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What’s Happening With Solana Price
The Solana (SOL) price is navigating a bearish zone, failing to recover from the recent crypto market crash.
Notably, the Solana blockchain demonstrated exceptional performance in Q4 2024 and January 2025, with several key metrics showing significant growth. However, the Solana price is caught within a bearish phase, aligning with the prevailing negative trend in the crypto market.
Solana Price Plunges Below $200: What’s Next?
Despite SOL trading below the $200 level, the Solana price is poised for a significant breakout. According to an X post shared by Bitcoin enthusiast Lark Davis, Solana is nearing an “inflection point.” This means that the Solana price is approaching a critical level where it could either surge or drop.
A breakout above the descending resistance line, marked around $200, could spark a price surge. At the same time, a drop below the $189 support level, marked by the 200 EMA, may trigger further downward momentum for Solana.
As of press time, the SOL price is trading at around $198, marking a daily decline of 7.88%. Over the last week and month, SOL experienced a decline of 13.3% and 9.7%, respectively. With a market cap of $97.54 billion, Solana is ranked 5th on CoinMarketCap. Notably, the token’s daily trading volume has fallen by a significant 31.5%, currently at $5.17 billion, highlighting changing investor sentiment.
Will Solana Surge Past $280? Analyst Weighs In
Bitcoin investor Castillo Trading deems Solana a strong cryptocurrency that has shown remarkable performance throughout this cycle. As per his analysis, the Solana price has successfully retested the lower limit of $180.
$SOL looks strong. Great re-test of Lower Limit on flush. Holding well, first target is Median ML then Upper Limit$SOL has been a clear winner throughout thee cycle. Some say its because the meme ecosystem, regardless I’m sure $SOL stays volatile here. Need to keep eyes on it pic.twitter.com/kZbQQF7VQQ
— Castillo Trading (@CastilloTrading) February 5, 2025
Solana’s next target is to break above the median line at approximately $230, followed by a possible rally to the upper limit of $280. However, the analyst warns of potential volatility in Solana’s price in the near term, advising investors to closely monitor its movement.
Messari Unveils Solana’s 2024 Q4 Growth
Messari, a prominent blockchain analytics platform, unveiled the Solana ecosystem’s remarkable growth during the fourth quarter of 2025. By the end of the quarter, Solana had secured the second spot in DeFi TVL rankings, boasting an impressive $8.6 billion, up 64% QoQ.
In addition, Solana saw a staggering 213% QoQ growth in Chain GDP, increasing from $268 million to $840 million. The protocol’s applications raked in a whopping $367 million in November alone, marking the highest monthly revenue.
Solana’s stablecoins also saw a massive growth of 36% QoQ. With a $5.1 billion market cap, the stablecoins on Solana ranked 5th among the networks. Meanwhile, Solana’s liquid staking rate surged by 33% QoQ to 11.2%.
During Q4, the Solana price saw significant upticks, with the token reaching an all-time high of $257 in November.
January Marks New ATHs for Key Metrics
According to Blockworks Research, “Solana saw unprecedented on-chain activity in January, leading to all-time highs on several fronts.” These include Real Economic Value (REV), app revenue, DEX Volume, and Stablecoin Supply.
Notably, Solana’s REV hit a new ATH of $552 million in January, capturing a dominant 62% share of global on-chain transaction demand. Real Economic Value (REV) is a metric that gauges user demand for blockchain transactions, capturing the total value paid for executing transactions.
Similarly, applications on Solana had a record-breaking revenue of $517 million in the last month. The decentralized exchange (DEX) volume also hit a new ATH and a staggering 80% MoM growth, amounting to $339 billion. The stablecoin supply on Solana also increased by 128%, reaching $11.4 billion.
Interestingly, the Solana price reached a new all-time high of $261.87 in January, coinciding with the blockchain’s appreciable journey. Despite the current downtrend, analysts and traders remain optimistic that the Solana price will see an imminent rebound, surging past $200. As analysts remarked, if SOL surges past the resistance level, it could reach a new ATH.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Hedera Hashgraph’s Hedera (HBAR) token is currently facing downward pressure as the global crypto market is in turmoil. However, the HBAR price is poised for a notable upsurge, primarily driven by the platform’s major developments.
HBAR Price To Reach $1.9: Analyst Insights
Crypto enthusiast Merlijn The Trader shared an X post, predicting the HBAR price’s potential upswing. Positing that a higher move is imminent, the trader wrote, “HBAR is ready for liftoff.” According to his analysis, the HBAR price will reach a high of $0.3 in the near future.
Notably, Merlijn The Trader’s analysis highlighted HBAR’s robust retest of a crucial resistance level, maintaining its parabolic structure and gaining momentum for a potential upward move.
Meanwhile, another prominent figure, Solberg Invest, provided a more ambitious forecast. According to the crypto aspirant, the HBAR price could reach even the $0.9 mark.
Is History Being Repeated?
In his X post, analyst Rekt Capital, HBAR’s Relative Strength Index (RSI) showed overbought signs, similar to those seen in 2021. Thus, HBAR’s price has pulled back to a specific area, marked as an orange circle within the graph.
In 2021, when HBAR’s price stabilized around $1.5, it sparked a significant bullish rally. The rally pushed the token to a high of around $5. With HBAR currently hovering around the same level as in 2021, the analyst predicts a potential repeat of the previous rally, driving the token’s price even higher.
Meanwhile, CryptoELITES, a well-known analyst, has set an even more bold target of $75 for HBAR. As of press time, the HBAR is trading at $0.2442, marking a dip of 3.8% in a day. Over the last week and month, the token has seen massive declines of 21.4% and 22.6%, respectively. Only time will tell if the token can reach this lofty goal.
What Drives HBAR Price Surge?
