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The Solana price dropped 8% in the last 24 hours to trade at $166.59 as of 3:35 a.m. EST on trading volume that surged 76% to $5.27 billion.
The SOL price has seen an even greater drop in the last seven days, going down 20% from $205 to its current value. However, it is worth noting that Solana’s price drop is not isolated. The token followed Bitcoin’s performance, which also saw the world’s largest cryptocurrency drop and trade in the red, both on a daily and weekly chart.
Solana Price Prediction
Solana’s price has followed a certain pattern over the last 24 hours which saw it break multiple support levels one after the other. Its Bollinger Bands would see a widening whenever a new support broke, as the price drop pushed the lower band back down.
However, that doesn’t mean that its price never went up to the upper band during that time. On the contrary, SOL did make several attempts to recover, but the current bearish market kept pushing it further and further down, as Bitcoin sought its own bottom. Right now, SOL itself might be starting to recover after sinking down to $165, as its price seems ready to bounce back up.
Its recent performance can be traced back to the traders’ activity over the last day, which is clearly seen through the project’s Relative Strength Index (RSI). The traders kept pumping the RSI to the neutral value of 50, sometimes even going up to 60, only to then engage in sell-offs which allowed the RSI to drop to the value of 30, 25, 20, and even 10 earlier today.
Right now, the RSI is once again starting to climb, which could lead the SOL price back up. However, the real question is whether this is just another recovery that will be followed by another price drop, or if the buyers are ready to push SOL back up to its former levels.
Promising Alternative To Solana
While Solana struggles, the first-ever Layer-2 SOL project Solaxy (SOLX) is seemingly thriving. The project is still in presale, but its ICO became one of the biggest in 2025, at least so far. The SOLX ICO just hit another milestone by raising over $22 million, and even now, it continues to grow.
Many attribute the ICO’s excellent performance to Solaxy’s goal of resolving the Solana network’s technical issues, particularly when it comes to scalability. While Solana is known for being fast and cheap, its blockchain activity has skyrocketed beyond what it can handle, which resulted in network congestion.
As a result, Solana now regularly experiences transaction failure, and so Solaxy launched as its first-ever Layer-2 scaling solution, not unlike similar projects that have emerged around Ethereum over the years.
Solaxy offers infinite scalability and promises to eliminate transaction failures. Best of all, it will run simultaneously in Solana’s and Ethereum’s ecosystems, acting as a bridge between the two networks. As mentioned, it is currently still in presale, offering its SOLX token for only $0.001638.
However, experts like ClayBro, a crypto YouTuber with over 136k subscribers, believe that this is an extremely low price for the demand that SOLX has seen during its presale. As a result, many experts believe SOLX could see a massive price surge after going live, meaning that buying it early could be a great opportunity for investors looking for a solid alternative to Solana.
Buy SOLX tokens before a presale price hike in 7 hours to lock in the best rate.
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