- SOL plunges 7.09%, marking a 14.33% weekly loss despite a 67.87% spike in trading volume.
- Bearish technical indicators dominate, with RSI at 22.60 and ADX at 39.8.
- Near-term bounce possible, but sustained recovery remains uncertain without key resistance breakouts.
Solana (SOL) is witnessing heavy downside pressure, currently trading at $144.29, down by 7.09% over the past 24 hours. The token has also dropped by 14.33% in the last seven days. This sharp fall has come despite a surge in trading activity, with 24-hour volume climbing to $4.61 billion, a rise of 67.87%, signaling active participation from both buyers and sellers.
Technically, Solana has breached critical support levels, indicating a clear bearish trend. The Average Directional Index (ADX) stands at 39.8, reflecting strong downward momentum. Analysts note that while the Relative Strength Index (RSI) is deep in oversold territory at 22.60, the bearish sentiment remains firmly intact. A negative MACD crossover further confirms the strength of selling pressure. The current price action places Solana at a decisive point, hovering near the psychological support of $150, with no immediate signs of recovery.
Low volatility allows tight risk control
The sharp fall has placed Solana in a technically oversold zone, but the potential for a relief rally exists. Market structure analysis highlights a short-term support level around $146, from which a bounce could occur. However, resistance at $153–$155 is expected to act as a ceiling in any near-term upside move.
The volume ratio of 0.67x suggests weakening buy-side momentum, reducing the probability of a sustained rebound. Risk-managed strategies advise short positions on failed retests of the $154 level, with tight stop losses above $160 to hedge against a sudden reversal. The overall volatility score remains low (2/10), allowing for precise position sizing, though caution is advised given the broader downtrend.
Solana price prediction for 2025
Long-term forecasts regarding Solana are divided. While DigitalCoinPrice is optimistic about its outlook for 2025 and believes that SOL might surpass its previous all-time high of $294.33 and reach levels close to $317.58, Changelly takes a more conservative approach with a projected high of only $160.06 in 2025, thus indicating minimal growth from current prices. The expected ROI is also quite stagnant, at 4.8% to 5.6%.
For the time being, analysts recommend taking precautions. Traders should watch closely how prices move near $146 and $154 and wait for a breakdown or confirmation of a reversal before adding to positions. Until $155 is broken to the upside, market bias remains downward.
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