$SOL
SOL is currently trading around $140-141, reflecting noticeable pressure in the broader crypto market.
Recent technical signals point to a breakdown below key support zone ($140-145), which has triggered some risk-off moves among traders.
On the plus side, some analysts remain cautiously optimistic: medium term forecasts suggest a possible return to the $195–$210 range if SOL regains momentum.
A bullish long term outlook from major institutions also persists, with projections of $275 by end-2025 and up to $500 by 2029, assuming broader adoption and favorable macro conditions.
🔎 What’s Behind the Volatility Key Drivers
The overall crypto market sentiment remains choppy, driven by macroeconomic uncertainty and shifts in institutional capital flows, which hit many altcoins including SOL.
However, fundamentals of Solana’s network remain strong: its fast speeds, low fees, and ongoing technical improvements keep it among the leading layer 1 platforms, attracting developer interest.
For a sustainable rebound, SOL needs to reclaim and hold above crucial resistance zones (around $168–$180) otherwise, downside pressure toward earlier support near ~$120–$130 could persist.