Solana (SOL) has experienced a significant decline of over 30% in the last 30 days, bringing its price just below the $100 mark. This recent pullback has sparked concerns among traders regarding the long-term bullish predictions for Solana’s price. However, there are indications that the momentum may be shifting.
The price action of SOL seems to be stabilizing, leading to growing optimism that this range could potentially signify the bottom before a strong rebound occurs. Solana’s metrics are also showing signs of recovery, with daily active users witnessing an 85% increase and stabilizing above 5 million after a sharp decline in December and early January.
On the price prediction front, Solana appears to be approaching a potential bottom after months of continuous downward movement. The SOL price has dipped into the $100 support zone, aligning with the lower boundary of a long descending channel that has been limiting every upward movement since late 2025. Additionally, the momentum seems to be overstretched, with the RSI indicator deep in oversold territory, indicating a possible reaction bounce.
From a structural perspective, the current scenario suggests more of a late-stage selling pressure rather than the beginning of a new downtrend. If buyers intervene, a bounce towards the $140 to $175 range could be expected, with a possibility of reaching $300 or more if the momentum persists. However, as long as Solana remains below the descending channel and fails to reclaim crucial resistance levels, any upside movements should be viewed as relief rallies rather than a definitive trend reversal.
Despite the positive signs, caution is advised as a failure to hold above $100 on a daily closing basis could lead to further downside towards the low $90s, extending the prevailing downtrend. While the recovery in Solana’s metrics is encouraging, it does not guarantee a bottom but suggests that the downward momentum might be losing steam.
In a separate development, Bitcoin Hyper is gaining attention as a Layer 2 solution focused on enhancing Bitcoin’s speed and scalability without compromising its security. The project aims to make Bitcoin more usable at scale by offering fast, low-cost transactions and smart contract capabilities within the BTC ecosystem. With a successful presale raising over $31 million and staking rewards of up to 38%, Bitcoin Hyper is positioning itself as a promising solution to address Bitcoin’s limitations.
In conclusion, the current market dynamics indicate a potential turnaround for Solana, with signs of stabilization and recovery in metrics. While caution is advised to monitor key support levels, the prospect of a significant rally remains on the table. Additionally, the emergence of projects like Bitcoin Hyper underscores the importance of innovative solutions to enhance the usability and scalability of leading cryptocurrencies like Bitcoin.
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