Solana’s SOL cryptocurrency is currently trading around the $205 mark and remains mostly in the red. The asset has struggled throughout 2025 so far, overall down 9% in the past 30 days. As analysts search for a sign of improvement, the asset is trading close to crucial resistance levels. While a slight negative correction could come before a rebounding surge, it could also mean further drops to come. Ultimately depending on market confidence and conditions, could Solana fall as low as $150, or rebound to $300?

With Solana’s price constantly slipping below key levels and less trading activity, the pressure is mounting against SOL. This may drag the levels deeper down the support. The price continues to hold within a pivotal range, suggesting the token could probably trigger a rebound. Alternatively, a deeper correction seems to be inevitable, as SOL thrived towards the end of 2024 but continues to suffer.

The price is trading between 50-day & 200-day MA acting as resistance and support, respectively, according to TradingView data. As the RSI is bearish and heading towards the lower threshold, more downfall could come. Hence, Solana SOL price may test the support of the parallel channel at around $186, followed by a massive rebound. A failed test could send SOL spiraling to $150 and below. Alternatively, a successful test could give the altcoin a much-needed boost to reclaim $250 and even $300.

Also Read: Solana Reclaims $200: Can SOL Hit $250 This Week?

After marking the highest DEX volume for January of over $258 billion, the platform also leads blockchain activity with 6.3 million daily active users. Solana’s meme coins also continue to thrive, giving investors hope for Solana’s future. Price predictions are teetering between bullish and bearish.

Leading on-chain metrics and price prediction firm CoinCodex paints a neutral picture for Solana in February 2025. According to the price prediction, SOL could move at a snail’s pace and deliver meager profits to investors. The price prediction estimates that Solana could reach a maximum high of $216 by the end of the month. That’s an uptick and return on investment (ROI) of just over 10% from its current price of $190.