Solana Price Prediction: Will SOL Break Below $95 as Market Fear Surges?

Solana price is crashing after falling 18% in just 24 hours, dropping to a low of $95. The decline comes amid a wave of intense selling across the crypto market, triggered in part by President Trump’s new tariffs. Solana has now lost over 60% of its value since mid-January. Over $62 million in long positions have been liquidated, and more pressure is expected as 465,000 SOL tokens are set to unlock this week. Despite the drop, one whale has staked over $7.6 million in SOL, and Helius Labs CEO still sees Solana as the best asymmetric bet in crypto.

Solana Faces Brutal Crash Amid Market Selloff: Will It Drop Below $90?

The Solana price continues its downward spiral, dipping to $95 amid broader market volatility. The selloff, driven by geopolitical tensions and President Trump’s tariff policies, has sent shockwaves through the crypto market. Solana has now experienced a 60% drop from its recent peak, and it’s one of the worst-performing altcoins in this wave.

Data from CoinGlass reveals over $62 million in Solana long positions were liquidated in just 24 hours, signaling extreme bearish sentiment. The looming unlock of 465,000 SOL tokens, worth over $50 million, could inject more selling pressure into the market this week.

Still, not everyone is panicking. On-chain data shows a whale address staked 71,318 SOL despite losses, signaling long-term belief in the project. Supporting that outlook, Helius Labs CEO stated, “I’m not sure how much lower the general market goes… but it is the most obvious asymmetrical bet for anyone without a time horizon.”

However, many analysts predict further decline, with targets set below $90 and even as low as $80. The crypto market’s fear and greed index has dropped to 23, showing extreme fear, which could keep buyers on the sidelines and add to the current Solana news downturn.

Solana Price Analysis of April 7

The trading session on April 6 opened on a positive note, with the RSI indicating bullish momentum. Around 18:30 UTC, SOL met resistance at $121.3. However, a death cross soon formed on the MACD, signaling the start of a sharp downtrend. The price entered a descending channel, shifting from overbought to oversold territory. By 4:00 UTC on April 7, SOL found temporary support at $114.31. Later in the day, another death cross appeared at 16:45 UTC, confirming continued bearish pressure. At 18:25 UTC, SOL broke through support, establishing a lower trading range. 

Chart 1, analyzed by ShwetaCW, published on TradingView, April 7, 2025

As illustrated in Chart 1, the downward momentum carried over into April 7, with multiple oversold readings keeping the bears in control. A death cross at 02:25 UTC further dragged the price down. Eventually, SOL hit a new support level at $95.25 by 06:50 UTC. Though an upward trend was hinted at 07:15 UTC, another bearish cross at 10:35 UTC reinforced the prevailing downtrend. According to Solana’s price prediction, a continuation of bearish momentum could break the $95.25 support. On the flip side, a trend reversal could push the price beyond the $114.31 resistance, potentially targeting $120 or higher.

Solana Price Outlook

Solana news highlights a sharp decline in SOL’s value, reflecting growing uncertainty in the broader crypto market. While a major whale remains hopeful, overall sentiment leans bearish. As per Solana price prediction, continued selling pressure may break the $95.25 support. However, if momentum shifts, SOL could reclaim $114.31 and aim for $120.

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