Author
Ahmed Balaha
Author
Ahmed Balaha
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21Shares is launching its Solana ETF today with $100M to start, which is pretty good news. What’s interesting is that SOL ETFs have now seen 16 days straight of money flowing in; yesterday alone brought in $26.2M, and total inflows are sitting over $867M. Clearly, institutions are interested.
But here’s the thing, the actual price action tells a different story. Bitcoin is down like 27% over the past 6 weeks, wiping out over a trillion dollars in market cap and basically erasing all its gains for the year. Solana price? Even worse, it’s down 40% year to date. And the on-chain activity backs up the bearish period.
Active addresses on Solana recently hit their lowest level in almost a year, dropping to 35.9 million. A lot of that’s because the memecoin craze seems to be cooling off. So now everyone’s wondering, is this just a temporary pause, or are we looking at a bigger shift for Solana?
Solana Price Prediction: Is SOL Going Back to $30?
Solana’s price is currently testing the upper boundary of its descending channel at $144. That downtrend through November was rough, but it might finally be ending.
Around November 18-19, a potential double bottom pattern formed in the $130-132 range, which is typically a bullish reversal signal. After hitting that low, SOL has been moving sideways in a tight range around $141-146 for the past few days, suggesting indecision in the market.
The technicals are showing some cautious optimism; the RSI is sitting at 55.61, which suggests mild bullish momentum. If SOL can push through and break above this descending channel with conviction, we could see a run toward $150 and potentially back to that $170 resistance level.
An acceptable scenario would be consolidating around these levels for more time, allowing the base to strengthen. What’s not acceptable is breaking under $130, because things could get ugly fast. If that support fails, predictions for new lows will get louder, and some are even talking about a return to $30.
SUBBD Might Be the Better Bet While Solana Struggles
With Solana chopping around and the entire market stuck in a phase of uncertainty, a lot of traders are shifting their attention toward projects that can grow regardless of price action. SUBBD is quickly becoming one of those standouts.
SUBBD is building a hybrid crypto plus AI-powered media platform that gives creators something Web2 never could: direct ownership, real monetization, and a community that actually shares in the upside.
Instead of platforms taking the majority of revenue, SUBBD routes value back to the people creating it.
Momentum is already building. The project has raised 1.34 million dollars so far in its presale, and staking is sitting at a clean 20% APY.
If you’re looking for something with real upside and a stronger narrative than just price action alone, SUBBD is positioning itself as one of the more interesting new players moving into 2025.
Visit the Official Website Here
https://cryptonews.com/news/solana-price-prediction-1-trillion-wiped-from-crypto-is-sol-going-back-to-30/
