Solana Price Forecast - SOL-USD Slides to $137 as Death Cross Ignites Risk Toward $95

Solana SOL-USD Structural Breakdown As Price Slides From $253 Toward The $137 Zone

Solana SOL-USD is undergoing one of its sharpest structural declines of 2025, falling from the September peak of $253 to $137.29, a breakdown validated by every critical technical signal on the chart. Price has fallen out of its ascending channel, confirming a trend reversal, while the 50/200 EMA death cross cements the shift from momentum-driven strength to sustained bearish dominance. The RSI drop to 32 shows exhaustion, but not true capitulation, and the ADX spike to 41 highlights the strongest bearish trend since late last year. The break beneath the Supertrend and Ichimoku cloud confirms heavy control by sellers, placing the next major support at $125, with a failure likely opening a direct slide to $100.

Solana SOL-USD Activity Divergence And On-Chain Fragmentation Across Network Demand

On-chain metrics reveal a split ecosystem: transactions surged 10% in 30 days to 1.8 billion, and active addresses climbed 19% to 63.4 million, but higher-intent participation is shrinking. Broader ecosystem activity collapsed from 7 million in June to 3.15 million, a decline tied directly to fading meme-coin speculation and lower speculative throughput. This divergence undermines the quality of demand supporting SOL-USD at current levels, with users present but conviction weakening.

Solana SOL-USD Institutional ETF Flows Near $382 Million As Price Weakness Intensifies

ETF participation remains strong despite deteriorating spot momentum. Since October 28, inflows reached $382 million, with Bitwise accumulating $357 million and Grayscale securing $24 million, combining for $446 million in total net assets. Under normal conditions, such inflows would anchor price stability—yet the fact that SOL-USD trades sharply below its $253 high despite nearly $400 million in institutional accumulation shows just how aggressive spot and derivatives selling pressure has become.

Solana SOL-USD Liquidity Gap Below $144 And Structural Vulnerability In Realized Distribution

The realized distribution map exposes a critical liquidity void beneath $144, confirming what price action has already signaled: very few buyers historically accumulated in this zone. This creates a structural air pocket where breakdowns accelerate violently. The next meaningful cluster of demand does not appear until near $100, with $95 serving as the deeper downside magnet. Losing $144 would not be an ordinary dip—it would be a structural failure.

Solana SOL-USD Liquidity Blockade At $150 As Short Clustering Caps Upside Attempts

SOL-USD remains trapped under one of the most important short-term levels on the chart: $150. Liquidity maps show a massive stack of shorts defending this region, repeatedly rejecting upside attempts. If bulls succeed in forcing a reclaim above $150, short covering could propel price into $160 and toward $171–$177, the critical resistance band that defines trend reversal. Until this breakout occurs, all upward movement remains corrective.

Solana SOL-USD Leverage Market Reset As Open Interest Collapses From $17B To $7.2B

The futures market confirms the system-wide reset. Open interest imploded from $17 billion at peak to $7.2 billion, eliminating two-thirds of leveraged positioning after October’s liquidation wave. With leverage gone, upward moves lack mechanical amplification, forcing SOL-USD to rely solely on spot buying and ETF flows—neither of which currently overpower the bearish technical structure.

Solana SOL-USD Declining Stablecoin Supply And DEX Volume Undermine Network Liquidity

Two liquidity metrics highlight structural weakness:
— Stablecoin supply fell to $12.9B, down from $15.4B.
— DEX volume crashed to $64B, down from $148B in a single month.

These declines reduce transactional liquidity, weaken price support, widen slippage, and make SOL-USD more reactive to downward volatility.

Solana SOL-USD Macro Consolidation Pattern Remains Intact Beneath Multi-Month Resistance

In the widest time frame, SOL-USD still forms a rounded macro base beneath a multi-month resistance ceiling. Price continues compressing under the same upper band, building latent energy for the next major breakout phase. The long-term structure remains constructive, but near-term fragility dominates until higher lows form or resistance zones break decisively.

Solana SOL-USD Bearish Projection Structure Points To $95 As A High-Probability Target

The corrective structure remains fully active as long as SOL-USD trades beneath $160–$177. With repeated rejections and lower highs defining the trend, downside remains open toward $95, aligning with the demand gap and declining liquidity environment. Only a full reclaim and close above $177 neutralizes the bearish cycle.

Solana SOL-USD Market Rotation Toward AI Networks And PayFi Tokens Reduces Demand Pressure

Capital is rotating away from L1s like Solana and into narrative-driven sectors:
— DeepSnitch AI surged 51%, surpassing $530K in inflows.
— Remittix raised $28M and dominates PayFi attention.
— Chainlink holds firm at $14, with analysts projecting $100–$250 next year.

As liquidity flows outward, SOL-USD loses marginal bidding power—crucial during downtrends.

Solana SOL-USD Market Snapshot Highlights Contraction Across Price, Volume, And Participation

SOL-USD trades at $137.29, down 2.54%, with market cap at $78.98B and trading volume collapsing over 60% to $3.91B, confirming a contractionary environment with limited spot support.

After restructuring every data point—technical breakdowns, liquidity gaps, ETF inflows, volume deterioration, leverage resets, on-chain demand shifts, macro compression, competitive rotations, and stablecoin contraction—the conclusion is clear:

SOL-USD is a HOLD leaning BEARISH short-term.

Upside requires reclaiming $150, then $177.
Downside accelerates beneath $144, targeting $125 → $100 → $95.

Long-term structure remains viable, but short-term risk dominates until trend signals reverse

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