Join Our Telegram channel to stay up to date on breaking news coverage
The Solana price prediction reveals that SOL is showing bullish momentum as it trades above both moving averages and nears the upper boundary of its descending channel, suggesting a potential breakout if upward pressure continues.
Solana Prediction Data:
- Solana price now – $144.94
- Solana market cap – $74.33 billion
- Solana circulating supply – 517.19 million
- Solana total supply – 599.02 million
- Solana Coinmarketcap ranking – #6
Getting in early on a crypto project often proves to be a game-changer, and Solana (SOL) is a prime example of this. Since its all-time low of just $0.5052 recorded on May 11, 2020, SOL has surged by an astonishing 28,348.44%, showcasing the incredible potential of early investment. While the token is currently trading well below its all-time high of $294.33 reached in January 2025, its recent 24-hour movement between a low of $135.38 and a high of $146.44 highlights ongoing volatility and investor interest.
SOL/USD Market
Key Levels:
Resistance levels: $200.0, $210.0, $220.0
Support levels: $90.0, $80.0, $70.0
The Solana price prediction may lack short-term strength, but recent price action suggests a potential breakout is forming. The SOL/USD market is currently showing bullish signs, trading around $144.94, which places the coin comfortably above both the 9-day and 21-day moving averages. This crossover, with the shorter-term MA positioned above the longer-term MA, signals growing buying momentum. Meanwhile, the price is hovering just below the upper boundary of the descending channel, indicating that an upward move could soon test this resistance zone.
Solana Price Prediction: SOL Poised for Breakout
If bullish pressure persists and the price breaks convincingly above the channel resistance, SOL could enter a fresh bullish phase. In this scenario, immediate resistance lies at $150.00, with further upside potential toward $200.00, $210.00, and $220.00 as the next key resistance levels. The volume also shows increased activity, hinting at growing market interest. This momentum, combined with the moving average crossover, strengthens the case for a continuation of the upward trend if buyers maintain control.
Critical Solana Levels | Solana (SOL) Price Prediction & News 2025
However, if the bullish breakout fails and SOL faces rejection at the upper boundary, a short-term pullback may occur. In that case, traders should monitor key support levels at $120.00, $110.00, and $90.00. A drop below the $134.74 low would invalidate the current bullish setup and potentially extend the downward trend. As long as the price holds above the moving averages, however, the outlook remains optimistic for an upside move beyond the descending channel.
SOL/BTC Eyes Breakout as Bulls Test Descending Channel Resistance
Based on the daily chart of SOL/BTC, the market is currently testing the upper boundary of a descending channel that has been in place since early 2025. The recent price movement shows that SOL is attempting to break above the 21-day and 9-day Moving Averages, which are converging – a sign that buyers are gaining some momentum. Currently priced around 1592 SAT, the coin has shown a bullish reaction after rebounding from lower levels in the channel. However, despite the recent gains, the price is still facing strong resistance from the upper trendline of the channel, which has consistently rejected upward moves in the past.
Nevertheless, if the bulls can successfully close the daily candle above this resistance level and sustain buying pressure, SOL/BTC could initiate a short-term trend reversal. A confirmed breakout might see the pair target the next key resistance, which would open the door for further gains. On the flip side, failure to maintain this upward push around 1592 SAT could result in a pullback toward the 21-day or 9-day MA, possibly resuming the previous downtrend. The moderate volume seen in recent sessions supports the cautious optimism, but stronger bullish volume is required for a convincing breakout. For now, the market sentiment appears neutral to slightly bullish, hinging on the price’s ability to break and hold above the descending channel.
Moreover, @TheEliteCrypto recently shared with his 75k+ followers on X (formerly Twitter) that $SOL appears to be forming a rounded bottom pattern—a classic signal of a bullish reversal that typically marks the transition from a downtrend to a long-term uptrend. Following a steep drop from its peak near $300, $SOL has seemingly established strong support around the $100 area and is now beginning to rise steadily with growing momentum. Should this structure persist, a breakout above the $175 level could confirm the trend reversal, potentially paving the way for a return to previous highs, as the accumulation phase seems to be drawing to a close.
$SOL appears to be forming a rounded bottom pattern, this generally means a classic bullish reversal pattern, often indicating the end of a downtrend and the start of a long term uptrend
After the sharp correction from its highs near $300, $SOL seems to have found strong support… pic.twitter.com/qW4S7sML8F
— Elite Crypto (@TheEliteCrypto) April 22, 2025
Alternatives to Solana
Solana (SOL) is gaining bullish momentum as it trades above both the 9-day and 21-day moving averages, with the shorter-term MA crossing above the longer-term one—a classic signal of increasing buying pressure. Positioned near the upper boundary of a descending channel, SOL is signaling a potential breakout if the current trend holds, especially with rising trading volume reinforcing the bullish outlook. As the market gears up for possible further gains, investor attention is turning toward platforms like Best Wallet, where Solana is readily available. Best Wallet stands out from older solutions like Trust Wallet and MetaMask by offering a more intuitive user experience and access to early-stage crypto projects via its integrated launchpad. With over $11.7 million already raised in its presale, Best Wallet is quickly becoming a preferred hub for discovering and investing in promising tokens like SOL.
Best Wallet Is The Best Crypto Wallet and Hottest Crypto Launchpad of 2025
With Best Wallet rapidly establishing itself as a game-changing platform in the crypto space, now is the perfect time for investors to consider getting in early by purchasing the Best Wallet token. Not only does the wallet offer a sleek, user-friendly interface for storing and managing crypto, but it also gives holders exclusive access to early-stage token launches through its built-in launchpad – something not available on traditional wallets. By investing in the Best Wallet token, you’re not just buying into a product; you’re becoming part of a growing ecosystem that’s already raised over $11.7 million in presale funding. As the platform expands and gains traction, early supporters stand to benefit the most, both in utility and potential returns.
Related News
- Solana Price Prediction: SOL Soars 5% In A Week As This Layer-2 Token Presale Closes On $31M – Best Crypto To Buy Now?
- Aergo Price Prediction: AERGO Surges 24% As The Best Wallet Presale Charges Towards $12 Million
Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
