Pi Network Price Prediction For 2025

Solana plunged to a 12-month low of $95.23 on April 7, marking a sharp decline amid broader market turbulence. 

However, as the market embarked on a recovery this week, SOL has witnessed a rebound, with its price climbing as demand surges.

SOL Rebounds 17%, Eyes Further Gains

Since SOL began its current rally, its value has soared by 17%. At press time, the altcoin trades at $124.58, resting atop an ascending trend line.

This pattern emerges when the price of an asset consistently makes higher lows over a period of time. It represents an uptrend, indicating that SOL demand is gradually increasing, driving its prices higher. It suggests that the coin buyers are willing to pay more, and it serves as a support level during price corrections.

SOL’s recovery is further supported by its rising Relative Strength Index (RSI), indicating increasing buying interest. This momentum indicator is at 49.58 at press time, poised to break above the 50-neutral line. 

The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.

At 49.50 and climbing, SOL’s RSI signals a steady shift in momentum from bearish to bullish. A rise above 50 would confirm increasing buying pressure and a potential for a sustained upward price movement. 

Solana Bulls Eye $138

SOL’s ascending trend line forms a solid support floor below its price at $120.74. If demand soars and the bullish presence with the SOL spot markets strengthens, the coin could continue its rally and climb to $138.41.

However, if profit-taking commences, the support at $120.74 would be breached, and the SOL’s price could revisit $95.23.

The post Solana Shakes Off 12-Month Lows, Gaining Momentum for a $130 Rally appeared first on BeInCrypto.

Since April 23, Solana’s price has oscillated within a tight trading range, facing resistance near $153.67 and finding support around $145.68. 

A growing wave of bearish pressure threatens to break this range to the downside, with a key technical indicator on the verge of confirming a major sell signal.

Solana Faces Breakdown Risk as Sellers Tighten Grip

SOL’s Moving Average Convergence Divergence (MACD) indicator is poised to form a death cross, a bearish crossover where the MACD line dips below the signal line.  

As of this writing, the coin’s MACD line (blue) rests near the signal line (orange), awaiting a catalyst to push it under. This pattern often precedes a sustained downtrend and is widely viewed by traders as a sign of weakening price strength.

Further, SOL’s Balance of Power (BoP) is currently negative, reinforcing the downtrend. This indicates that sellers have gained market control. At press time, this stands at -0.12.

The BoP indicator measures the strength of buying versus selling pressure by comparing the closing price to the trading range over a given period. 

When an asset’s BoP is positive, it signals that buyers are in control, indicating strong upward momentum and potential for continued price gain.

On the other hand, as with SOL,  a negative BoP value indicates that sellers dominate the market. It suggests an increase in downward pressure on SOL and hints at the potential commencement of a new decline phase. 

SOL Faces Key Support Test Amid Mounting Sell Pressure

As bearish momentum builds, SOL risks breaking below the support level at $145.68. A decisive break beneath this threshold would confirm a short-term downtrend and potentially trigger a deeper decline toward $142.32. 

Should buyers fail to regain control at that point, SOL could slide further to test the lower support at $133.94.

However, this bearish outlook could be invalidated if fresh demand emerges and buying interest strengthens. In that bullish scenario, SOL may overcome resistance at $153.67, opening the door for a rally toward $171.50.

The post Solana’s ‘Death Cross’ is Looming as SOL Struggles in the $150 Range appeared first on BeInCrypto.