Today, October, 8, 2025, Solana is trading at $222. SOL price analysis by Coinidol.com.
Solana price long-term prediction: bullish
Solana’s (SOL) price has risen above the moving average lines since its rally on October 2. The cryptocurrency price reached a high of $237 before being halted. The upward trend has been hindered by resistance at $240. Solana is trading above the moving averages but remains below the $240 resistance level.
On the downside, the price found support at the 21-day SMA. However, if the bears push the price below the 21-day SMA, Solana could return to its previous lows of $215 and $190. If buyers break through the $240 barrier, the altcoin is likely to revisit its previous highs of $253 and $260.
Technical indicators
-
Key supply zones: $220, $240, $260 -
Key demand zones: $140, $120, $100
SOL price indicator analysis
The price is above the moving average lines as the altcoin resumes its bullish trend. Both charts show the 21-day SMA above the 50-day SMA, indicating an upward trend. On the 4-hour chart, the bears have broken the 21-day SMA support, attempting to push the price below the current support.
SOL/USD daily chart – October 7, 2025
What is the next move for Solana?
Solana price has been moving sideways since the rise on 2 October. On the 4-hour chart, the altcoin is trading above the moving averages but below the $240 high. The bears currently have the upper hand, as bulls buy on dips whenever the 21-day SMA support is breached. The altcoin is expected to rise once the price closes above the 21-day SMA.
SOL/USD 4-hours chart – October 7, 2025
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.