Solana Dead Cat Rebound From $95? Will SOLUSDT Plummet To $65?
The price of Solana stays beneath $130 following a 65% decline from $295, raising concerns about possible dead cat bounces. In light of solid fundamentals, including Janover’s acquisition of SOL and rising DEX engagement, could SOLUSDT plummet to $65?
In less than three months after a surge to $295, Solana has fallen more than 65%, dashing the hopes of investors, particularly those holding some of the top Solana meme coins. SOLUSDT is currently trading beneath $130 and has been stagnant for several weeks. Base level is found at April’s lows near $95, while price ceiling sits at $150.
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SOLUSDT Holds Steady, Yet Is This Just a Dead Cat Bounce?
While SOL prices exhibit price floor at current levels, an analyst on X expresses doubts about the upward trend.
(Source)
In a post, the crypto holder emphasized that despite recent increases taking SOLUSDT from $95 to $135, the bearish remains.
If sellers keep exerting pressure from existing levels and SOL bulls can’t break through $130, prices may well fall below $95, or to the April 2025 lows, reaching $65. The analyst noted this is where SOL might eventually find price floor.
In his assessment, the analyst points out that Solana is revisiting a upward movement region. Should the breakout be confirmed, sellers could pull the token down to $65.
From a technical standpoint, even with trader optimism for SOL to rebound to $295 in alignment with Q4 2024 growth, sellers remain in control.
Over the past three months, sellers have entirely reversed the gains achieved in November 2024. This significant rise, which was propelled by meme token market demand, signified the culmination of the uptrend phase.
This upward swing was fueled by the introduction of TRUMP and MELANIA meme coins on Pump.fun, the launchpad for Solana meme coins.
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Will Janover, OpenSea, and DEX Activity Boost Solana?
Despite this cautious perspective, the fundamentals remain robust, and SOL is considered one of the top cryptocurrencies to acquire.
In a strategic decision, Janover, a public real estate firm, is acquiring Solana to incorporate it into its treasury. The company recently bought $10.5 million worth of SOL, raising its reserves to over 163,000 SOL.
After receiving board approval, Janover made its initial purchase of the token on April 4, 2025.
The company is acquiring SOL for long-term holdings rather than speculation. From their acquisition, Janover plans to stake SOL through Kraken, delegating tokens to validators managed by Janover to earn yields.
Additionally, prior to its SEA launch, OpenSea revealed that it would support Solana token trading for closed beta users, with intentions to introduce base level for Solana NFTs shortly. The team regarded this as a “significant milestone in their multi-chain journey.”
Solana coin trading is now available on OS2 for select closed beta users & will expand to more users in the upcoming weeks.
This marks a major achievement in our multi-chain journey. Solana has some of the most dedicated users and developers in web3.
Coins first, NFTs will follow. Most… pic.twitter.com/Bj1Tka98Le
— OpenSea (@opensea) April 14, 2025
On-chain indicators also suggest growth. In a bearish environment, decentralized exchanges (DEXes) on Solana are performing the best, averaging over $2.5 billion in daily trading volume.
(Source)
Solana Price Recovery: A Possible Dead Cat Bounce Before $65
- Solana price restricted beneath $130, down 65% from 2025 peaks
- Is the bounce of SOLUSDT from $95 to $135 merely a dead cat bounce?
- Solana ecosystem thriving with base level from Janover and OpenSea
- Growing DEX activity, a sign of resilience?
The article Solana Dead Cat Bounce From $95? Will SOLUSDT Drop To $65? was first published on 99Bitcoins.
