Solana Price Prediction is buzzing as the coin trades near its strong support level of $230. Despite maintaining this position for now, Solana coin price faces significant selling pressure amid the broader market correction. If SOL fails to hold, experts predict a potential 12% drop to $200 in the near term.
However, on the brighter side, Solana price now remains above the 200 Exponential Moving Average (EMA) on the daily chart, signaling an uptrend. The Relative Strength Index (RSI) currently sits at 57.30, well below the overbought threshold of 70. This suggests room for an upside rally in Sol crypto price.
Recently, Solana surged to a new all-time high of $264, marking a 49% increase in trading volume. With over $8.9 billion in total value locked and record active on-chain addresses, the Solana ecosystem continues to thrive. Solana price today reflects growing interest from both retail and institutional investors.
Optimistic projections place the price of solana at $300 soon, with long-term estimates reaching $1,000 by 2025. Analysts attribute this to rising DeFi activity and potential approval of Solana ETFs. As Sol coin garners more attention, the next few weeks could prove pivotal for its trajectory.