featured

Solana: price correction underway, where is SOL heading?

solana sol analisi prezzo

There is an ongoing correction on the price of Solana. For now, it is not a particularly significant correction, but the situation should be monitored because yesterday’s attempt to climb was clearly rejected. 

The attempt to rise in the price of Solana (SOL)

At the end of last week, due to the missile attack by Israel against Iran, the crypto markets had marked an initial correction.

For example, the price of SOL, the native cryptocurrency of Solana, had dropped from $166 to $142 in two days.

It was not a significant correction, also because by Saturday the crypto markets had already started to recover. 

In fact, yesterday the price of SOL had already managed to climb back up to almost $160, but last night the second correction arrived. 

The correction underway of the price of Solana (SOL)

To tell the truth, this second correction in a few days is significantly lower than the first. 

In fact, the decline stopped just below $150, and it immediately bounced back. 

Currently, it is back above $153. 

It is evident, however, that these are minor movements when compared to the medium-term trend, which suggests that in reality, it is just normal short-term volatility. 

The current trend: where is SOL headed?

The current trend of the price of SOL started at the end of February. 

Previously, the mini-bubble due to the Trump trade had inflated, at the end of 2024, thanks to which the price of Solana had jumped from $150 to over $250, and at the beginning of 2025, this mini-bubble then burst.

The burst ended right at the end of February, well below the 150$ mark, and at that point, a new trend began, still ongoing. 

This is a trend that is essentially a lateralization, even though the price oscillates significantly. 

From the end of February to today, a minimum peak was reached in April even at $105, which is a much lower figure than the values of October 2024, and a maximum peak exceeding $180 in mid-May, which is a much lower figure than the annual maximum peak in January. 

It should be remembered, however, that the January peak, at almost $300, was the all-time high in the entire history for SOL, and it was due to an evident mini-bubble that later burst. 

The historical trend

The situation is understood much better by extending the comparison within 2024.

After the burst of the great bubble of 2021, the prezzo di Solana faced significant difficulties, recovering only in 2023. 

At the beginning of 2024, it had returned to around $100, a level that was then surpassed in March of the previous year and never touched again. 

Therefore, the historical trend still ongoing on the price of Solana started precisely in March 2024. 

At the time, after the long rebound that began in 2023, a mini-bubble inflated, thanks to which the price of SOL rose up to $200. 

From March to October, the price of Solana moved sideways within a wide range between $130 and $190, with rare exceptions. 

Instead, starting from the end of February 2025, it began to move sideways within a range between $120 and $180, with rare exceptions. 

Therefore, the ongoing dynamic lateralization phase is occurring within a price range that is even slightly lower than that of 2024. 

All this suggests that it is better to interpret the recent movements with a certain caution, because the situation is less rosy than it might appear at a superficial analysis. 

The news on Solana

It is also necessary to add that some news is circulating that could impact the price of Solana. 

The first is that the SEC is reviewing as many as seven requests for the issuance of spot ETFs on SOL. 

The fact is that by the end of the year, the agency will most likely make a decision, and the thing that seems most likely is that it will end up approving them. 

It should be remembered that last year the launch on the stock exchange of ETF su ETH spot did not cause the price of Ethereum to rise, which instead fell due to the sales of Grayscale’s fund. This specific dynamic should not happen for Solana, but it is not at all certain that the launch on the stock exchange of crypto ETFs can help the price of the underlying to rise.

Bitcoin has strongly benefited from the launch of spot ETFs on the US exchanges, but it is a case that should be considered separately.

However, there is another potentially very positive news for Solana. 

A couple of days ago, the co-founder and CEO of the famous exchange Bybit, Ben Zhou, announced the launch of Byreal, an on-chain incubated DEX based on Solana.

The power of Bybit, and the usability of Solana, could lead this new DEX to success, and this could be beneficial for the price of SOL since the fees on that DEX will have to be paid in this currency.