Solana Price Prediction As SOL Gains Ground To Surpass Ethereum In Revenue

The Solana price has edged down a fraction of a percentage in the past 24 hours to trade at $125.32 as of 2:33 a.m. EST on trading volume that plunged 57% to $1.8 billion.

Despite the drop, Solana has outperformed Ethereum in yearly revenue, according to Solana founder Anatoly Yakovenko. This shows a pivotal shift in how value may be distributed in the crypto space.

Solana’s revenue has skyrocketed from $28 million in 2021 to $2.5 billion year-to-date, outpacing Ethereum’s current revenue of $1.4 billion.

The surge can be attributed to Solana’s fast transaction settlement times, low fees, and expanding application ecosystem.

Analysts have continuously described Solana as the revenue chain where future applications can live, scale, and operate efficiently.

Solana’s appeal lies in its speed, throughput, and cost efficiency, which are at the core of the network. Such traits make it easier for high-volume applications to operate without friction, which, in turn, drives revenue.

Moreover, meme-driven activity has also played a role in recent cycles.

Solana Price Stabilizing Above $120, Set For A Rally

The SOL price saw a massive surge from June to September, rallying through a key resistance zone from $126 to $252.87.

However, after hitting this resistance, the Solana price has been steadily declining within a falling channel pattern. After hitting the $120 level, bulls have stepped in to hold SOL within this zone, as they fight any pressure from the bears.

Solana has recently fallen below the lowest Fibonacci level at $126.59, cementing the overall bearish trend.

This bearish outlook was also encouraged by Solana’s price crossing below both the 50-day and 200-day Simple Moving Averages (SMAs), which formed a death cross around $180.75.

SOL Price Prediction

Based on the current daily chart structure, Solana remains in a short- to medium-term bearish phase.

The SOL price is trading well below both the 50-day and 200-day SMAs, which signals sustained downside pressure and weak bullish participation. The descending trendline continues to cap rallies, suggesting sellers remain in control on lower timeframes.

In the near term, the $120–$125 zone appears to be a critical support area aligned with recent lows. A clean break below this region could open the door for a deeper move toward psychological support near $110.

On the upside, any relief bounce targets the $146-$164 range, where prior Fibonacci levels (0.786 and 0.618 Fibonacci levels) and SMAs converge.