Is Solana Price Set for $200 or Will It Drop to $100?

Highlights

Solana price rejection at $145 signals continued bearish pressure.
The market's performance influences Solana’s potential for recovery or decline.
Solana ETF approval could fuel short-term growth in SOL.

As the crypto market recovers, Solana (SOL) remains under significant bearish pressure following a steep drop over the last month. The price of SOL lost roughly 10% last week, driven by intense market sell-offs. Currently, SOL is trading below the critical $130 support level. With a solid rejection at the $145 resistance, there is ongoing uncertainty among traders about 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.

What's Next After Stiff Rejection of Solana Price at $145? $200 or $100? — Source- Polymarket

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.

Frequently Asked Questions (FAQs)

1. Why was Solana rejected at the $145 resistance level?

The $145 level acted as a significant resistance zone, with the price failing to break above it despite attempts. This rejection indicates strong bearish sentiment, and market participants were hesitant to push the price higher.

2. Can Solana price recover to $200 in the near future?

Solana’s price has the potential to rebound to $200, especially if the broader cryptocurrency market shows signs of recovery. Factors such as Bitcoin's strength, Solana ETFs, and market volume could support a positive price movement.

3. What is the likelihood of Solana’s price hitting $100?

If the broader cryptocurrency market continues to experience a downturn or a strong sell-off, Solana’s price could drop toward the $100 support level. The possibility of hitting this level depends on overall market conditions and investor sentiment.

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Anna

Annah enjoys writing about cryptocurrency and blockchain technology. With More than 5 years of experience. For years she has followed their development and now believes these technologies could potentially revolutionize many industries. She has specialized in technical analysis to help cryptocurrency traders make more informed decisions.

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