Could Solana Price Crash Below $100 Now After SOL Futures ETF Launch?

Solana price has had a tough time in the past few weeks as it collapsed nearly 65% since mid-January. However, this bearish outlook could flip on its head after the approval of SOL futures ETF. But is this enough to prevent the price of Solana from collapsing below $100? 

Let’s explore Solana price prediction and key levels to watch ahead as institutions will soon be able to buy and selling SOL via ETFs.

Two futures Solana ETF products namely, Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT) will be available to US participants soon, according to reports. Despite this bullish fundamental development, the outlook of Solana price remains bearish, with a potential for further descent. Will the selling pressure crash SOL price below $100?

Solana Price Prediction: Is SOL at Risk of Crashing Below $100?

From a technical perspective, the daily chart shows Solana price is bouncing off the key support level at $125.31. This key structure served as a stable footing for price from March to September 2024. Hence, a retest of this level is likely to absorb any short-term selling pressure, increasing the odds of a bounce. 

So expecting a further descent in Solana price is unlikely as long as the $125.31 support level holds. However, a decisive daily candlestick close below it, would signal a breakdown of this critical foothold. Such a development suggests that the buyers failed to establish control and the outlook is now bearish. In this condition, SOL’s value could easily visit the next critical support level at $100.

Considering the current market conditions, where Bitcoin’s (BTC) directional bias is slightly bullish, the chances of SOL price breaching below $100 are equally high. However, help from BTC bears could easily crash Solana below the aforementioned key support level.

Key Resistance Levels To  Watch

If Solana price fails to break $125.31, then the outlook remains bullish. In such a case, a flip of the $136 hurdle into a support floor could send SOL price to $152.70 after a 12% rally. If the bullish momentum sustains, Solana bulls may extend the uptrend to $179 and $186 resistance levels. This move would constitute a 35% gain from $136.71

Solana price is currently at risk of crashing below $100 due to the overall bearish market conditions, but the launch of SOL ETF futures could potentially increase demand and impact the price.

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Akash Girimath

Senior Cryptocurrency Analyst & Market Strategist
Engineer-turned-analyst Akash Girimath delivers data-driven insights on cryptocurrency markets, DeFi, and blockchain technology for platforms like AMBCrypto and FXStreet. Specializing in technical analysis, on-chain analytics, and risk management, he empowers institutional investors and retail traders to navigate market volatility and regulatory shifts.

A hands-on strategist, Akash merges active crypto portfolio management with research on Web3, NFTs, and tokenomics. At AMBCrypto, he led cross-functional teams to redesign content frameworks, achieving record-breaking traffic growth through scalable editorial strategies. His analyses dissect market sentiment, investment strategies, and price predictions, blending macroeconomic trends with real-world trading expertise.

Known for mentoring analysts and optimizing workflows for high-impact reporting, Akash’s work is cited across global crypto publications, reaching 500k+ monthly readers. Follow his insights on YouTube, X, and LinkedIn for cutting-edge perspectives on decentralized ecosystems and crypto innovation.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.