In recent weeks, Solana's price seems to have bottomed out according to analysts and market trends. Let's explore the latest data and historical performance to understand what to expect next.
Solana Profit-Taking Distribution Per Glassnode Data
Market data platform Glassnode has highlighted significant shifts in SOL distribution, suggesting investors may be exiting on declines. Glassnode's studies show a considerable portion of SOL has migrated into lower price clusters, indicating potential profit-taking near recent highs.
Solana Historical Performance in Q2
Cryptorank data indicates that Solana had a bearish performance in Q1 2025, declining by 34.1%. However, historical data hints at potential improvement in April, with an average increase of 8.6%. Last year, Solana demonstrated both significant rises and decreases.
Solana Price Predictions by Analysts
Analysts believe SOL's technical indicators suggest a potentially positive trend. According to analyst Ali Martinez, breaking the $145 level is essential to remove the bearish trend. Other experts note corrections on the RSI and possible movement towards the $150-$180 price range.
Despite current fluctuations, analysts are optimistic, asserting that Solana's price could stabilize given certain conditions. Historical trends and current market indicators provide confidence in potential future growth.
