Solana’s Trading Volume and Price Outlook

Solana’s trading volume dipped sharply in the last seven days. A key technical indicator hinted at a price drop soon.

Solana (SOL) has witnessed a slight correction in the last 24 hours, alongside several other cryptocurrencies. Recent analysis suggests that it is crucial for the token to stabilize within a specific range to maintain its price.

Will SOL Hold Its Value?

After a nearly 5% weekly price increase, the token’s value dropped in the past 24 hours. At the time of writing, SOL was trading at $193 with a market capitalization exceeding $92 billion.

Ali Martinez, a notable crypto analyst, stated that it is essential for the token to maintain its price within the $190-$180 range. If it falls below that level, further price drops may occur, resulting in potential losses for investors.

Current Situation of SOL

AMBCrypto analyzed Solana’s on-chain data to assess the likelihood of SOL falling under the critical range in the near term. According to Santiment’s data, SOL’s price could continue to decline as trading volume has decreased over the past week, indicating a bearish trend.

Despite the declining volume, Solana’s Social Volume remains high, reflecting the token’s popularity in the crypto market. Additionally, the Long/Short Ratio has shown an uptick, suggesting more long positions than short ones, which may be a positive sign.

Further analysis from Hyblock Capital indicates that Solana may face challenges in maintaining trading above the critical range. The token’s buy volume reached 86 on the 29th of December, where a value closer to 100 signals high buying pressure, positively influencing price.

The rise in buying pressure is corroborated by a technical indicator showing a slight uptick in the Relative Strength Index (RSI), suggesting increased buying activity. However, the Chaikin Money Flow (CMF) has dipped recently, indicating a decrease in buying momentum.

Read Solana’s SOL Price Prediction 2025–2026

As for whether Solana’s price will drop below $180 in the coming days, only time will tell.