Solana (SOL) price has had an impressive year, but as of late May 2025, cracks are starting to appear in its momentum. With the price currently hovering around $170, many traders are asking the same question: Is Solana price heading for a massive drop — possibly even to $100? Let's break down what the charts reveal.
Solana’s daily chart shows a clear sideways-to-weakening price action following a strong rally earlier in April and May. For the past few weeks, the price has struggled to break above the $180 resistance mark and is now hovering between key Fibonacci retracement levels.
The 0.786 Fibonacci level (near $180) has turned into a stubborn resistance. Price is now slipping below the 20-day and 50-day Simple Moving Averages (SMA), currently at $173.51 and $154.39, respectively. The loss of support from these moving averages indicates a loss of bullish momentum.
If SOL price closes below the 20-day SMA for multiple sessions, we may see the next leg down testing the 100-day SMA at around $145.
Zooming into the hourly chart, SOL price has broken down from a tight consolidation range around $174–$176. The current price at $170.34 has pierced below the cluster of moving averages (20, 50, 100, and 200 SMA), all of which are closely aligned in the $172–$175 zone. This suggests a short-term trend reversal and potential momentum shift toward the bearish side.
Volume is flat, and there's no visible buying pressure to hold key intraday levels. This opens the gates to test the recent hourly support zones — marked clearly around:
If price breaches $159 with a full-bodied hourly candle, the next major visible support is all the way near $140, a psychological and technical level from the daily chart.
Let’s do the math using Fibonacci projections and moving averages:
If the recent swing high is $188 and the recent swing low is $116 (from earlier in 2025), the 0.618 Fibonacci retracement lands at $146, which is also where the 100-day SMA sits. This is a crucial pivot. If SOL loses that level, the next target using standard Fibonacci extensions could be:
1.0 extension → $188 - (0.618 × [$188 - $116])
= $188 - (0.618 × $72)
= $188 - $44.50
≈ $143.50
Beyond this, a further 1.618 extension puts SOL price in the $100–$105 zone.
That would be a 45%+ drop from current levels — which isn’t far-fetched if broader market sentiment turns risk-off or Bitcoin dips below its own support levels.
Despite the bearish bias, SOL price still has some structural support :
However, without a clear bullish reversal pattern or heavy buy volume, technical pressure remains to the downside.
The current SOL price action doesn’t scream collapse, but a drift toward $150 looks increasingly likely. If that level fails, it opens the floodgates to $130 and potentially $100.
Until Solana price reclaims and holds above $180 with strong volume, the path of least resistance is downward.
Stay cautious and watch for volume-confirmed reversals before jumping back in.
$SOL, $Solana
Solana (SOL) price has had an impressive year, but as of late May 2025, cracks are starting to appear in its momentum. With the price currently hovering around $170, many traders are asking the same question: Is Solana price heading for a massive drop — possibly even to $100? Let's break down what the charts reveal.
Solana’s daily chart shows a clear sideways-to-weakening price action following a strong rally earlier in April and May. For the past few weeks, the price has struggled to break above the $180 resistance mark and is now hovering between key Fibonacci retracement levels.
The 0.786 Fibonacci level (near $180) has turned into a stubborn resistance. Price is now slipping below the 20-day and 50-day Simple Moving Averages (SMA), currently at $173.51 and $154.39, respectively. The loss of support from these moving averages indicates a loss of bullish momentum.
If SOL price closes below the 20-day SMA for multiple sessions, we may see the next leg down testing the 100-day SMA at around $145.
Zooming into the hourly chart, SOL price has broken down from a tight consolidation range around $174–$176. The current price at $170.34 has pierced below the cluster of moving averages (20, 50, 100, and 200 SMA), all of which are closely aligned in the $172–$175 zone. This suggests a short-term trend reversal and potential momentum shift toward the bearish side.
Volume is flat, and there's no visible buying pressure to hold key intraday levels. This opens the gates to test the recent hourly support zones — marked clearly around:
If price breaches $159 with a full-bodied hourly candle, the next major visible support is all the way near $140, a psychological and technical level from the daily chart.
Let’s do the math using Fibonacci projections and moving averages:
If the recent swing high is $188 and the recent swing low is $116 (from earlier in 2025), the 0.618 Fibonacci retracement lands at $146, which is also where the 100-day SMA sits. This is a crucial pivot. If SOL loses that level, the next target using standard Fibonacci extensions could be:
1.0 extension → $188 - (0.618 × [$188 - $116])
= $188 - (0.618 × $72)
= $188 - $44.50
≈ $143.50
Beyond this, a further 1.618 extension puts SOL price in the $100–$105 zone.
That would be a 45%+ drop from current levels — which isn’t far-fetched if broader market sentiment turns risk-off or Bitcoin dips below its own support levels.
Despite the bearish bias, SOL price still has some structural support :
However, without a clear bullish reversal pattern or heavy buy volume, technical pressure remains to the downside.
The current SOL price action doesn’t scream collapse, but a drift toward $150 looks increasingly likely. If that level fails, it opens the floodgates to $130 and potentially $100.
Until Solana price reclaims and holds above $180 with strong volume, the path of least resistance is downward.
Stay cautious and watch for volume-confirmed reversals before jumping back in.
$SOL, $Solana