Solana Price Prediction: $80 SOL Looks Scary – But Smart Money Just Signaled This Might Be the Bottom

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Harvey Hunter

Content Writer

Harvey HunterVerified

Part of the Team Since

Apr 2024

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Harvey Hunter is a Content Writer at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

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Solana price prediction

While short-term speculative traders are sidelining SOL with its descent toward $80, smart money appears to be doubling down on Bullish Solana price predictions.

The altcoin has lost critical footing, breaking the $100 historical support that has marked an absolute bottom over the past two years.

The violent sell-off over the past week bears all the hallmarks of capitulation. Crypto’s tenth-largest liquidation event flushed out excess leverage, forced indiscriminate selling, and briefly drove SOL to $67 in a compressed move.

Now, it appears to be stabilising around a demand zone at $80. While this level lacks the same historical backing as $100, smart money may have already given it its vote of confidence.

SOL USD 1-day chart – $100 gives way to a fresh $80 floor. Source: TradingView.

Since December, investors have accumulated in toe with the decline, adding roughly 5 million SOL worth $455 million. It continues to be treated as a buy-the-dip opportunity.

This accumulation is significant as the Market Value to Realized Value (MVRV) ratio reads 0.65, a near two-and-a-half-year extreme that places SOL firmly in undervaluation territory.

Solana Market Value to Realised Value Ratio (MVRV). Source: Glassnode.
Solana Market Value to Realised Value Ratio (MVRV). Source: Glassnode.

An MVRV below 1 indicates that the majority of holders are underwater. Selling now would come at the cost of realising heavy losses, making HODLing more likely.

Doubling down and accumulating under such conditions is a clear display of conviction and a potential bottom signal.

Solana Price Prediction: Is Smart Money Onto Something?

There is a strong technical basis for a bottom, with the recent downside fully releasing the breakdown of a two-year bearish head-and-shoulders pattern.

And with it, momentum indicators are showing historical signs of seller exhaustion.

SOL USD 1-week chart - two-year head-and-shoulder realised. Source: TradingView.
SOL USD 1-week chart – two-year head-and-shoulder realised. Source: TradingView.

The last time the weekly RSI reached the 30 oversold threshold, it marked the previous cycle’s respective lows and the transition into its most bullish phase.

While the liquidation event has set the MACD back, previous months demonstrate a clear compression towards a golden cross above the signal line.

Bullish pressure has been building for some time now, and $80 stands as the launchpad for it to release.

A rebound would first target the $105 neckline of the patter 30% above current levels, reclaiming this level as firmer and higher footing could fuel a more sustained upwards move.

As market sentiment clears and focus is recentered on fundamentals, the move could credibly extend back towards all-time highs around $300, marking a 270% gain.

Maxi Doge: A Hedge Against Short-Term Volatility

Tried and tested altcoins like Solana are the easy bet, but broader market capitulation creates a unique opportunity to position ahead of the next higher-beta plays.

One pattern has remained stubbornly consistent across cycles: capital eventually concentrates around a single Doge-themed token.

The rotation is familiar. Dogecoin led the charge, Shiba Inu followed in 2021, then came Floki, Bonk, Dogwifhat, and Neiro. Every bull run eventually crowns a new Doge-inspired frontrunner.

This time around, Maxi Doge ($MAXI) is tapping into those same early Dogecoin dynamics, building a community focused on shared alpha, trading ideas, and competitive participation.

Engagement drives the ecosystem. Weekly Maxi Ripped and Maxi Pump competitions keep activity high, rewarding top performers with leaderboard recognition, incentives, and bragging rights.

The momentum is already visible. The $MAXI presale has raised nearly $4.6 million, while early backers are earning up to 68% APY through staking rewards.

For traders who missed previous Doge-led runs, Maxi Doge could offer another early entry before the bull run kicks in.

Visit the Official Maxi Doge Website Here


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