The only exception was a brief decline to $95.26 in April, but SOL bounced almost immediately afterward (green icon), creating a bullish engulfing candlestick.
During this time, Solana reached its all-time high price of $295.83, but failed to sustain it with a close above the $250 resistance area.
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After rallying in April, SOL reached a high of $253, but again failed to close above the $250 resistance area (red icon).
The rejection confirmed the area as Solana’s most important resistance and the one preventing it from reaching a new all-time high price.
After the ensuing rejection, SOL found support above the range’s midline at $185 and bounced. Nevertheless, it barely holds on to the support level, so the chances of a breakdown are still high.
The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are at critical levels. The RSI risks falling below 50 while the MACD has just made a bearish cross (black circle).
Therefore, whether SOL decisively clears the midrange or falls below it will be critical in determining the Solana outlook for the rest of 2025.
Will Solana Break Down?
The daily time frame chart pushes the SOL price analysis toward a more bearish prediction.
There are two main reasons for this: SOL trades inside an ascending parallel channel, which usually contains corrective movements.
Because of the channel, the SOL price is likely in a corrective W-X-Y structure, which means the bounce will not last.
Additionally, Solana trades in the lower portion of the channel, making the possibility of a breakdown even more likely.
If one occurs, the first support level will be at $130, but the price of Solana would eventually fall below the range low of $100.
Solana Price Outlook
Finally, the long-term outlook aligns with the bearish prediction from the daily one.
The wave count shows that Solana’s price has completed a five-wave upward movement (green) starting in December 2022.
If this is the case, it is currently in wave C of an A-B-C corrective structure, which will likely cause a breakdown from the channel and the $105 support area.
Since the C wave bottom is likely lower than the A wave one, the SOL price could reach a bottom between $59 and $69.
The 0.786 Fibonacci retracement support level creates the upper range of this prediction, while the lower range is created by giving wave C 1.61 times the length of wave A.
The final verdict of the multiple-time-frame technical analysis suggests that Solana’s price has reached its cycle high and will likely fall well into 2026.
Solana’s Bearish Outlook
All signals point to a turning point for Solana.
Unless SOL can reclaim and hold above the $250 resistance, the charts suggest that the current cycle has peaked and a deeper correction will follow in 2026.
Based on multiple time frame analyses, Solana could retrace to the 60–$70 range before the next long-term uptrend begins.
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.
