Solana price has retreated sharply from its highest level this month, mirroring Bitcoin and other altcoins. SOL dropped to a low of $130, down by 10% from the year-to-date high of $146 and 47% below its 2025 high. This SOL price prediction explains what to expect and why it may rebound soon.
Solana Price Retreats, But Key Metrics are Soaring
Data compiled by Nansen and DeFi Llama shows that Solana’s network is firing on all cylinders ahead of the upcoming Alpenglow upgrade.
The network’s fees have jumped sharply in the past few months, reaching a high of $18.6 million in the last 30 days. This growth makes it the second-most-profitable chain in the network, after Tron, which made $27 million in the same period.
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Solana’s active addresses jumped by 20% to over 72 million, higher than Ethereum’s 13.2 million. BNB Smart Chain (BSC) had over 42 million in the same period. Additionally, the network handled 1.8 billion transactions in this period.
Solana has become a big player in other parts of the blockchain industry. For example, it has become the biggest chain in the decentralized exchange (DEX) industry, helped by top exchanges like HumidiFi, Pump, and Meteora. Also, its stablecoin transactions and volume have jumped in the past few months.
Solana is also seeing strong demand from global investors. Recent data showed that Solana recorded the largest inflow in weeks, amounting to about $45.5 million.
Solana has other catalysts in the coming weeks, including the launch of the Alpenglow upgrade. Alpenglow will be a key upgrade that will boost its performance and completely overhaul its architecture.
Solana Price Technical Analysis
The four-hour chart shows that the SOL price rose to a major barrier near the $150 key resistance level. It has now pulled back about 10% to $133.
A closer look reveals that the coin has formed a cup-and-handle pattern, a common bullish continuation pattern in technical analysis. The ongoing retreat is part of the handle section.
Therefore, the most likely SOL price prediction is bullish, with an initial target of $140. A move above the key resistance level at $148 will confirm the bullish breakout and signal further gains, potentially to the psychological $200 level.
On the other hand, a move below the key support level at $130 will invalidate the bullish outlook and point to a drop towards $100.
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