Solana worth remained in a technical bear market regardless of the hovering community metrics, together with its charges and transactions. SOL token was buying and selling at $87, down sharply from the all-time excessive of $295. Nonetheless, technical evaluation means that the coin has extra draw back to go.
Solana Value Prediction: Technical Evaluation Factors to a Drop to $50
The weekly timeframe chart exhibits that the SOL worth stays in a bear market, shifting from a excessive of $295 in 2025 to the present $87. It has remained beneath the 61.8% Fibonacci Retracement stage at $117.
The coin has remained beneath the 50-week and 200-week Exponential Shifting Averages (EMA), an indication that bears stay in management. It additionally stays beneath the Supertrend indicator, whereas the Common Directional Index (ADX) has jumped to 28, its highest stage since July final yr. A rising ADX is an indication that the downtrend is strengthening.
A more in-depth look exhibits that the coin has shaped a head-and-shoulders sample, and is now barely beneath the neckline at $120. The Relative Energy Index (RSI) has moved to the oversold stage of 30.
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Subsequently, the almost certainly Solana worth prediction is bearish, with the subsequent key goal being at $50, which is about 40% beneath the present stage. On the flip facet, a transfer above the 61.8% retracement stage will invalidate the bearish outlook.
Solana’s Community is Thriving and ETF Inflows are Regular
The continuing Solana worth crash could possibly be the calm earlier than the storm because it has among the greatest fundamentals within the crypto business.
One main facet is the truth that Solana is generating the most fees although it has decrease community charges than different chains. Nansen knowledge exhibits that the community generated over $25.2 million in charges, a lot greater than the $19 million that Ethereum made within the earlier month.
Salana is gaining market share in key industries like stablecoins and real-world asset tokenization. Knowledge compiled by Artemis exhibits that the community dealt with stablecoin transactions price over $707 billion within the final 30 days, making it one of many greatest chains within the business. Its RWA belongings have grown to over $1.8 billion, with high corporations like Citigroup and Apollo International being in its ecosystem.
Solana’s transactions have jumped by over 50% within the final 30 days, with the variety of lively addresses hovering to over $117 million. On the identical time, spot Solana ETFs have added over $4.2 million this month, that means that they’ve by no means had a month-to-month outflow. Spot Bitcoin ETFs have shed over $677 million in outflows this month, whereas Ethereum have shed $326 million.
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