Solana Price Forecast: Selling Activity Increases by 800% — Is SOL on Track for a Significant Decline to $65?

Solana’s price has exhibited an unusual sense of stability recently. When examining the past 30 days, SOL has only decreased by approximately 1.4%.

However, taking a broader view reveals a different narrative.

Solana remains down over 30% year-to-date, and each rebound since January has subtly transitioned into lower highs. Now, a more profound signal is beginning to emerge beneath the surface.

One of the most monitored derivatives indicators, the funding rate, has reverted to negative territory for an extended duration. When the funding remains negative, it indicates that short sellers are prevailing in the market and compensating long traders for maintaining their positions.

Source: Coinglass

This trend has been observed previously.

From February 2022 to February 2023, Solana underwent its longest streak of negative funding rates. During this period, SOL plummeted to a cycle low near $7. Yet, towards the end of that timeframe, even with the funding remaining negative, the price began to recover quietly.

This was followed by a significant rally that ultimately propelled Solana from $7 to $209.

A similar pattern has begun to form again since late October 2025, currently persisting for about 21 weeks. At first glance, this may appear to be a repetition of the previous setup.

However, there is one crucial distinction.

The current market’s leverage is minimal. Open interest in SOL derivatives markets has diminished from approximately $7.58 billion in September 2025 to around $1.9 billion today. In the absence of substantial leverage, the necessary fuel to instigate a dramatic short squeeze is simply lacking.

Meanwhile, on-chain data is signaling another caution.

Exchange net position change indicates a consistent influx of tokens onto exchanges since February. Daily inflows have surged from about 245,691 SOL to over 2.2 million SOL within a month, marking an increase of roughly 800%.

Source: Glassnode

When coins are transferred to exchanges, they are typically being prepared for sale. Coupled with the chart structure, the situation becomes more apparent.

Solana Price Prediction: Is SOL Heading for a Severe Drop to $65?

SOL has been gradually rising within an ascending channel since early February. At first glance, this pattern appears bullish.

However, the channel formed immediately following a sharp decline from around $148 to $68, indicating it may merely be a corrective movement within a broader downtrend.

It represents a slow ascent amidst ongoing weakness. Until selling pressure diminishes and exchange flows reverse, the market may still need to seek a deeper bottom.

On the downside, the initial key support is around $80, followed by a stronger zone near $75. If these levels begin to weaken, the chart suggests the market could slide toward the $65 area.

Nonetheless, the chart structure would change significantly if SOL decisively breaks above $92. A breakout at that level would invalidate the sequence of lower highs and potentially pave the way for a more robust recovery toward the $106 and $120 regions.

Maxi Doge Targets Early Mover Upside as Solana Tests Key Levels

While Solana is focused on maintaining the $80 level and avoiding a potential drop toward $59, many traders seeking greater upside are reallocating their investments into riskier ventures.

Large-cap assets like SOL can be reliable over time, but due to their already substantial market caps, they seldom provide the extraordinary 100x-style gains that many pursue in crypto.

This quest for higher multiples is beginning to attract attention to Maxi Doge ($MAXI), a new ERC-20 meme contender centered around a high-energy trading culture.

The overall atmosphere embraces that “1000x leverage” mentality. Early indicators show that interest is growing, with the presale already raising exactly $4.6M to date.

Maxi Doge combines viral gym-bro style marketing such as “never skip leg day, never skip a pump” with holder-only trading competitions and a dynamic staking system designed to keep the community engaged.

Currently priced at $0.0002808, $MAXI positions itself as the “Leverage King” and aims to outperform established memes by incentivizing active holding through its Treasury fund.

For those hedging against Solana’s short-term volatility, this early-entry opportunity presents a distinct risk-reward profile compared to established altcoins.

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