SOL Price Prediction 2025: Why Solana Is Going Down?

Solana Price Prediction: Consolidation Ends, What's Next for SOL?

• On the 4-hour chart, Solana has been consolidating within a symmetrical triangle for a prolonged period.

• A recent crypto market sell-off caused Solana to break out of the triangle, with the price now hovering around $180.

• After the sell-off, Solana entered a consolidation phase, awaiting a clear directional move.

• Today, the market broke out of the consolidation zone and shifted into a bearish trend.

• The key support level is around $175; if breached, the next support levels are at $165 and $120.

• However, if Solana closes above $184, there’s potential for a reversal similar to Bitcoin.

Market Liquidations Highlight Bearish Sentiment

In the last 24 hours, the crypto market saw $9.77 million in liquidations, with $7.79 million from long positions and $1.98 million from shorts. This underscores strong bearish momentum, particularly impacting long traders betting on price increases.

Decline in Long Trader Participation

Between January 12th and 13th, the percentage of Solana long traders dropped from 49.47% to 46.41%. This decline reflects a shift in sentiment, with fewer traders optimistic about Solana's price movement during this period.