Solana Price Prediction: Rising Wedge Breakdown Points to Pain – Can SOL Avoid a 40% Drop? 

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Harvey Hunter

Content Writer

Harvey Hunter

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Harvey Hunter is a Content Writer at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

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Last updated: 

May 30, 2025

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Solana now risks a 40% drop against Ethereum, with the breakdown of a multi-month rising wedge pattern dampening near-term Solana price forecasts.

This shift comes despite Solana’s 13% gain in May, with Ethereum surging 45% over the same period, surpassing it as the best crypto to buy.

On the back of the U.S. Court of International Trade’s flip-flop on Trump’s tariff suspension, investment markets remain locked in a state of cautious optimism as FUD persists.

Cooling Speculative Interest Has Hit Solana Hard

The SOL/ETH pair faces a breakdown of a 7-month rising wedge pattern, breaching below its lower support during Thursday trading.

A weekly close below the 50SMA—previously a safety net for false breakdowns—would confirm a bearish continuation, targeting a 40% fall toward 0.036 ETH.

The breakdown in SOL/ETH aligns with a visible decline in meme coin-driven activity on Solana. Revenue from its largest meme coin launcher, Pump.fun, has plummeted since early April.

Fees on the platform peaked during the Q1 post-inauguration rally but have since dropped to near-yearly lows, according to Dune Analytics, reflecting fading speculative demand.

Pump.fun played a major role in Solana’s surge to all-time highs between December 2024 and March 2025, with Trump’s pro-crypto stance sparking widespread risk-on behavior.

During this period, total cumulative fees surged past 3 million SOL. With tariff-driven economic FUD, these levels have not been recovered, weakening one of Solana’s primary value drivers.

A May 27 Standard Chartered report reinforces this narrative, arguing that Solana may underperform if it cannot diversify beyond meme coins, which currently dominate its transaction activity.

Solana Price Analysis: Is the 40% Drop Inevitable?

The Solana price chart also faces a critical juncture with the potential invalidation of a rounded bottom pattern, currently retesting its baseline resistance at $160.

As long as $160 holds, the uptrend from the mid-April market bottom remains intact, with the potential to extend another 80% toward the pattern’s $300 target.

However, a breakdown below this level could deepen Solana’s decline, sending it back to the 200SMA and widening the gap with Ethereum—further validating the bearish SOL/ETH setup.

A credible scenario, with the MACD converging towards a death cross and the RSI plummeting towards the neutral line. These momentum indicators suggest sellers dominate the near term.

That said, long-term Solana still remains within the descending channel forming the handle of a 4-year cup-and-handle pattern.

A short-term crash would continue its consolidation, but it is unlikely to invalidate the potential 175% breakout to $460 implied by the broader cup-and-handle formation if a breakout occurs.

New ICO Has a Claim to an $85 Billion Industry

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One project catching early attention is SUBBD ($SUBBD), an AI-powered content platform redefining a $85B industry by giving fans true access and creators better monetization tools.

Traditional creator-subscriber platforms often take hefty cuts—up to 20%—while giving users little agency over their communities.

SUBBD flips the script, cutting out the middleman and putting the power directly in creators’ hands—to great support with over $560,000 raised in its ongoing presale.

These perks extend to fans in an access-driven ecosystem. Token-gated content, discounts, and early access allow supporters to engage with their favorites in a meaningful way.

You can keep up with SUBBD on X, Telegram, and Instagram, or join the presale on the SUBBD website.