Solana Price Prediction for Today, February 3 – SOL Technical Analysis

The Solana price prediction shows that SOL remains strong despite recent developments, including the decline in hype following certain ecosystem events.

Solana Prediction Data:

• Solana price now – $210.50
• Solana market cap – $214.32 billion
• Solana circulating supply – 486.96 million
• Solana total supply – 593.25 million
• Solana Coinmarketcap ranking – #5

Getting in early on a crypto project can often lead to massive gains, and Solana (SOL) is a prime example of this. Since its all-time low of $0.5052 on May 11, 2020, SOL has skyrocketed by an astonishing 41,575.77%, reaching a high of $210.34 in the past 24 hours . Even after pulling back from its all-time high of $294.33 recorded just 15 days ago, SOL remains one of the most remarkable success stories in the crypto space. Those who recognized its potential early on have seen life-changing returns—proving that timing can be everything in crypto investing.

SOL/USD Market

Key Levels:

Resistance levels: $250, $260, $270

Support levels: $160, $150, $140

SOLUSD – Daily Chart

SOL/USD is experiencing notable price movements, with significant liquidations contributing to ongoing volatility. Looking at the daily chart, Solana shows resilience despite the broader bearish sentiment in the crypto market. The price currently tests the $175 – $200 support zone, a critical level that has historically acted as strong demand. However, multiple technical factors reinforce this zone, including psychological support and the trendline of the lower boundary.

Solana Price Prediction: Would SOL Spike to the North?

According to the daily chart, the Solana price shows that it is currently trading at $210.50, rebounding slightly after testing the lower boundary of the ascending channel. However, the recent bearish move saw the price break below both the 9-day MA ($225.30) and the 21-day MA ($232.29), signaling a potential short-term downtrend. Meanwhile, the price found support near the trendline, suggesting that buyers are stepping in to defend the bullish structure. Therefore, if SOL maintains this support, traders could see a recovery toward the 9-day MA and possibly a retest of the 21-day MA, which may act as resistance in the short term. A confirmed break above these levels could push SOL back toward the key resistance levels of $250, $260, and $270 respectively, aligning with the upper channel boundary.

On the downside, if selling pressure intensifies and SOL breaks below the lower trendline support, the next critical support levels to watch would be $160, $150, and $140. Moreover, the increased volume of recent bearish candles suggests heightened selling interest, which could lead to further declines if bulls fail to sustain the current rebound. A break below $180 would invalidate the ascending channel pattern and shift market sentiment toward a deeper correction. Meanwhile, traders should closely monitor how SOL behaves near its moving averages and whether it can reclaim key resistance levels to confirm a bullish continuation.

SOL/BTC May Head to the Upside

Against Bitcoin, the Solana price is currently trading at 2143 SAT, following a rejection from the upper boundary of the descending channel. The price recently dipped below the 9-day MA (2140 SAT) and remains below the 21-day MA (2268 SAT), indicating that bearish pressure is still present. Therefore, if the price fails to reclaim these levels, SOL/BTC could continue its downward movement toward the support level of 1650 SAT and below, which aligns with the lower boundary of the channel. However, the recent increase in volume on the bearish candles suggests that sellers are still in control, making a deeper correction likely if demand does not increase.

SOLBTC – Daily Chart

Nevertheless, if SOL/BTC finds strong support around the current levels and manages to reclaim the 9-day MA, a short-term recovery toward the 21-day MA could be expected. Meanwhile, a confirmed breakout above this moving average could push the price back toward the resistance level of 2450 SAT and above, aligning with the upper trendline of the descending channel. In other words, bulls need to maintain momentum above the current level to invalidate the overall bearish structure. Until then, the price remains at risk of further downside, with traders closely monitoring whether SOL/BTC can hold above key support levels to confirm a potential reversal.

Nonetheless, The crypto analyst @CryptoCaesarTA informed his followers on X (formerly Twitter) that $SOL – #Solana is likely to bounce soon, in his opinion. He also shared two key levels of buying interest where he expects strong support and potential upward momentum, suggesting an opportunity for traders to accumulate before a possible price rebound.

Alternatives to Solana

From a trend perspective, Solana no longer follows the clear uptrend it exhibited between October 2023 and March 2024. The market structure lacks higher highs and higher lows, indicating the absence of strong bullish momentum. On that note, Wall Street Pepe ($WEPE) is a cryptocurrency project inspired by the popular Pepe meme culture, aiming to capitalize on the growing trend of meme coins in the crypto space. It has gained significant investor interest due to its rapid presale success, surpassing expectations with millions in daily sales and a hard cap of $68.1 million.

Wall Street Pepe 15x Price Predictions And How To Claim WEPE

Predictions for $WEPE’s price indicate potential high returns, with estimates ranging from a 700% gain in 2025 to a 1,500% increase by 2030. Investors can buy $WEPE using crypto or a card, and once the claiming phase begins, they will be able to retrieve their tokens through a simple process . The project is marketed as an opportunity for substantial gains, attracting both retail and institutional investors aiming to profit from its projected growth.

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