Shortly after Solana’s price broke out and broke a new ATH at $ 295, we thought that the token could soon reach $ 500 before the end of 2025. Meanwhile, the rise in spin -offs of the same on the channel Solana injured the momentum. From the soil Price Rally. Currently, the price is blocked in a narrow beach because the Bulls display a weakness and the bears seem less interested in exposing the pressure at the current beach. Therefore, what is the next step for the ground price? Will he recover $ 180 this month?
Since the soil price fell below the psychological barrier at $ 200, the Bulls have failed to resume momentum. Meanwhile, traders seem to be optimistic about the token because, according to a new survey, a large number of FTX creditors plan to invest their reimbursements in cryptos, in particular in Solana. Despite recent events such as the Memecoin Pull Balance Carpet and the Meteora scandal, 44% of creditors remain optimistic on the Solana ecosystem. In addition, 71% of creditors intend to hold or buy more soil if it drops below $ 145, which has more confidence in its long -term potential.
Does this suggest that the ground price is about to drop below $ 150?
As the graphic above shows, the soil price remained in a narrow range between $ 169 and $ 176 in recent days. After the drop below the ascending trend line, the bulls strive to start a strong recovery, which is seen in the MacD. There has been an increase and a drop in sales pressure, which suggests that there could still be room so that the Bears thrive because the sales volume has not yet disappeared.
In addition, Chaikin’s monetary flow continues to be negotiated below 0, referring to weakness on the market, because the bear has significant domination. This can refer to an increasing possibility of an extended lower action, probably below $ 160. However, temporary support at $ 158 can offer a solid base in the event of an extended lower action. While a drop below $ 150 currently seems quite distinct, a quick rebound seems to be on the horizon.
On the other hand, growing optimism around the ETF spot could keep the hopes of a strong living increase. Therefore, the Solana price may not recover $ 180 by the end of the month, but can certainly display a monstrous long -term rally.