“I think for this cycle, for example, a lot of people have been talking about the dinosaur altcoins, for example, that have caught a bid,” stated David Duong, head of research at Coinbase. Duong highlighted the surprising return of “dinosaur” altcoins, including HBAR, XRP, and Solana. According to him, the recent crypto crash has resulted in the rally of these tokens. Duong stated,
I think that money is going to finally go into an XRP, into a Cardano, into an HBAR. Hedera is great. It’s a great protocol, and I think anybody who goes in, especially right now, they’ll reap the benefits of it six to eight months down the line.
Similarly, Hedera has announced its first-ever HederaCon taking place on February 25, 2025, at The Arch in Denver, Colorado. These developments have significantly contributed to the HBAR price’s journey despite the current dip.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Altcoin
The Calm Before The Storm: Why The Dogecoin Price Is Preparing For Another Explosion Above $0.4
Crypto analyst Crypto Paradise has raised the possibility of the Dogecoin price recording another explosive rally above the psychological $0.4 level. The analyst highlighted a bullish pattern, which proves that the foremost meme coin could witness this parabolic move.
Why The Dogecoin Price Could Soon Rally Above $0.4
In a TradingView post, Crypto Paradise predicted that the Dogecoin price could soon rally above $0.4 and explained why this parabolic move was on the horizon. The analyst revealed that DOGE is currently forming a descending channel pattern, and things are starting to look “interesting” for the foremost meme coin.
He further remarked that the Dogecoin price had printed a bullish engulfing candle right on the supportive trendline, backed by bullish divergence and a key support zone. Crypto Paradise noted that these are all strong signals that a bullish move could be on the horizon for the foremost meme coin.
Crypto Paradise also asserted that the Dogecoin price is likely to bounce from the strong support zone if it witnesses further panic selling or a deeper retracement. However, to confirm this potential move to the upside, the analyst remarked that the market needs to witness a “bullish I-CHoCH,” a W pattern, or an inverse head and shoulders forming on the lower timeframes before considering a bullish move.
Meanwhile, on the flip side, the crypto analyst mentioned that this bullish outlook for the Dogecoin price could get invalidated if DOGE closes a candle below the strong support zone. If that plays out, he advised that it is best to step back and wait for a better price action to develop rather than forcing a trade.
Two Potential Scenarios For DOGE
In an X post, crypto analyst Master Kenobi outlined two potential scenarios for the Dogecoin price and its future trajectory. First, he stated that DOGE could repeat last year’s pattern, with a peak reached by the end of February. For the second scenario, the analyst stated that the foremost meme coin could repeat the August phase, where a pump follows an extended consolidation, with DOGE reaching its peak in April or May.
The crypto analyst remarked that he is leaning towards the second scenario. Considering the August phase, he noted that the Dogecoin price recorded a 6x price increase following a violent drop. Measuring a 6x move from DOGE’s current local bottom, Master Kenobi predicts that Dogecoin could rally to as high as $1.25 before its price peaks in mid-April or May.
The analyst also raised the possibility of a premature bear market scenario. However, he dismissed this as he opined that it isn’t wise to entertain such a possibility just yet considering that this is 2025.
At the time of writing, the Dogecoin price has been trading at around $0.26, which is up over 1% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Unsplash, chart from Tradingview.com
Cardano founder Charles Hoskinson has provided optimism for the crypto community amid the recent market crash. Hoskinson asserted that 2025 is crypto’s year despite this setback and explained why he holds such a belief.
Cardano Founder Explains Why 2025 Is Crypto’s Year
In an X post, Charles Hoskinson asserted that 2025 is crypto’s year. This came as the crypto founder gave an idea of how big the upcoming bull market will be for crypto.
The Cardano founder noted that the market had just absorbed a downturn that was larger than FTX and Luna’s collapse and has already nearly recovered. He also alluded to the liquidations recorded earlier in the week with $710 billion in losses and 740,000 traders liquidated in 24 hours.
Indeed, billions of dollars were wiped from the crypto market between Sunday and Monday earlier this week as traders offloaded their coins following Donald Trump’s tariffs on Canada, Mexico, and China.
However, as Hoskinson indicated, the crypto market showed strength in how it quickly reversed following the agreement between the US, Canada, and Mexico to halt these tariffs for one month.
The Bitcoin price, which had dropped to as low as $91,000 amid the crash, quickly rebounded and reclaimed $100,000 following the pause on these tariffs. Altcoins also showed strength with the Cardano price, which is one of the cryptos that recorded major gains following the market rebound.
Some Bullish Fundamentals For The Crypto Market
Several bullish fundamentals support the Cardano founder’s claim that this upcoming bull market will be huge for crypto. For instance, Donald Trump’s Crypto Czar, David Sacks, assured that he and his team are evaluating the possibility of creating a Bitcoin reserve.
The crypto market will also gain regulatory clarity as the US Securities and Exchange Commission (SEC) has set up a crypto task force. The task force will focus on clarifying the application of federal securities laws to the digital asset industry.
Ripple’s CEO Brad Garlinghouse also recently commented how Sacks and his team committing to passing legislation for crypto clarity is 100% a big deal. It is worth mentioning that Senator Bill Hagerty introduced the GENIUS bill yesterday, which is aimed at regulating stablecoins in the US.
From A Technical Perspective
From a technical perspective, crypto analysts have backed the Cardano founder’s claims as they predicted that the Bitcoin price and, ultimately, altcoins would rally higher.
Crypto analysts like Titan of Crypto have predicted that the Bitcoin price could rally to as high as $160,000 this year. Titan of Crypto recently asserted that the Bitcoin bull market is still intact. He further remarked that as long as BTC holds a monthly close above the 38.2% Fibonacci retracement level, the bullish trend remains valid.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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