- madmax
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Solana’s native token SOL rebounded nearly 4% from a support level of $147.13 to above $151, reaching a high of $152.85 on June 7, 2025. This recovery is marked by a bullish double bottom pattern and increased trading volume, suggesting strengthening momentum amid ongoing macroeconomic uncertainties including geopolitical risks, rising government bond yields, and global economic slowdown concerns due to US-China tariff disputes. On-chain activity spiked, with Coin Days Destroyed hitting 3.55 billion, reflecting movement of long-dormant tokens. While SOL faces resistance near $152.85, a breakout could target $155–$157. Despite external pressures, Solana’s network fundamentals remain solid and technical indicators imply a potential trend reversal on the short-term charts.
