Solana’s price has looked strangely calm lately. Zoom in on the last 30 days, and SOL is only down about 1.4%.
But zoom out, and the story changes.
Solana is still down more than 30% year to date, and every bounce since January has quietly rolled over into lower highs. Now a deeper signal is starting to form beneath the surface.
One of the most closely watched derivatives indicators, the funding rate, has turned negative again for an extended period. When funding stays negative, it means short sellers are dominating the market and paying long traders to hold positions.
This pattern has appeared before.
Between February 2022 and February 2023, Solana experienced its longest negative funding rate streak. During that stretch, SOL collapsed to a cycle low near $7. But toward the end of that period, even as funding stayed negative, price quietly began recovering.
What followed was a massive rally that eventually pushed Solana from $7 to $209.
A similar streak has now been forming again since late October 2025, currently lasting around 21 weeks. At first glance, that might look like the same setup repeating.
But there is one critical difference.
The current market’s leverage is thin. Open interest across SOL derivatives markets has collapsed from about $7.58 billion in September 2025 to roughly $1.9 billion today. Without heavy leverage, the fuel needed to trigger a violent short squeeze simply is not there.
Meanwhile, on-chain data is flashing another warning.
Exchange net position change shows a steady stream of tokens flowing onto exchanges since February. Daily inflows have surged from around 245,691 SOL to more than 2.2 million SOL within a month, an increase of roughly 800%.
When coins move onto exchanges, they are usually being prepared for sale. Add that to the chart structure, and the situation becomes clearer.
Solana Price Prediction: Is SOL Heading for a Brutal Drop to $65?
SOL has been grinding higher inside an ascending channel since early February. At first glance, that pattern looks bullish.
But the channel formed directly after a sharp drop from roughly $148 to $68, suggesting it may simply be a corrective move within a larger downtrend.
It is a slow grind higher inside persistent weakness. And until selling pressure begins to fade and exchange flows reverse, the market may still need to search for a deeper bottom.
On the downside, the first key support sits around $80, followed by a stronger zone near $75. If those levels begin to weaken, the chart suggests the market could slide toward the $65 region.
However, the chart structure would shift significantly if SOL breaks decisively above $92. A breakout there would invalidate the sequence of lower highs and potentially open the door for a stronger recovery toward the $106 and $120 regions.
Maxi Doge Targets Early Mover Upside as Solana Tests Key Levels
While Solana is busy defending the $80 level and avoiding a possible drop toward $59, many traders looking for bigger upside are moving their money into riskier plays.
Large caps like SOL can be solid over time, but because their market caps are already huge, they rarely deliver the crazy 100x-style runs people chase in crypto.
That hunt for higher multiples is starting to draw attention to Maxi Doge ($MAXI), a new ERC-20 meme contender built around a high-energy trading culture.
The whole vibe leans into that “1000x leverage” mentality. And the early numbers show people are paying attention. The presale has already raised exactly $4.6M so far.
Maxi Doge mixes viral gym-bro style marketing like “never skip leg day, never skip a pump” with holder-only trading competitions and a dynamic staking system designed to keep the community engaged.
Currently priced at $0.0002808, $MAXI positions itself as the “Leverage King” and aims to outperform established memes by incentivizing active holding through its Treasury fund.
For those hedging against Solana’s short-term volatility, this early-entry opportunity offers a distinct risk-reward profile compared to established altcoins.
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The post Solana Price Prediction: Selling Pressure Surges 800% — Is SOL Heading for a Brutal Drop to $65? appeared first on Cryptonews.
