Despite the current slump the $1,000 target for the Solana price prediction is still in play as on the higher time frames, SOL’s price action remains bullish. It’s no secret that Solana has been struggling amid the market-wide turbulence, which significantly impacted its price action and tanked investor confidence. However, bullish experts believe the project could be on track to recover in Q2.
Solana Price Prediction — Could April See A Reversal?
After hitting a new all-time high at $293, Solana (SOL) entered a downward channel, with its price breaking below critical support levels. Analysts attribute this bearish phase to fears of an all-out tariff war between the US and several other countries, including Canada and China. The cooling off of the booming Solana meme market also played a key role, as meme fatigue has tangibly set in, with investors adopting a more cautious stance amid the looming uncertainty.
At the time of writing, Solana trades at $124, following a significant 4% intraday decline, and has been locked in a narrow trading range for the past month. At the start of the week, Solana began showing signs of life again, reaching a local peak of $145, however, momentum quickly fizzled out, and those gains were quickly reclaimed by the market.
Source: CoinMarketCap
Although Solana is now stalling, analysts believe that the bottom is in, and further declines are unlikely, as it’s now resting on a yearly support level from which the price has always rebounded.
Solana’s 4-hour RSI is now entering oversold territory, at 33 points, which signals that selling activity is rapidly waning, and a rebound from here could be in store if buyers step in decisively.
Source: CryptoWaves
As accumulations around these levels continue, analysts believe that Solana could be on the verge of a long-awaited reversal. Ether Wizz points out that Solana is now preparing for a breakout, but for this to happen the $180 resistance must be flipped into support for bullish continuation to be confirmed.
Furthermore, analyst and trader CW draws attention to a cup-and-handle formation appearing on the Solana chart. Typically, this is a bullish pattern that often foreshadows exponential price surges. If this scenario plays out, Solana could rally to new heights as the cycle progresses, with the $1,000 milestone becoming a real possibility at the peak of the bull run.
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Source: https://cryptodaily.co.uk/2025/03/solana-price-prediction-want-to-know-when-sol-is-expected-to-hit-1000