Solana is paving the way for crypto majors with a solid green day while most other assets tread water.
This Solana price prediction explores whether $SOL can keep rising and also examines the potential for a new Solana ecosystem token called Solaxy.
Solana Gains While Bitcoin, Stocks Struggle
If relative strength is any indication, Solana could be set for a huge rally in the coming weeks.
The past 24 hours have not been kind to the US stock market. Yesterday, over $1.5 trillion of market capitalization was wiped out. For perspective, that’s over 50% of the entire crypto market’s valuation.
While stocks struggled, Bitcoin managed to maintain its status as a safe-haven asset, largely sidestepping the crash to breakeven.
But while stocks struggle and Bitcoin stands still, Solana has just exploded to the top of its trading range.
At its peak, Solana gained 5% on Wednesday. And at press time, it trades at a 3% daily premium and is up 12% this week, more than any other top ten crypto.
Something appears to be brewing inside the Solana ecosystem.
And adding to the excitement, analyst Greg Miller noted that Solana is breaking a higher-time-frame downtrend, which it has grappled with since January.
Wait a sec… is anyone else seeing this breakout on $SOL? 👀
Finally pushed through that long-standing downtrend.
Retest looks healthy too.Are we back in business or just another fakeout?#SOL pic.twitter.com/WOIgprVAT6
— Greg Miller (@greg_miller05) April 16, 2025
With relative strength and a strong price chart, Solana appears in a solid position to continue rising in the months ahead, but how high can it go?
$SOL to $500 After “Bullish Signal”
A prominent analyst who goes by Hov has noticed a “bullish signal” on the Solana price chart and believes this could kick-start its next uptrend.
He noted that the recent push from Solana’s support level showed much strength, indicating that $SOL could soon break its current near-term trading range.
When it does break out, the analyst anticipates a move toward $200, followed by a brief retracement and then a blow-off top to $500.
Taking a shorter time frame outlook, Scient says that provided the $120 level holds, Solana could well rally to $170-$180 in the coming weeks.
Solana’s reclaim of $120 and subsequent retest of the level as support shows real strength on its price chart.
$SOL Looks really good on 1D.
• Reclaimed daily OB cluster.
Hold above $120, and I think we see a squeeze toward $170 – $180.#SOL #SOLUSDT pic.twitter.com/e07T7vy7yc
— Scient (@Crypto_Scient) April 16, 2025
Recently, Solana has looked impressive. It’s not just its weekly 12% gain; it’s also about decoupling from stocks and Bitcoin. This indicates that Solana has serious mindshare right now, and as other asset classes recover, it could well be among the top gainers.
But as Solana sees growth, a new ecosystem token called Solaxy has just broken new ground.
Biggest Solana ICO Ever Raises $30M – is Solaxy the Best Crypto to Buy Now?
Solaxy is building the world’s first Solana layer 2 blockchain.
It aims to tackle the network’s pressing congestion issue, which will help it function without a hiccup.
During peak network activity, Solana validators cannot process all transactions, leading to longer wait times and increased failure rates. Solaxy will use off-chain computation and transaction bundling technology for cheaper, faster, and more reliable throughput.
It’s a setup that could enhance Solana’s current use cases and pave the way for new ones. This could prove highly lucrative for $SOLX.
Solaxy could potentially unlock billions of dollars in value for Solana, which is why traders are scrambling to buy. The project is undergoing a presale and has raised over $30 million so far, more than any other Solana ICO in history.
Analysts believe the token has huge potential once it lists on the open market. For instance, Cryptonews analysts said its price could increase by 100x.
However, the Solaxy presale price will rise throughout the ICO, with the next uptick in under one day.
This means that traders seeking the most upside potential must act fast.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Editor-in-Chief of CoinCentral and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact Oliver@coincentral.com
