Solana Price Prediction: SOL Climbs After the Crash, a Good Time to Buy?

Key Takeaways

• Solana (SOL) is currently priced $195.38, and the price has increased more than 10% in the past 24 hours 
• Despite the setbacks it faced amid the market crash, the SOL staged a strong rebound.
• Current upward momentum is triggered by the anticipated SEC approvals regarding the multiple SOL Exchange Traded Fund (ETF) filings.
• The crypto experts are not ruling out the price reaching above $200 this year if the uptrend continues.

Solana (SOL) staged a strong rebound after the crypto market crash triggered by the geopolitical shock. The SOL, which faced the biggest backlash with price plunging about 17% is currently trading above its 200-day Simple Moving Average (SMA) with a market cap reaching $106.58 billion. The current upward trend is backed by the anticipation around the U.S. Securities and Exchange Commission (SEC) Exchange Traded Fund (ETF) approvals and technical rebound. As for Solana price predictions, the crypto experts are not ruling out the price reaching above $200 this year if the uptrend continues.

SOL Shows Rebounds After the Crypto Market Crash

Solana (SOL) is currently priced $195.38, the price has increased more than 10% in the past 24 hours despite the setbacks it faced amid the market crash, followed by the U. S President Trump’s 100% tariff announcement on China. The whole crypto market took the brunt, and the market cap fell from 4 trillion to 3 trillion. Currently, the crypto market has a market cap of 3.89 trillion. It is worth noting that SOL made the strongest recovery after the 20 billion worth of crypto crash. The 24-hour trading volume of SOL has gone up by more than 8% reaching $11.81 billion. Moreover, the market cap has reached $106.58 billion. 

What’s Driving the Price of SOL?

Current upward momentum is triggered by the new developments regarding the multiple SOL Exchange Traded Fund (ETF) filings. The odds of getting SEC approvals for ETFs, such as REX Osprey and Canary Capital, have increased, generating renewed interest in the popular altcoin. Furthermore, the Solana network is expected to have a technological upgrade soon. 

The news of the Solana Foundation signing a Memorandum of Understanding(MOU) with VARA, Dubai’s Virtual Assets Regulatory Authority, has further boosted investor confidence.

The MOU aims to deepen the cooperation between the Solana Foundation and VARA regarding data sharing, talent development, and supporting the Solana Economic Zone, as per the post shared on X.

On the technical side, the SOL overcame the resistance at $189.97, and the 14-day Relative Strength Index (RSI) stands at 32.62, suggesting that the SOL is approaching oversold territory. The Fear and Greed Index value of 24 suggests that crypto market stakeholders are still cautious. Nevertheless, the technical indicators show a fast rebound happened after a 17% drop, amid the crash reaching $173 in a single day. Now the million-dollar question is, will SOL continue the uptrend and rally?

SOL Price Prediction

On the technical side, as discussed earlier, the SOL is trading above the 200-day simple average, but the volatility remains high. The high yearly inflation rate of 16.64% is another cause of concern. Besides, SOL only had 14 green days in the past 30 days. The following table shows the values of key technical indicators.

Despite the bearish sentiments, the crypto experts observe that if SOL can hold $195, the market can confirm the recovery and price rally. The crypto experts are not ruling out reaching $200 if the SOL continues the present upward trajectory. Besides, the earlier issues with reading the Binance exchange have been fixed as well, and the present recovery shows that the crypto traders see the recent clash occurred due to geopolitical risk rather than the structural issues within the Solana ecosystem. The Solnana is known for its high speed and scalability.

According to the crypto analysts, the forecasted price for SOL for the upcoming months of 2025 is in the range of $194.64 to $212.24, which would give an ROI of 14.98%. 

The Bottom Line

The SOL has staged a strong rebound after the crypto market crash, showing that its fundamentals are strong. The technical indicators also suggest a strong rebound and possibility of a rally, given that the market faces no geopolitical shocks. The crypto experts recommend that investors keep a close eye on the key crypto market indicators and the larger political and economic developments that could send ripples through the crypto markets. As an emerging market, the crypto remains highly volatile and dynamic; a cautious approach and comprehensive risk assessment are always recommended.