Solana Price Forecast: This V-Shaped Recovery May Propel SOL to New Peaks

The significant drop observed over the last week may have sufficiently drained sellers, potentially allowing for a V-shaped recovery that could elevate bullish forecasts for Solana’s price.

The sharp sell-off experienced recently exhibits all the characteristics of capitulation.

Crypto’s tenth-largest liquidation event on record eliminated excess leverage, triggered indiscriminate selling, and caused the altcoin to plummet to cycle lows in a single, swift movement.

Solana $SOL has capitulated to maximum pain by @binance pic.twitter.com/OGyE984i22

— MartyParty (@martypartymusic) February 24, 2025

Such occurrences typically happen near market bottoms, when fear reaches its peak and weaker participants are forcibly removed. Once this process concludes, selling pressure diminishes quickly, often paving the way for sharp V-shaped recoveries.

With forced selling largely absorbed and leverage reset, the market has transitioned from panic to stabilization. This shift often signifies the turning point where downward momentum wanes, and buyers gradually regain control.

If demand continues to follow through from this point, Solana could swiftly move from capitulation to recovery — bringing a new all-time high back into consideration as the broader bull market progresses.

Solana Price Prediction: V-Shaped Rally Sets Up New Highs

There is a technical foundation for capitulation. With this final downward push, Solana has completely retraced the November breakout of its 7-month ascending channel, finalizing the corrective phase.

The downtrend that Solana has been experiencing now seems to be exhausted, with the price aligning with the pattern’s original support around $100, a significant bottom marker over the past two years.

SOL USD 1-day chart – ascending channel exhausts. Source: TradingView.

Momentum indicators confirm this. The RSI has dipped below the 30 oversold threshold, a level that suggests seller exhaustion and a potential shift into a long-term uptrend as buyers re-enter the market.

Although the MACD has plummeted due to the liquidity event, it represents a setback in the previous trend towards a golden cross above the signal line.

With forced selling largely absorbed and leverage reset, any reversal attempt from this point is likely to be abrupt rather than gradual.

From this juncture, the next significant upside targets are the $200 psychological level and Solana’s previous all-time highs near $300 — a possible 240% move from current levels.

Should Solana’s positive fundamentals be re-evaluated as the broader market recovers, a move into new price discovery could ensue.

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The post Solana Price Prediction: Against All Odds, This V-Shaped Rebound Could Launch SOL Toward New Highs appeared first on Cryptonews.