Solana Price Prediction: Selling Pressure Is Rising — Could SOL Drop Toward $65?
The price of Solana (SOL) has looked surprisingly calm lately.
Over the past 30 days, the token has only slipped around 1.4%, which might suggest the market is stabilizing. But when you zoom out, the bigger picture tells a different story.
So far this year, SOL is still down more than 30%, and each rebound since January has quietly formed lower highs. That pattern often signals lingering weakness beneath the surface.
Now, another warning sign is beginning to appear in the derivatives market.
Funding Rates Turn Negative Again
One of the most closely watched indicators in crypto derivatives trading is the funding rate. Recently, Solana’s funding rate has remained negative for an extended period.
When funding rates stay negative, it means short sellers are dominating the market, and they are effectively paying traders who hold long positions.
This kind of pattern has appeared before.
Between February 2022 and February 2023, Solana experienced its longest stretch of negative funding rates. During that time, SOL eventually collapsed to a cycle low of about $7.
Interestingly, near the end of that period, prices began to recover even while funding stayed negative. What followed was a massive rally that carried Solana from $7 all the way to $209.
Today, a similar pattern appears to be forming again. Since late October 2025, funding rates have stayed negative for roughly 21 weeks.
At first glance, that might look like history repeating itself.
But there’s one important difference.
The Market Lacks Leverage
This time, the derivatives market looks much lighter.
Open interest across Solana derivatives markets has fallen sharply—from about $7.58 billion in September 2025 to roughly $1.9 billion today.
Without significant leverage in the system, the market lacks the fuel that usually powers large short squeezes.
That means even if sentiment improves, the explosive upside seen in previous cycles may be harder to trigger.
Meanwhile, on-chain data is flashing another warning.
Exchange Inflows Are Surging
According to data from Glassnode, the number of SOL tokens flowing onto exchanges has risen sharply since February.
Daily inflows have jumped from about 245,000 SOL to more than 2.2 million SOL in just a month—an increase of roughly 800%.
Typically, when large amounts of crypto move onto exchanges, it suggests investors may be preparing to sell.
Combined with the current chart structure, that trend could signal more downside risk.
Could SOL Fall to $65?
On the technical side, SOL has been slowly moving higher inside an ascending channel since early February.
At first glance, this looks like a bullish pattern. However, the channel formed after a sharp drop from around $148 to $68, which means it could simply be a temporary recovery within a broader downtrend.
In other words, the market may just be grinding upward while overall weakness persists.
If selling pressure continues and exchange inflows remain high, Solana could still be searching for a deeper bottom.
Key support levels currently sit around:
$80 – the first level bulls need to defend
$75 – a stronger support zone below it
If those levels break, the chart suggests the next potential downside target could be around $65.
On the other hand, the outlook would improve significantly if SOL manages to break above $92.
A move past that level would invalidate the current series of lower highs and could open the door for a stronger recovery toward $106 and possibly $120.
Traders Look for Higher-Risk Opportunities
As Solana fights to hold support near $80, some traders looking for bigger gains are turning to smaller, higher-risk projects.
Large-cap cryptocurrencies like Solana can deliver solid long-term growth, but because their market caps are already massive, they rarely produce the 100x-style returns that many crypto traders chase.
That search for higher upside is drawing attention to newer projects like Maxi Doge ($MAXI).
Built as an ERC-20 meme coin, Maxi Doge leans heavily into a high-energy trading culture. Its branding embraces the “1000x leverage” mindset popular in crypto communities.
The project has already attracted early attention, raising about $4.6 million in its presale so far.
Maxi Doge combines viral marketing themes—like the slogan “never skip leg day, never skip a pump”—with features such as:
holder-only trading competitions
community engagement rewards
a dynamic staking system
Currently priced around $0.0002808, the token positions itself as the “Leverage King” of the meme coin space, aiming to compete with established meme tokens through incentives tied to its treasury fund.
For investors concerned about Solana’s short-term volatility, early-stage projects like Maxi Doge present a very different risk-reward profile compared with large-cap altcoins.
