Solana Price Prediction: SOL Drops to $154.40 Amid 11.7% Weekly Decline – Can It Rebound to $200?

Solana (SOL) continued its downward trajectory during early weekend trading, dropping to $154.40, marking an 11.7% decline for the week. This move follows broader market volatility triggered by a U.S. appeals court reinstating Trump-era tariffs. The decision reversed an earlier ruling by the International Trade Court, spooking risk markets, including digital assets like Solana.

BREAKING
US APPEALS COURT HAS JUST REINSTATED PRESIDENT TRUMP TARIFFS THAT WERE BLOCKED YESTERDAY
pic.twitter.com/2J8e58zXMQ

— FinFluential • Simplifying Stocks (@FinFluentialx) May 29, 2025

Technically, SOL has broken its key support level at $165.94 and is now trading outside the bullish channel that had been in place since mid-April.

The daily chart presents a bearish outlook: a series of red candles accompanied by a Three Black Crows pattern. The 50-day Exponential Moving Average (EMA) at $159.60 has flipped from support to resistance, while MACD momentum indicators show widening gaps and deepening red histograms, all signaling bearish momentum.

• Support levels: $141.60, $125.95, $112.04
• Resistance zone: $176-$188 with strong rejection
• Momentum indicators: MACD bearish, RSI at 46

Derivatives Liquidations and ETF Delays Fuel Bearish Sentiment

Data indicates a shift in sentiment surrounding Solana. According to Coinglass, futures open interest fell by 3.23% to $7.11 billion. Long liquidations reached $18.98 million on Friday, compared to just $464,750 in short liquidations, representing a significant unwinding of leveraged long positions.

Meanwhile, delays in the approval of U.S. spot Solana ETFs, despite six applications from firms like Fidelity and VanEck, are capping market optimism.

Polymarket currently assigns an 82% probability to approval. Some analysts, including VirtualBacon, project post-approval targets of $440-$600, similar to Bitcoin’s post-ETF rally. However, until the SEC grants approval, regaining the $200 mark appears challenging.

Institutional Growth and Network Expansion Offer Long-Term Promise; Is Solana Supported?

Despite short-term headwinds, Solana continues to attract institutional interest and foster ecosystem growth. Circle’s minting of $250 million in USDC on Solana in late May added significant liquidity and expanded stablecoin utility. Solana now handles 34% of all stablecoin volume.

BREAKING: Circle mints $250 million dollars in $USDC over the past 24 hours.
Solana is the stables chain. pic.twitter.com/j43CI5wb4M

— Phase Labs (@phaselabs_) May 30, 2025

SOL Strategies is aiming to raise $1 billion for validator infrastructure, signaling long-term confidence in the network’s scalability.

Other catalysts include Coinbase’s launch of 24/7 SOL futures trading on June 13 and ARK Invest’s inclusion of Solana in a Canadian ETF. While these do not guarantee a quick price bounce, they provide a foundation for future adoption and price growth.

#Solana ETF Update: @Fidelity joins 6 other applicants waiting on #SEC approval under new @CBOE BZX 14.11 (e)(4) rule change to “Commodity Based Share Trusts” – to make #SEC approved Spot Solana ETFs.
If any of these get approved then $SOL is reclassified a “commodity” by the… pic.twitter.com/cI4wYtI5ZS

— MartyParty (@martypartymusic) March 26, 2025

Solana Technical Outlook: Caution Needed as Bearish Trend Persists

For traders, the Solana price prediction remains bearish. Traders should watch for support at $141.60; however, unless Solana forms a strong reversal pattern—such as a Hammer or Morning Star candle with MACD convergence and a retest of the 50 EMA—the path of least resistance remains downward.

New investors should wait for clear reversal signals before entering, while experienced traders can look for volume confirmation on either a breakdown or a reversal. Without bullish momentum, Solana may not retest $200 in the near term.

BTC Bull Token Presale Approaches $7.67M Mark as 62% APY Staking Draws Interest

With SOL/USD dipping below $156, attention is shifting to altcoins like BTC Bull Token ($BTCBULL). So far, $6.38 million has been raised, with the next price increase approaching quickly.

Bitcoin Rewards and Supply Reductions

BTC Bull Token operates with a built-in system: the higher BTC’s price, the more BTC airdrops are distributed to token holders. Presale participants receive priority. The system also features:

• Token burns triggered every $50,000 increase in BTC price, reducing the total supply.
• The current token price is at $0.00254 before the next bump.

This approach aligns token value with BTC/USD price movements while maintaining scarcity through programmed burns.

Staking Terms for Passive Returns – BTCBULL’s staking pool holds 1.62 billion tokens offering 65% APY, with:

• No lockup periods or fees.
• Full access to funds at any time.

This structure appeals to investors seeking yield without complex requirements or the risk of illiquidity.

Momentum Before the Cap Fills

With just over $1 million remaining in the presale, buyers are positioning themselves early. The token’s mechanics, including BTC-tied rewards, supply adjustments, and staking options, are driving participation.

Key figures:

• USDT raised: $6,632,712 out of a $7,676,876 target
• Token price: $0.00254

BTCBULL offers a ~62% APY on its Ethereum-based staking pool (currently holding 1.61B BTCBULL), with no lockups or withdrawal fees, providing passive yield with full liquidity.

The post Solana Price Prediction: SOL Falls to $154.40 With 11.7% Week Decline – Can It Bounce Back to $200? appeared first on Cryptonews.