Solana Price Prediction: SOL drops 8%, but the Solana second-layer network raises over $22 million in presale

In the past 24 hours, Solana price dropped 8%, trading at $166.59 as of 3:35 AM EST, while trading volume surged 76% to $5.27 billion.
Over the past seven days, the price of SOL has fallen more significantly, falling 20% from $205 to its current value of $166.59. However, it is worth noting that Solana’s price drop is not an isolated phenomenon. The coin’s movement follows that of Bitcoin, which has also experienced a decline in the world’s largest cryptocurrency and is showing weakness on both the daily and weekly charts.

Solana Price Prediction
Over the past 24 hours, Solana price has followed a certain pattern, breaking through multiple support levels in a row. Every time a new support level is broken, its Bollinger Bands expand and the price drops, causing the lower band to move down again. However, this does not mean that the price did not rise to the upper band during this period. On the contrary, SOL did make several attempts to rebound, but the current bear market keeps pushing it to lower levels while Bitcoin searches for its own bottom. At present, SOL may start to recover after falling to $165 as its price seems ready to rebound.

Its recent performance can be traced back to the activity of traders over the past day, which is clearly reflected in the project's relative strength index (RSI). Traders have continuously pushed the RSI up to the neutral value of 50, and sometimes even to 60, but then sold off, causing the RSI to drop to 30, 25, 20, and even 10 earlier today. Currently, the RSI has begun to climb again, which could drive SOL prices back up. However, the real question is whether this is just another bounce that will be followed by another drop, or if buyers are ready to push SOL back to previous levels.

A promising alternative to Solana
Amid Solana’s struggles, the first Layer-2 SOL project, Solaxy (SOLX), seems to be thriving. The project is still in its presale phase, but its initial coin offering (ICO) has so far been one of the largest ICOs of 2025. SOLX’s ICO just hit another milestone, raising over $22 million and is still growing.
Many attribute the ICO’s strong performance to Solaxy’s goal to solve the technical issues of the Solana network, especially in terms of scalability. Although Solana is known for being fast and cheap, activity on its blockchain has surged to levels that exceed its capacity, causing congestion on the network.

As a result, Solana now frequently experiences transaction failures, and Solaxy has emerged as its first Layer-2 scaling solution, not unlike similar projects that have emerged around Ethereum over the years.
Solaxy offers unlimited scalability, promises to eliminate transaction failures. Most importantly, it will run in both the Solana and Ethereum ecosystems, acting as a bridge between the two networks. As mentioned earlier, it is still in presale, and the price of its SOLX token is only $0.001638.
However, experts like ClayBro, a cryptocurrency YouTuber with over 136,000 subscribers, believe that this price is extremely low for the demand that SOLX has shown during the presale. Therefore, many experts believe that SOLX may experience a significant price increase after the launch, which means that buying in advance may be a great opportunity for investors looking for a solid alternative to Solana.

Buy SOLX tokens within 7 hours to lock in the best price.