Solana’s price has dipped 16.5%, which analysts see as a potential buying opportunity.
A new $5 billion funding deal has been announced to accumulate SOL for a corporate treasury.
The outlook is also supported by high odds for a spot ETF and major network upgrades.
Solana’s native cryptocurrency, SOL, has been the subject of bullish predictions since the beginning of 2025. Although the cryptocurrency has yet to rediscover last year’s bullish momentum, most analysts and prediction softwares believe SOL will push higher this year and potentially achieve new heights.
In the meantime, Solana suffered a notable pullback in the past few days, leading to a 16.5% collapse in price. The latest pullback plunged SOL into the daily support region around $140 after the price rose to $168 as of last Wednesday. The support level coincides with Solana’s 50% Fibonacci retracement from the latest significant rally.
Solana Price Pulls Back to Key Technical Support
Solana’s price action has been impressive in recent months. The token resumed an upward movement on April 7, 2025, after bouncing off a $95 yearly low.
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