Solana Price Prediction: Buying Pressure Surges — Is SOL Ready for a Break Above $100?
Solana has posted a 5% gain over the past 24 hours, and the on-chain data behind the move suggests it may not just be another short-term bounce.
Several technical indicators and blockchain metrics are starting to align, hinting that buyers may be stepping back into the market.
Bullish Signals Are Starting to Build
On the 8-hour chart, the 20-period and 50-period EMAs have formed a bullish crossover. This is the same technical setup that triggered a 12% rally around March 4.
Since the moving averages began converging again, SOL has already climbed about 7.45%, indicating traders quickly reacted to the signal.
At the same time, the Smart Money Index — which tracks the behavior of more experienced market participants — has moved higher and widened away from its signal line. That often suggests larger or more strategic investors are entering the market.
Another interesting shift can be seen in holder behavior.
Short-term holders, typically the most speculative group, reduced their share of circulating supply from roughly 9% on March 7 to about 7.31% by March 12. In simple terms, quick traders appear to be exiting while longer-term investors are stepping in.
Accumulation data reinforces this trend.
Mid- to long-term holders added around 396,520 SOL on March 10. By March 12, that number had surged to 819,634 SOL, meaning accumulation more than doubled within just 48 hours, according to data from Glassnode.
Not All Signals Are Bullish
Despite the positive momentum, the overall picture is still mixed.
While SOL’s price has been trending higher since March 1, the Smart Money Index has actually been trending lower during the same period. This type of bearish divergence has historically signaled that rallies may lose strength or stall.
Technically, price action is also forming a potential head-and-shoulders pattern on the 8-hour chart, which is often considered a bearish reversal structure.
Some longer-term holders appear to have noticed.
Investors holding SOL for one to two years began trimming their exposure around March 4, right when the “head” of the pattern formed. Their share of the circulating supply slipped from 16.27% to 15.83% — a relatively small change, but still a signal worth watching.
With these mixed indicators, the next few candles could determine which direction the market ultimately takes.
Solana Price Prediction: Is the Bearish Phase Ending?
SOL is currently sitting at a key technical crossroads, with two possible scenarios ahead.
The first major resistance level sits at $91.
If SOL manages to close above this level on the 8-hour chart, it would weaken the bearish structure and keep the bullish outlook intact.
A break above $94 would be even more significant, as it would invalidate the head-and-shoulders pattern entirely and potentially open the door for a rally toward $100 or higher.
On the downside, losing $87 could bring several support levels into play.
The next areas where buyers have previously stepped in are $85, $84, and $82.
However, the most critical level is $77, which represents the neckline of the head-and-shoulders pattern.
If that level breaks, the pattern would officially activate, pointing to a potential 13% drop toward the $67–$68 range.
For now, SOL needs to hold its current structure and push above $94 to confirm that the recent surge in accumulation is the start of a stronger recovery.
Could MAXI Doge Outperform Solana’s Memecoins?
Large cryptocurrencies like Solana still dominate the market, but their massive market caps make extreme gains less likely.
As a result, some traders looking for higher-risk, higher-reward opportunities are turning their attention to smaller meme coins.
One project gaining early attention is Maxi Doge, a new ERC-20 meme coin built around high-energy trading culture and the kind of upside that smaller-cap tokens can potentially deliver.
Early interest appears strong. The project has reportedly raised around $4.6 million during its presale, with the $MAXI token currently priced at $0.0002808.
