Solana Rebounds, But Still Remains on Thin Ice—Here’s the SOL Price Prediction for 2025!
The post Solana Rebounds, But Still Remains on Thin Ice—Here’s the SOL Price Prediction for 2025! appeared first on Coinpedia Fintech News
Solana, the Ethereum killer, is showing signs of a strong comeback. After weeks of choppy price action and a sharp pullback, SOL price has rebounded impressively from the $124 zone and is now trading around the $135 to $138 range. This bounce comes at a time when the broader crypto market is grappling with uncertainty, making Solana’s resilience all the more noteworthy.
But what’s fueling this rebound? Is it just a technical bounce, or are there stronger fundamental forces at play, like ETF speculation and institutional adoption?
Recent Pullback & Recovery: What Just Happened?
Solana experienced a sharp drop below the $130 support level last week, briefly dipping to around $124. This move triggered panic among short-term holders, but it turned out to be a classic liquidity sweep—flushing out weak hands before a rebound. The bounce was quick and decisive, with SOL reclaiming the $135 level within days. This type of V-shaped recovery is often observed when there is strong underlying demand, which appears to be the case here.
Solana Price Prediction: Where Will SOL Head Next?
The SOL price has been maintaining a steep bearish trend but continues to remain within a bullish pattern. The token has rebounded from the lower support of the descending parallel channel, which hints towards a bullish continuation towards the resistance. But the question arises, will the SOL price rise above the pivotal resistance at $142?
As seen in the above chart, the SOL price is attempting to rise to the neckline of the cup & handle pattern. A breakout from the range is expected to elevate the levels towards the highs above $220 initially and later above $250. As the RSI has displayed a bullish divergence, the price is expected to rise above $142 and reach the resistance at around $155. Otherwise, the handle could get extended, which may transform into a bearish trend.
However, this appears to be unlikely, as the price is an inch away from the psychological barrier at $140. Therefore, if fundamentals continue to improve, Solana (SOL) price is expected to revisit above $300 in the next bullish wave.
