Price Analysis View Non-AMP

Solana Back Above $100 as Bulls Gain Control—Will SOL Price Reclaim $110?

Published by
Sahana Vibhute

The Solana price is on the verge of rising over the bearish captivity while the bears are utilizing all their strength to push back the levels below $100. The global markets faced a dreadful weekend following Trump’s Liberation Day. The global crypto market cap plunged by over $300 billion but with the beginning of the American trading session, things seem to have turned in favor of the bulls. Bitcoin price reclaims $78,000 while Solana climbs above $100 after marking lows around $95. This suggests the traders utilized the buy-the-dip opportunity, which could pave the way for a decent recovery. 

Solana price has been facing massive upward pressure since the start of the year that has dragged the price lower by more than 60%. The token formed constant lower highs and lows, hinting towards the bears holding a tight grip over the rally. In such a scenario, a slight rise in the price may not be considered as a rise above the bearish influence until the pivotal resistance is secured. 

Presently, the SOL price is juggling at a threshold, and hence a slight drop below the range could squash the bullish possibilities. 

The bears dragged the price below the crucial support levels but the bulls have managed to lift the levels within the range. Despite this, the bearish impact on the rally continues to persist as the Ichimoku cloud has not confirmed a bullish reversal, as the base line and conversion line continue to descend. Meanwhile, the RSI is trying for a rebound, which is yet to be validated and once done, the rebound could be confirmed. 

In case of a rebound, the SOL price is required to rise to secure levels above $118, which could squash the bearish possibilities. Otherwise, the possibility of a continued descending trend may drag the levels to the 2024 lows below $80. However, one of the smartest plays during this sell-off is to accumulate a Solana position in anticipation of the SOL ETF later this year. 

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

Recent Posts

XRP Price Prediction 2025: XRP Price Testing Key Range, Breakout Could Reach New ATH at $10

XRP price is referred to as a sleeping giant, as the crypto has demonstrated some…

April 29, 2025

Chainlink Price Analysis: $10 or $19 Next for LINK?

Chainlink price failed to breach a crucial resistance level above $15 in the recent mild…

April 28, 2025

Dogecoin Price Prediction 2025, 2026 – 2030: Will DOGE Price Hit $1?

Story Highlights The price of Dogecoin today is . Dogecoin price may reach a maximum…

April 28, 2025

Cardano Price Prediction 2025, 2026 – 2030: Will ADA Price Hit $2?

Story Highlights The live price of the Cardano token is . ADA coin price could…

April 28, 2025

Is Solana Heading for a Breakout? If Yes, Here’s Where it May Lead to!

After the latest rise in the market sentiment, the top tokens like Bitcoin, Ethereum, and…

April 28, 2025

Solana Price Prediction 2025, 2026 – 2030: SOL Price Targets $500 Next?

Story Highlights Solana Price Today is . Solana coin price could reach a potential high…

April 28, 2025