Ethereum

Solana

Million

Edge

Coin

Solana continues to demonstrate resilience amid the volatile swings in the crypto market, holding strong at $202 despite broader market turbulence. This stability stands in stark contrast to Ethereum, which has seen a significant decline.
Notably, when <a href="https://insidebitcoins.com/cryptocurrency-price/bitcoin-price" rel="noopener noreferrer nofollow">Bitcoin</a> first hit $100K, Ethereum was valued at $4K, but now, with Bitcoin reaching the milestone for the sixth time, <a href="https://insidebitcoins.com/cryptocurrency-price/ethereum-price" rel="noopener noreferrer nofollow">Ethereum</a> has dropped to just $2,700.
Meanwhile, Solana has maintained its position impressively, prompting the question of whether this is an opportune time for accumulation or a new entry point at $211. One of $SOL’s key strengths lies in its ecosystem, which boasts top application revenue, significantly outperforming Ethereum in this regard.
The network has been steadily capturing a larger share of <a href="https://insidebitcoins.com/dapps" rel="noopener noreferrer nofollow">decentralized application</a> (dApp) revenues, further solidifying its position as a major contender in the crypto space.
Historical price action reveals that $SOL reached $250 in 2021, and while it later experienced a sharp correction, its current performance suggests strong investor confidence.
Typically, the best time to buy an altcoin with fundamental value and utility is after significant corrections of 85% to 95%. Solana, at its lowest, saw a 95% drawdown, a scenario unlikely to repeat in the future given its increased adoption and market presence.
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<h2 id="sol-crypto-price-prediction">SOL Crypto Price Prediction</h2>
Solana’s recent price movements have been a mix of both positive and negative developments. On the downside, the token failed to maintain support at the crucial $200 level despite a strong initial rebound from the trend line and 200-day EMA.
The decline was anticipated due to weakening volume and open interest, signaling a lack of momentum. As a result, $SOL has returned to the $175–$185 range, a key support zone that aligns with its price levels before the recent meme coin-driven surge.
From a fundamental perspective, Solana’s network metrics have also cooled down, with TVL dropping back to $9.2 billion and DEX trading volumes returning to pre-meme coin launch levels.
<img decoding="async" class="alignnone size-full wp-image-625054" src="https://insidebitcoins.com/wp-content/uploads/2025/02/solana-1-day-price-graph.jpg" alt="SOL 1 Day Price Graph" width="1920" height="1080" srcset="https://insidebitcoins.com/wp-content/uploads/2025/02/solana-1-day-price-graph.jpg 1920w, https://insidebitcoins.com/wp-content/uploads/2025/02/solana-1-day-price-graph-300x169.jpg 300w, https://insidebitcoins.com/wp-content/uploads/2025/02/solana-1-day-price-graph-1024x576.jpg 1024w, https://insidebitcoins.com/wp-content/uploads/2025/02/solana-1-day-price-graph-768x432.jpg 768w, https://insidebitcoins.com/wp-content/uploads/2025/02/solana-1-day-price-graph-1536x864.jpg 1536w" sizes="(max-width: 1920px) 100vw, 1920px">
However, this retracement does not necessarily indicate a bearish outlook. Solana’s role in hosting the meme coin launch endorsed by the U.S. administration showcases its growing credibility.
Additionally, speculation about a potential Solana ETF continues to build, an event that is likely not yet priced into the market. Despite the short-term decline, $SOL remains positioned for a potential rebound.
The current support zone has historically been a strong accumulation level, and if this holds, a rally back toward $240–$260 could follow.
For a breakout to occur, Solana must reclaim the $205–$210 range with a surge in trading volume or strong outperformance of its ecosystem against the broader market. Until then, patience is key, as further downside movement remains a possibility before the next significant rally.
<h3 id="related">Related</h3>
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 <li><a href="https://insidebitcoins.com/news/solana-price-prediction-sol-plunges-18-in-a-week-as-investors-pivot-to-this-18-million-layer-2-meme-coin-for-its-220-apy" rel="noopener noreferrer nofollow">SOL Plunges 18% In A Week As Investors Pivot To This $18 Million Layer-2 Meme Coin For Its 220% APY</a></li>
 <li><a href="https://insidebitcoins.com/news/solana-price-prediction-sol-plunges-9-in-a-week-as-this-new-layer-2-crypto-ico-charges-towards-18-million" rel="noopener noreferrer nofollow">SOL Plunges 9% In A Week As This New Layer-2 Crypto ICO Charges Towards $18 Million</a></li>
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Solana Crypto Price Prediction – Is Now the Best Time to Buy $SOL?

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