Solana Price Forecast: $80 SOL Appears Concerning – However, Informed Investors Indicate This Could Be the Lowest Point

While short-term speculative traders are stepping back from SOL as it approaches $80, savvy investors seem to be reinforcing optimistic Solana price forecasts.

The altcoin has lost significant ground, breaching the $100 historical support that has defined a solid bottom over the last two years.

The sharp sell-off witnessed in the past week exhibits all the characteristics of capitulation. The tenth-largest liquidation event in crypto eliminated excess leverage, triggered indiscriminate selling, and briefly pushed SOL down to $67 in a rapid movement.

Currently, it seems to be stabilizing around a demand zone at $80. Although this level does not have the same historical support as $100, informed investors may have already expressed their confidence in it.

SOL USD 1-day chart – $100 gives way to a fresh $80 floor. Source: TradingView.

Since December, investors have been accumulating alongside the decline, adding approximately 5 million SOL valued at $455 million. It continues to be perceived as a buy-the-dip opportunity.

This accumulation is noteworthy as the Market Value to Realized Value (MVRV) ratio stands at 0.65, a near two-and-a-half-year low that places SOL firmly in undervalued territory.

Solana Market Value to Realised Value Ratio (MVRV). Source: Glassnode.

An MVRV below 1 indicates that most holders are experiencing losses. Selling now would result in realizing substantial losses, making HODLing more probable.

Doubling down and accumulating under these circumstances is a clear indication of conviction and could signal a potential bottom.

Solana Price Prediction: Is Smart Money Onto Something?

There is a solid technical foundation for a bottom, with the recent downturn fully revealing the breakdown of a two-year bearish head-and-shoulders pattern.

Moreover, momentum indicators are displaying historical signs of seller exhaustion.

The last time the weekly RSI hit the 30 oversold threshold, it marked the respective lows of the previous cycle and the shift into its most bullish phase.

Although the liquidation event has set the MACD back, previous months show a clear compression towards a golden cross above the signal line.

Bullish pressure has been accumulating for some time, and $80 serves as a launchpad for it to release.

A rebound would initially target the $105 neckline of the pattern, which is 30% above current levels; reclaiming this level as a firmer and higher base could support a more sustained upward movement.

As market sentiment improves and focus shifts back to fundamentals, the move could credibly extend towards all-time highs around $300, representing a 270% gain.

Maxi Doge: A Hedge Against Short-Term Volatility

Established altcoins like Solana are a safer bet, but broader market capitulation presents a unique chance to position ahead of the next higher-beta plays.

One pattern has consistently persisted across cycles: capital eventually concentrates around a single Doge-themed token.

The rotation is familiar. Dogecoin led the way, followed by Shiba Inu in 2021, then Floki, Bonk, Dogwifhat, and Neiro. Each bull run ultimately crowns a new Doge-inspired leader.

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The momentum is already evident. The $MAXI presale has raised nearly $4.6 million, while early supporters are earning up to 68% APY through staking rewards.

For traders who missed previous Doge-led surges, Maxi Doge could provide another early entry before the bull run commences.

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