These Big Companies Are Quietly Stockpiling Millions in Solana (SOL) — Here’s Who
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Key Takeaways
Solana (SOL) fell sharply after crossing $200 this week.
The SOL price has increased inside a channel since April.
Is Solana’s bull run over, or will the price reach new highs?
Solana has had a rollercoaster 2025, starting with a new all-time high followed by a sharp crash.
The trend seemingly reversed in April, but the price fell again today after a rejection from the $200 level.
This article will delve into Solana’s long-term prediction and determine if the bull market is over.
Solana Price Prediction 2025
The Solana price history since 2021 shows prolonged periods of consolidation between $120 and $200.
The price has moved outside the confines of the range several times, most notably during the all-time high in 2021 and 2025 and during the bear market in 2022-2023.
Nevertheless, the range contains most of the price movement outside the two extremes.
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Momentum indicators are also middling along. The Relative Strength Index (RSI) is 50, and the Moving Average Convergence/Divergence (MACD) is 0.
Based on the weekly price analysis, the Solana prediction for the rest of 2025 is unclear. More consolidation inside the range is possible before the SOL price determines the trend’s direction.
What’s Next for Solana?
While many altcoins look set for another upward trend that leads to new highs, Solana’s wave count is extremely bearish.
The count suggests SOL has completed a five-wave upward movement (green) and has been correcting since its all-time high of $295 in January.
If the count is accurate, Solana’s price has finished wave B inside the 0.5-0.618 Fibonacci retracement resistance area of $195-$218.
The projected wave C could take the price to $67, giving it the same length as wave A.
However, another count is more likely because of the bullishness of the Bitcoin price and the rest of the crypto market.
In the bullish count, the price of SOL is still in wave B but is completing a flat correction, which could lead to a new all-time high before a plunge.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
