Solana (SOL) is currently trading at $147.91, dipping slightly by 0.27%. It’s not a sharp fall, but it adds to the overall uncertainty in the crypto market. The 24-hour trading volume has also taken a hit, down by 28.15% to $2.41 billion. A lack of buying pressure may be behind the reduced trading activity.
SOL has actually seen humble rises in the past week, rising by 0.97%. This see-saw movement by buyers and sellers is keeping it within a specific price-range. Investors are seemingly nervous and are likely waiting for some clarity before placing bigger bets. Some blame this indecision on muddled technical charts.
SOL Eyes 10% Upside From Channel Down Pattern
Crypto analyst CoinCodeCap Trading sees a bullish breakout on the horizon. According to them, SOL is breaking out from a “Channel Down” setup, often a bullish reversal sign. Their target zone ranges between $160 and $167, nearly a 10% upside. However, it comes with a caveat: high risk.
They’ve marked key resistance at $160 and $180. Support rests lower, around $140 to $125. The suggested stop loss is $136, underlining the caution needed. The trend still leans bearish, short, medium, and long term. Traders are watching to see if this potential breakout gains traction or fizzles out quickly.
SOL price prediction for 2025
Beyond current noise, long-term predictions are positive for longer-term perspectives. DigitalCoinPrice predicts SOL will achieve $325.61 by year-end 2025. Before that, they expect it to shatter its old all-time high of $294.33. If the market turns bullish, that’s a solid path forward.
Changelly offers a more conservative view. Their analysis predicts SOL’s 2025 high around $155.14, with a modest average near $156.50. Their July 2025 forecast pegs the average price at $151.75. ROI estimates hover between 4.7% and 5.7%, modest but stable returns for long-term holders.
