Solana (SOL) Price Prediction 2022-2025: Will SOL Reach $1000?

Solana (SOL) price has resumed selling pressure after reaching the overhead resistance level of $260. SOL price long term prediction: bearish

Solana (SOL) price resumed selling pressure after reaching the overhead resistance level of $260. The selling pressure has been reiterated as the altcoin faces further rejection at its high of $240. Moreover, the bears have broken the 21-day SMA support, suggesting that the cryptocurrency will continue to fall.

On November 26, a retraced candlestick body approached the 50% Fibonacci retracement level. The retracement pattern shows that Solana will continue to fall to the low of the 2.0 Fibonacci extension, i.e. $185.

Meanwhile, the altcoin is falling slightly to the downside. Solana is now valued at $228.

Solana price long term prediction: bearish

Solana is slipping below the 21-day SMA but is still above the 50-day SMA. The cryptocurrency is stuck between two moving average lines. It is currently approaching the 50-day SMA support. Despite the decline, the moving average lines are still leaning north.

Technical indicators

Key supply zones: $200, $220, $240

Key demand zones: $120, $100, $80

What's the next move for Solana?

On the 4-hour chart, Solana has fallen below the moving average lines, indicating that the price of the cryptocurrency will continue to fall. Indecisive candlesticks with small bodies dominate price activity, resulting in the altcoin trading at a low level. According to the price indication, the market will reach a low of $185.