Shortly after the Solana price broke out and had beaten a new ATH for $ 295, it was assumed that token could reach $ 500 quickly before the end of 2025. In the meantime, the rise of the Fallout of the Memecoins on the Solana chain damaged the momentum of the SOL -price rally. Currently the price is stuck within a narrow range, because the bulls show weakness and the bears seem less interested in showing pressure on the current reach. That is why what is there for the SOL price? Will it reclaim $ 180 this month?
Since the SOL prize under the psychological barrier fell for $ 200, the Bulls did not return the last momentum. In the meantime, traders seem to be bullish on the token, because, according to a new survey, a large number of FTX creditors are planning to invest their repayments in Cryptos, especially in Solana. Despite recent events such as the Memecoin Trug Pull and the Meteora scandal, 44% of the Bullish creditors remain over the Solana Ecosystem. In addition, 71% of the creditors are planning to keep or buy more SOL if it falls below $ 145, which shows more confidence in its long -term potential.
Does this suggest that the SOL price is about to fall below $ 150?
As can be seen in the graph above, the SOL price has been stuck between $ 169 and $ 176 within a narrow range in recent days. After the drop under the rising trend line, the bulls try hard to activate a strong recovery, which is seen in the MACD. There is an increase and decrease in sales pressure, which suggests that there can still be some room for the bears to thrive because the sales volume still has to fade.
Moreover, the Chaikin money flow remains below 0 actions, which indicates a weakness within the market, because the bear has an important dominance. This may indicate a growing possibility of an extensive bearish action, probably under $ 160. However, the interim support for $ 158 can provide a strong basis in the case of an extensive Bearish action. Although a drop under $ 150 currently seems to be very different, there seems to be a quick rebound on the horizon.
On the other hand, the growing optimism around the place ETF could keep the hope of a strong revival alive. That is why the Solana price may not reclaim $ 180 by the end of the month, but can certainly display a monstrous rally in the long term.