Solana remains one of the strongest long-term plays in the crypto industry today. Here are the top reasons to buy the SOL dip right now.
For weeks now, Solana has been locked in a tight channel with its price swinging between $100 and $140.
Throughout this period, the top altcoin has been testing key resistance levels in the upper $140 price range, threatening a breakout, but it lacks the decisive volume and momentum needed to push through.
Fundamentally, multiple factors, including ranging network activity and accelerating developer adoption, have convinced us that Solana is a high-upside asset that is poised for massive gains. That, it is not a matter of if but when Solana will break out.
Here are three more reasons why Solana is worth buying right now.
Solana is Undervalued Relative to Its Potential
Solana is grossly undervalued relative to both its potential and network activity. For instance, despite its disappointing price action, Solana has been consistently ranked among the top 3 blockchains by daily active use, transaction volume, and NFT sales.
On multiple days, for example, the daily transaction volumes on Solana have surpassed Ethereum’s, yet SOL is only a fraction of ETH’s market cap and continues to struggle under the weight of buying pressure. The rapidly growing activity is indicative of Solana’s hugely promising future.
The mismatch, on the other hand, suggests that Solana is grossly undervalued relative to it’s network activity.
Solana’s DeFi TVL is Rebounding Faster than its Price
In the first four months of 2025, Solana’s total value locked in DeFi has rallied by more than 200%. Additionally, multiple platforms on the Solana ecosystem, including Jupiter, MagniFi, and Kamino, have witnessed explosive user growth over the last few months.
However, many of these gains have yet to be priced i, making the current SOL prices feel like a bargain. Therefore, buying SOL at the current dip exposes you to massive gains when it starts repricing upwards.
Historical Price Action Suggests Explosive Gains after Consolidation
Historically, when Solana consolidates in tight ranges like these, it tends to break out aggressively once momentum builds. Take, for example, Solana’s price action was tight before and during the 2021 bull market.
After an extended period of consolidation, SOL prices broke out and surged by more than 700% when it shot from $35 to $260. At the time, the network activity and developer adoption were very low.
Given its solid fundamentals, you can expect SOL to reach unimaginable heights during the upcoming bull market.
SOL Price Prediction for 2025
We remain massively bullish about Solana’s next price action. And top among the factors that we believe will influence SOL’s next price action are the upcoming bull market and approval of SOL ETFs. By the end of the year, our analysis suggests that Solana will likely have peaked at around $490.
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