Solana Price Prediction: As SOL Slips 1%, This New Layer-2 Token Presale Smashes Past $31 Million

The Solana price slipped over 1% in the last 24 hours to trade at $138.93 as of 9:38 p.m. EST as some investors decrease their exposure to the altcoin.

Despite the recent correction, the SOL price is still up 8% on the longer-term weekly time frame.

Solana Price Enters Consolidation

4-hour chart for SOL/USD (Source: GeckoTerminal)

The Solana price has been in a consolidation pattern between $133.29 and $147.41 in the last couple of days, data from GeckoTerminal shows. This period of sideways trading could be the build up to a major move in the next few days.

Should the Solana price start to climb, it might try to flip the $147.41 barrier into support. Thereafter, continued pressure from buyers could result in a continued ascent for the altcoin.

However, a drop below the $133.29 mark, which is currently the closest support, might invalidate the bullish thesis. In this alternative scenario, the Solana price might be at risk of plunging to the next key support at $118.63. In an extremely bearish scenario, SOL could even drop to as low as $107.34.

Bulls Might Push The Solana Price Up In The Next Few Hours

From a technical standpoint, indicators on SOL’s 4-hour chart suggest the Solana price might rise in the next few hours, with both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) showing early bullish signs.

In the last couple of hours, the MACD line has started to rise towards the MACD Signal line. Should the gap between the two technical indicators continue to shrink, it might result in a bullish crossover. This technical event could then signal that the Solana price has entered a positive short-term trend, which traders might react positively to.

There has also been an increase in buying power over the past few hours, as suggested by the rise in RSI values. With the current reading above the neutral 50 mark, buyers appear to be stronger than sellers on the 4-hour time frame. What’s more, the positive slope of the RSI line suggests bulls are still accumulating strength against their bearish counterparts.

As technical indicators for the Solana price show bullish signs, investors are piling into the presale for new layer-2 SOL token Solaxy (SOLX). 

Influential YouTube channel 99Bitcoins, which has over 725K subscribers, says SOLX has the potential to soar 100X after launch.

Solana About To Get Its Own Layer-2

Solana was launched as a much cheaper and faster alternative to Ethereum. 

While it has delivered high speeds while keeping costs low for users for the majority of the time after its launch, the recent SOL meme coin hype has resulted in high levels of congestion on the Solana blockchain. This has led to delayed, and sometimes even failed, transactions. It has also resulted in the occasional spike in transaction fees during peak traffic periods.

Solaxy will return Solana to its former glory by introducing the first SOL-centric layer-2 scaling solution. Similar to how Arbitrum and Optimism operate in the Ethereum ecosystem, Solaxy will bundle SOL transactions off of the main network before submitting them to the layer-1 for final validation. This approach will lead to higher overall transaction efficiency on Solana.

In addition to bringing the first layer-2 solution to Solana, Solaxy will also bridge the popular blockchain with the Ethereum network, combining Solana’s high speeds and low fees with Ethereum’s robust security framework and thriving DeFi ecosystem.

🛸 New Solaxy Dev Update! 🛸

We've got some exciting news—Solaxy Block Explorer will officially be released on April 19th!

◉ Data Availability

• Further analysis confirms we can sustain 140KB/s with optimal configurations on Solana mainnet.
• This enables faster data… pic.twitter.com/l9sJM9hLya

— SOLAXY (@SOLAXYTOKEN) April 15, 2025

Solaxy recently launched its testnet block explorer. The team behind the project also shared that they can sustain 140KB/s with optimal configuration on the Solana mainnet, which enables faster data storage and an enhanced user experience. 

Solaxy’s team is currently aiming for 10,000 transactions per second (TPS) as well, which if achieved, will rank it among the blockchain elites.

Solaxy Presale Smashes Past $31 Million

Solaxy is on track to post one the best presale performances of the year, with its ICO recently smashing past the $31 million milestone. 

Interested inventors can get in on this ground level by acquiring SOLX for $0.001702 apiece through the simple buy widget embedded on the project’s website. The token can be bought with both crypto or bank card, and can also be locked up in the presale staking program for an impressive 130% APY.

Buyers that want to secure the best deal will want to act fast, because SOLX’s price will increase as its presale progresses. The next price hike is scheduled for around 38 hours.

Visit the Solaxy website.

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