In addition to buffering its SOL holdings, SOL Strategies added SUI to its balance sheets and decreased exposure to Bitcoin in Q1 2025.

SOL Strategies reports Q2 net loss of $3.5M while staking, validating revenue surge

Solana (SOL) continues to face resistance at the $160 level, failing to 
reclaim it despite multiple attempts over the past several days. As market 
momentum weakens and volatility rises, investors are growing cautious. Bitcoin 
and Ethereum—typically leading indicators—are also showing signs of 
exhaustion, unable to break past their recent highs. This has triggered 
concerns that a broader market retrace could follow. Related Reading: Ethereum 
Daily Chart Signals Strength Amid Market Uncertainty – Analyst Still, not all 
analysts are turning bearish. Prominent trader Kaleo shared a bullish 
technical outlook, suggesting that Solana remains one of the most promising 
altcoins if the crypto market regains strength. According to Kaleo, if 
momentum returns and the market heats up in the coming months, SOL could rally 
sharply and tag the $300 level—a move that would nearly double its current 
price. However, such a scenario would likely require broader participation and 
renewed appetite for risk across digital assets. For now, SOL trades in a 
tight range, with its short-term outlook hinging on the behavior of Bitcoin 
and Ethereum. If leading assets stabilize and bulls step back in, Solana could 
be primed for a breakout. Otherwise, further downside cannot be ruled out as 
uncertainty weighs on sentiment. Solana Faces Uncertainty But Eyes Explosive 
Breakout Above Multi-Year Resistance Solana (SOL) is currently struggling to 
find strong demand as market conditions cool following an intense rally 
earlier this year. While trading has slowed and bullish momentum appears to be 
fading, optimism persists among long-term investors. Many expect that once 
broader market strength returns, SOL could initiate a powerful move into 
higher supply zones and potentially reach new all-time highs. This cautious 
optimism comes amid growing global tensions. The ongoing tariff conflict 
between the United States and China continues to unsettle financial markets, 
and stress signals in the US bond market are raising alarms about systemic 
risks. Should these macroeconomic pressures intensify, altcoins like Solana 
may face renewed headwinds as investors rotate into safer assets. However, 
despite the current uncertainty, Kaleo maintains a bullish long-term outlook 
for SOL. According to his analysis, once Solana reaches the $300 level—a key 
historical resistance—it could break into price discovery. This would mark the 
end of a multi-year consolidation phase and potentially unleash a parabolic 
rally. Such a breakout would not only validate the strength of Solana’s 
fundamentals and ecosystem but also signal broader confidence returning to the 
altcoin sector. Until then, patience and strategic positioning remain crucial. 
Related Reading: Ethereum Reclaims Pivotal Level – Key Resistance Around 
$2,650 Key Support Holding But Momentum Remains Weak Solana (SOL) is trading 
at $157.46 after bouncing slightly from recent lows around $154, showing 
modest signs of stability. The price is testing the 34-day EMA near $162, 
which has acted as a dynamic resistance in recent sessions. SOL remains 
trapped below its 200-day SMA at $178.88, suggesting the broader trend remains 
under pressure. A reclaim of that level is crucial for bulls to regain 
confidence. Volume remains relatively muted, indicating a lack of strong 
conviction from either side. If SOL manages to push above the $162–$165 range, 
it could open the door for a retest of the $180 resistance zone. However, 
failure to break above the 34-day EMA soon may result in another leg down 
toward the 100-day SMA support near $144. Related Reading: Ethereum Poised For 
A 5-Figure Breakout – Volatility Is Shaking ‘Weak Hands’ The chart shows lower 
highs forming since mid-May, adding pressure to the bullish structure. 
However, the fact that SOL continues to hold above the $150 zone shows that 
buyers are still defending key demand. A decisive break and close above $165 
on strong volume could confirm a short-term reversal. Until then, SOL remains 
range-bound with a neutral-to-bearish bias unless momentum accelerates to the 
upside. Featured image from Dall-E, chart from TradingView

Solana Analyst Sets $300 Target – Can Bulls Sustain A Rally?

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Semler Scientific has acquired an additional 185 BTC for $20 million, 
increasing its total holdings to 4,449 BTC. This strategic investment has 
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President Lee Jae-myung rose from being a child laborer in post-war South 
Korea to becoming a crypto-friendly leader of one of the world’s largest 
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