers to build mobile apps on Solana’s fast blockchain in minutes, thereby boosting adoption in wallets, NFT platforms, and DeFi markets.
Solana launches its Mobile App Kit to streamline blockchain app development on iOS and Android.
Includes 18+ protocol integrations for wallets, NFTs, trading & more
Built with "Send" to enable rapid mobile app deployment on Solana pic.twitter.com/GE9oX1gSwZ— Selena Hart (@selenahart_) June 1, 2025
- Chainlink CCIP: Cross-chain DeFi potential
- Solana App Kit: Mobile dApp development for 18+ protocols
- Ecosystem growth: Solana is ready for wider adoption
Technical Outlook: Solana at $154 in a Key Zone
The Solana price prediction remains bearish, given the downward channel that limits SOL’s upward movement. On the 2-hour chart, Solana’s price is stuck in a descending channel, characterized by lower highs and lows, indicating clear selling pressure.
The 50-period EMA at $160.79, once support, is now resistance. The MACD is bearish, MACD line below signal line and red histogram bars.
Price is approaching the $150.66 support zone, the lower boundary of the channel. If a bullish reversal candle, such as a Hammer or Bullish Engulfing, forms here with MACD convergence, we could see a move to $158.33 or $160.79. But a clean break below $150.66 could take SOL to $142.14 or $134.01.
Key Technical Levels:
- Support: $150.66, $142.14, $134.01
- Resistance: $158.33, $160.79, $165.59
For traders, wait for confirmation—rising volume and a bullish candle—before going long. Without that, SOL is bearish, but a textbook rebound at $150 could be a good entry.
BTC Bull Token Presale Approaches $7.67M Mark as 62% APY Staking Draws Interest
With SOL/USD dipping below $160, attention is shifting to altcoins like BTC Bull Token ($BTCBULL). So far, $6.38 million has been raised, with the next price jump approaching quickly.
Bitcoin Rewards and Supply Reductions
BTC Bull Token operates with a built-in system: the higher BTC’s price, the more BTC airdrops are distributed to token holders. Notably, presale participants receive priority. The system also features:
- Token burns every $ 50,000 BTC increase, reducing the supply.
- The current token price is at $0.00254 before the next bump.
This approach aligns token value with BTC/USD’s price moves while maintaining scarcity through programmed burns.
Staking Terms for Passive Returns – BTCBULL’s staking pool holds 1.62 billion tokens offering 65% APY, with:
- No lockup periods or fees.
- Full access to funds at any time.
This structure appeals to investors seeking yield without complex requirements or the risk of illiquidity.
Momentum Before the Cap Fills
With just over $1 million remaining in the presale, buyers are positioning early. The token’s mechanics of BTC-tied rewards, supply adjustments, and staking options are driving participation.
Key figures:
- USDT raised: $6,632,712/ $7,676,876
- Token price: $0.00254
BTCBULL offers a whopping ~62% APY on its Ethereum-based staking pool (currently holding 1.61B BTCBULL), with no lockups or withdrawal fees. That means passive yield, with full liquidity.
The post Solana Price Prediction: With SOL at $154.00 and Pressure Building, Is a Breakout Past Key Resistance Levels on the Horizon? appeared first on Cryptonews.
