Solana Price Update: Solana Price Plunges Below $100 – Is a Drop to $84 Inevitable?

The price of Solana has entered a crucial phase as the cryptocurrency fails to hold its own above the $100 support zone. After a drastic decline of 15% leading to great pressure on SOL trade, the price pierced below important levels of $112 and $105. The technical indicators suggest further downside risk as the MACD remains bearish and the RSI is less than 50. The breaking of the contracting triangle at $118 raised fears of Solana crashing, and now the focus is on the major support levels at $100 and $92. Resistance levels at $105 and $116 hold the key to SOL recovery or further losses.

Solana Price Faces Critical Decline Amid Bearish Sentiment

The price action for Solana has now entered into a bearish phase as SOL struggles with holding major support. The crypto recently saw a major loss of 15%, dropping below the levels of $112 and $105, while it is now consolidating around the $100 support zone. The breaking of the contracting triangle at $118 acted as a catalyst, intensifying the drop of Solana into the bearish zone, and with the technical indicators showing MACD in the bearish territory and RSI below 50, it suggests weak momentum. Major resistance levels are now at $105, $112, and $116 for a recovery. A drop below $100 support would probably trigger another Solana crash toward $92 or even down to $84.

This current decline fits in with external factors in the markets affecting liquidity or unlocking tokens that exert further pressure on SOL trading. Solana may be dealing with short-term hurdles, but its long-term outlook remains strong due to competition in the ecosystem and the ongoing development of technology. Traders should be looking at the support and resistance levels as Solana reaches a crossroads.

Solana Price Trend Of Last 24 Hours

The five-minute SOL chart demonstrates a clear downward trend with the break of support at the $97 level just after failing to continue along the previous consolidation structure. This was also coupled with a breakout attempt earlier around the $120 resistance levels, which led to massive sell pressure that dumped the price. Now, the highlighted green support zone marked around $92-$100 is of great importance, as Solana has made a comeback into that zone: RSI 30.73 confirms market under-sold conditions. This indicates some temporary consolidation before further movement.

Chart 1, analysed by anushrivarshney2613, published on TradingView, April 7, 2025

MACD analysis indicates a predominance of negative momentum, signified by several death crosses below the zero line, confirming negative sentiment. Golden Crosses did not succeed in reversing the course due to low buying strength. This evaluation fits with the larger forecasts of price weakness in Solana, with short-term fluctuations expected to culminate in an overall result due to long-term growth in the ecosystem. Traders must now watch these pivotal phases as Solana materializes.

Solana Price Prediction: Insights and Outlook

Concerns corroborating the short-term trajectory are the recent Solan decline in price, with SOL trade still struggling over the support zone of $100. In the long run, things still look good. Analysts disclose that Solana may see some more bitter short-term erosion, and breaking under the $100 line would drive the price down to at least $92 or maybe even $84 at its lowest possible point. 

Predictions for Solana are that it would come back into the limelight in 2025 due to its successful ecosystem, scalability, and low transaction fees. The average price is expected to be between $168 and $298, and in bullish market situations, the price may rise higher than $357. Such developments would be triggered by Bitcoin halving events and an increasing number of decentralized applications (dApps) on the platform of Solana.

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