Solana (SOL) price remains under bearish pressure after dropping sharply over the past month, breaking multiple critical support zones. The layer-one cryptocurrency lost about 10% in value during the previous week amid intense market selling pressure. Currently, SOL is trading below the significant $130 mark. Following a firm rejection at the $145 resistance level, there is uncertainty among traders regarding whether the next major target will be $200 or $100.
Will Solana Price Bounce to $200 or Hit $100?
The Solana price experienced an almost 57% decline from its peak value of $294, which occurred on January 19, 2025. The cryptocurrency shows potential for recovery since its broader market continues to grow positively.
The current value of the worldwide crypto market stands at $2.69 trillion, which represents a small 1.30% rise over the past 24 hours. The increasing market capitalization creates positive signals for Solana’s potential price recovery. The total crypto market volume surpassed $76.09 billion during the last 24 hours because it experienced a significant growth of 35.83%.
An increase in market activity suggests Solana could see price recovery alongside strengthening meme coin performance that is associated with Solana.
The current value for BTC price hovers around $83,000 while stabilizing itself as an essential market-driving force. A further Bitcoin price gain might create a more positive movement for SOL because of this correlation.
The market speculation surrounding Solana ETFs functions as an additional positive factor for the prices. Since the announcement of 2025 Solana ETF approval the market reacted favorably by boosting its value by 8% during the last 24 hours. According to polymarketcap data the upcoming growth rate of Solana token stands at 82% which might initiate a strong price rally.
The price of Solana may fall back to $100 only if the entire market shows further declining trends. The market condition continues to weaken prices down when investors show negative market sentiment. The price trajectory of Solana during the arriving weeks will mostly rely on how the market operates.
SOL Price Analysis
The latest SOL price trends suggest significant levels to monitor as the cryptocurrency experiences ongoing fluctuations. Currently, the SOL price is $126, showing a slight increase of 1.65%the past 24-hours.
The Moving Average Convergence Divergence (MACD) shows a bearish signal as the histogram remains in the red zone. The Relative Strength Index (RSI) is another key indicator, currently standing at 42, which falls below the neutral 50 level, indicating a neutral trend.
If the Solana price prediction manages to break through the $150 resistance, SOL could test these levels: 170, 180, and the next significant level near $200. However, if the downward pressure persists, a drop toward the $120 support could be the next, and if the bear mounts more pressure, the SOL price could decrease to the $100 support level.
The post What’s Next After Stiff Rejection of Solana Price at $145? $200 or $100? appeared first on CoinGape.
