Wrapped Solana priceSOL

“The market corrected” → After prices rose too fast or became overextended, the market pulled back downward. A correction is usually a healthy reset, not a crash. “SOL plummeted” → Solana (SOL) fell sharply, likely more than the overall market, which often happens to altcoins during corrections. What this typically means in crypto terms: Bitcoin or the overall market cools off → altcoins drop harder Traders take profits after a rally Leverage gets flushed (liquidations), causing fast drops Weak hands sell, strong hands look for re-entry zones Important nuance: A correction ≠ bear market “Plummeted” is dramatic language — it signals speed and size of the drop, not permanence Strong projects often recover after corrections if market structure

Solana remains under sustained bearish pressure after a strong rejection from higher Fibonacci resistance zones. The broader trend continues to favor sellers, with price now compressing near a major long-term demand area, where downside momentum is starting to slow. The decline accelerated after SOL was rejected from the $203 (0.618 Fib) and $225 (0.786 Fib) resistance levels. This rejection marked the start of a sharp breakdown, pushing price below key structural support and triggering a multi-week downtrend. EMA Structure (Strongly Bearish) SOL is trading below all major moving averages, confirming bearish market control: 20 EMA — $131.81 50 EMA — $145.12 100 EMA — $160.51 200 EMA — $168.95 All EMAs are stacked above the current price and sloping downward, forming a heavy resistance cluster that SOL must reclaim to shift momentum. Current Price Action & Support Zone SOL is currently hovering just above the $121–$126 demand zone, aligned with the Fib 0 level at $121.83. This area has historically acted as strong support, and buyers are attempting to stabilize price here after an extended sell-off. So far, sellers have failed to push price decisively below this zone, increasing the probability of a short-term relief bounce, though confirmation is still lacking. Bullish Recovery Levels For any meaningful recovery, SOL must reclaim the following levels: $152.74 (0.236 Fib) — first stabilization level $171.99 (0.382 Fib) — trend recovery attempt $187.55 (0.5 Fib) — major supply zone A full trend reversal would require a clean break and hold above $203.11 (0.618 Fib), where previous sell-offs originated. Downside Risk Scenario If SOL loses the $121–$126 support zone, downside risk increases significantly, with the next major support located near: $112.50 (macro support) A breakdown below this level could expose SOL to deeper corrective territory. Momentum Indicator RSI (14): 42.26 RSI remains below the neutral 50 level, indicating weak momentum, though selling pressure has slowed compared to previous weeks. 📊 Key Levels Summary Resistance $152.74 (0.236 Fib) $171.99 (0.382 Fib) $187.55 (0.5 Fib) $203.11 (0.618 Fib) $225.26 (0.786 Fib) Support $121.83 (Fib 0 / major demand) $112.50 (macro support) 📌 Summary Solana is trading at a critical long-term support zone after a prolonged bearish move. While downside momentum is weakening and a relief bounce is possible, the broader structure remains bearish as long as SOL stays below the $152–$172 resistance range and EMA cluster. Bulls must reclaim key Fibonacci levels to confirm recovery, while failure to hold current support could open the door to $112.50. $SOL

Can SOL Reverse The Massive 40% YoY Price Collapse? Solana price is down by a lot. The Solana chart has closed with red candles for 3 months straight, leaving many traders in disbelief over how bad the price action has been. When you zoom out, something feels off. With only 11 days left in 2025, SOL is still set to surpass ETH in annual revenue for the first time. This is mainly due to the strong start of the year. In recent months, however, these metrics have declined significantly. Total Solana traders are down 87% from the January highs, falling from 4.8 million active wallets to just 624,000.

SkyBridge Capital founder Anthony Scaramucci said he still sees a path to Solana reaching $2,500 over a five-to-ten-year horizon, arguing that tokenization plus clearer US regulation could turn Solana into a core financial “rail system.” Scaramucci made the remarks in an interview with SolanaFloor filmed during last week’s Solana Breakpoint conference and released on Dec. 18. Why Solana Is Still Poised For $2,500 Scaramucci framed the $2,500 thesis as a long-duration bet that won’t play out cleanly. “It’s not going to come without… volatility,” he said, pointing to what he called a messy US regulatory year and sticky inflation as headwinds that “probably slowed down our trajectory.” “If you had asked me at the beginning of the year” whether Washington would pass stablecoin legislation and “the market structure, the CLARITY bill,” he said he would have expected both. “That did not happen.” Still, he argued “the timing is still right,” with the caveat that price will likely remain jumpy until those macro and regulatory variables resolve. Related Reading Solana (SOL) Support Shattered, Potential $100 Test Looms, Says Analyst 10 hours ago To explain the patience required, Scaramucci leaned on a tech-investing analogy, recalling Amazon’s drawdowns by 90% before mass adoption. The lesson, in his words: stay with “great technology” through uncertain stretches because durable infrastructure eventually gets adopted. Asked what surprised him most this cycle, Scaramucci singled out the Trump and Melania memecoins. He described their Solana launch as “a compliment to Solana” because it was selected for “ability to handle large scale large volume transactions with great certainty and finality.” But he also argued the episode backfired on policy. “I think those coins slowed down the regulatory process in the US,” he said, suggesting that the optics of a US president entering the memecoin business created a political “foil” that opponents could use to resist crypto bills. “I think we would have gotten everything that we wanted this year had the president sort of stayed out of the meme coin business,” he added, calling it “short-term regulatory” damage. He also claimed the memecoin surge “sucked out all the liquidity from a lot of the altcoins,” which he said “hurt the industry,” even as it showcased Solana’s throughput. Tokenization Is The Endgame Scaramucci’s core argument was simple: tokenization is coming, and Solana is positioned to host a meaningful share of it. He said Paul Atkins, whom he described as a longtime personal friend, delivered what Scaramucci considers an underappreciated prediction: “In 5 years all of our assets are going to be tokenized.” Scaramucci then pushed his own conclusion: “What’s going to be the number one rail system to tokenize on? It’s going to be Solana.” He argued superior systems tend to win through adoption, not ideology. “If you have something that works better than something else, it gets adopted,” he said, comparing Solana’s trajectory to the internet’s jump from dial-up to today’s high-bandwidth reality. He also flagged operational progress on the network. “I don’t want to jinx us,” he said, but suggested Solana had gone “two years now without any” downtime. Related Reading Solana Value Proposition Extends Beyond Tech Into Economic Infrastructure 20 hours ago SolanaFloor challenged Scaramucci on why SkyBridge tokenized a $300 million fund on another chain. Scaramucci said it was “a very small fund,” and that a larger fund “will likely get tokenized on Solana.” He also rejected maximalism: “I don’t believe in chain monogamy,” he said. His view is that “three or four chains” will win, naming Solana and Avalanche. He argued Avalanche can be attractive for certain compliance-driven deployments, while Solana is where “stocks and bonds are going to be tokenized” and where “the larger funds are going to be tokenized.” Scaramucci also disclosed his personal positioning: “My largest personal position even greater than Bitcoin is my position in Solana and I have it all staked,” he said, adding he owns Avalanche and Bitcoin and holds a “very small position” in Ethereum. Scaramucci tied the next leg of the cycle to US policy and liquidity. If the US passes market-structure rules next year, he said, prices should respond. If inflation cools and the Fed can cut more aggressively under a new chair, he argued that would add liquidity and reinforce a “positive flywheel.” At press time, SOL traded at $125. Solana trades between key trend line and the 200-week EMA, 1-week chart | Source: SOLUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com