Solana Price Prediction – Cryptocurrency Expert Anticipates Potential Decline of SOL by Next Spring

The value of Solana has decreased by 8% in the last 24 hours, falling to $131 as the cryptocurrency market experiences another significant selloff today.

Although SOL has seen a slight recovery in the past hour, its losses over the past few weeks have been considerable, with a decline of 25% in one week and 44% in a month.

Today’s latest drop has triggered a wave of pessimism in the market, with one analyst – known by their X handle JACKIS – now forecasting that the Solana price will fall to $100 before it fully recovers.

Considering the current sentiment and direction of the market, such a decline is entirely plausible in the near term, but Solana’s fundamentals should enable the coin to recover significantly in the long run.

Solana Price Prediction – Crypto Expert Anticipates How Low SOL Will Drop by Next Spring

Solana’s chart today indicates that the altcoin is approaching a potential bottom, with its indicators strongly suggesting a rebound is imminent.

Perhaps the most notable feature is that its 30-day average (orange) has formed a ‘death cross’ with the 200-day average (blue), signaling a major selloff.

Source: TradingView

Currently, this selloff appears to be occurring, with SOL’s relative strength index (purple) dropping below 30 today.

Previous bottoms have typically led to rallies, as observed in mid-December and mid-January.

However, some analysts seem to believe that the Solana price will not recover immediately, and that we may need to endure several more days or even weeks of losses.

This perspective is shared by online trader JACKIS, who predicted yesterday that SOL will decline to $100 before it experiences a substantial recovery.

In fact, some traders are even more pessimistic, with TylerBueno noting that it could mirror the decline seen in 2022/23, when it fell from $250 to $8.

The next time someone claims $SOL can’t reach a lower price target, show them this chart: last cycle, the price dropped from $250 to $8 over 420 days from market peak to bear market low. pic.twitter.com/YlDhhOdOjc

— TylerBueno (@TheTylerBueno) February 26, 2025

Nonetheless, not everyone is convinced that further declines are imminent, with Real Vision CEO Raoul Pal highlighting yesterday how various indicators suggest SOL is significantly oversold.

SOL is 2 standard deviations oversold on the log regression channel, with the lowest RSI since the 2022 lows. The likelihood is heavily in favor of considerably higher prices in the next month.
I have zero cash to add but this is the sweet spot around here pic.twitter.com/Pfy4tbkdYu

— Raoul Pal (@RaoulGMI) February 27, 2025

While Pal may be optimistic regarding the near term, Solana’s fundamentals certainly support the idea that SOL deserves a much higher value.

Not only is Solana the second-largest layer-one network in terms of TVL, but it also has updates on the horizon – such as the Firedancer upgrade – that will further enhance its position as one of the leading platforms for meme coins and DeFi.

Based on its underlying strength and utility, the Solana price should return to $150 at some point in Q2, before climbing back up to $250 by Q4.

Layer-Two Platform Aims to Enhance Solana

As SOL may not perform significantly in the coming weeks, traders might be looking for alternatives, which, during a bear market, typically means newer and more volatile small-cap tokens.

The challenge is that it can be quite difficult to determine which new coin will outperform the market, given the vast number of options available.

However, one method to narrow down the choices is to look for the most promising presale coins, which often experience substantial rallies upon their initial listing.

An example of a highly promising presale token is Solaxy (SOLX), which holds the distinction of being Solana’s first-ever layer-two network.

https://x.com/SOLAXYTOKEN/status/1894609319729271288

It has raised an impressive $23.8 million in its ongoing presale, with investors enthusiastic about its strong fundamentals and market potential.

As an L2, Solaxy will provide Solana users with faster transactions and lower fees, while also enabling instant bridging between itself and its parent network.

Its team plans to add compatibility with other chains over time, making it accessible and appealing to a broader range of traders and developers.

Given that SOLX will be essential for paying transaction fees, the coin is likely to see very strong demand.

Investors can participate in its sale by visiting the Solaxy website, where SOLX is currently priced at $0.001648.

This price will increase later today, and all early indicators suggest that it could surge once it lists in the coming weeks.

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