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The Solana price prediction shows that SOL trades within a consolidation range, facing strong resistance at $170 and support at $125.
Solana Prediction Data:
- Solana price now – $130.87
- Solana market cap – $66.74 billion
- Solana circulating supply – 509.92 million
- Solana total supply – 596.33 million
- Solana Coinmarketcap ranking – #6
Getting in early on crypto projects can often lead to incredible gains, and Solana (SOL) is a perfect example of this. Since its all-time low of just $0.5052 on May 11, 2020, SOL has skyrocketed by a staggering 27,374.73%, reaching a high of $139.73 in the past 24 hours. While it’s currently down 52.84% from its all-time high of $294.33 in January 2025, its long-term performance highlights the massive potential early investors can capitalize on in the crypto space.
SOL/USD Market
Key Levels:
Resistance levels: $195, $205, $215
Support levels: $95, $85, $75
The SOL/USD daily chart indicates that the price remains within a descending channel, signaling a continuation of the bearish trend. Currently, SOL is trading at $143.59, slightly above its recent low of $135.12, suggesting that buyers are attempting to defend the lower boundary of the channel. However, the price is still struggling below both the 9-day MA ($147.65) and the 21-day MA ($158.78), reinforcing the prevailing bearish sentiment. For a potential shift in momentum, SOL needs to break above these moving averages, which are currently acting as dynamic resistance levels.
Solana Price Prediction: SOL May Consolidates Below the Moving Averages
Looking at the daily chart, if the Solana price manages to push above the 9-day and 21-day MAs, bullish momentum could build toward the $160-$165 resistance zone, aligning with the upper boundary of the channel. A successful breakout beyond this level may confirm a trend reversal, potentially driving SOL toward the $195, $205, and $215 resistance levels. Additionally, the recent surge in trading volume suggests increased market activity, indicating a possible change in sentiment. However, until SOL breaks key resistance levels, caution is warranted, as the bearish structure remains intact.
Can Solana Breakout?
Conversely, failure to surpass the moving averages could lead to another downside move, with $130-$135 emerging as a critical support zone. If this level fails to hold, SOL could face further selling pressure, potentially revisiting the psychological $95, $85, and $75 support level. Such a move would reinforce bearish dominance and prolong the current downtrend. Traders should closely monitor price action in the coming sessions to determine whether Solana can establish a recovery or continue its downward trajectory.
SOL/BTC Remains Below the Moving Averages
The SOL/BTC daily chart remains within a descending channel, with the price currently trading at 1609 SAT, slightly above the recent low of 1575 SAT. The 9-day MA (1674 SAT) and 21-day MA (1726 SAT) continue to act as resistance levels, indicating that sellers remain in control. Despite a slight upward movement, SOL/BTC has struggled to gain momentum, suggesting a possible continuation of the downtrend if buyers fail to push the price above the moving averages. A sustained move above the 9-day MA could lead to further recovery, targeting the 21-day MA, and potentially the 2000 SAT resistance level, which aligns with the upper boundary of the channel.
On the downside, if the price fails to hold above the 1600 SAT level, selling pressure could increase, leading to a retest of the 1180 SAT support zone. A break below this critical level may trigger further downside movement, extending the bearish trajectory. The declining volume also signals weak bullish participation, reinforcing the likelihood of continued price suppression. For a bullish reversal to occur, SOL/BTC must decisively break out of the descending channel and establish support above key resistance levels. Until then, traders should remain cautious, as the pair is still in a bearish phase.
@UfoCalls analyzed their followers on X (formerly Twitter) and noted that $SOL is currently trading at the lower end of its range. A rebound is expected soon.
$SOL is now trading at low of the range.
It will be so back soon 🤑 pic.twitter.com/Ie2TSsVxue
— Ufo Calls 🛸 (@UfoCalls) March 8, 2025
Alternatives to Solana
Solana (SOL) continues to trade within a well-defined range of $125 to $170 against the US dollar, with this zone serving as a key support and resistance level. While occasional bullish breakouts push SOL toward $200, these surges are often short-lived, suggesting limited sustained buying pressure. Meanwhile, Best Wallet is gaining traction as a top utility coin, offering investors a chance to join its pre-sale before the official launch. The platform has been actively enhancing its app, now supporting over 50 blockchain networks, including Bitcoin, within its Web3 wallet. Additionally, users can buy Solana (SOL) directly on the Best Wallet platform, further expanding its utility. Investors can also purchase the Best Wallet token early, stake it for a 146% APY, and accumulate more tokens daily, making it an attractive opportunity for those looking to maximize their holdings before the token goes live.
New Best Wallet Web3 Must Buy Now before Coin Launch
With an already functional product and a growing user base, demand for its native token is expected to surge post-launch, potentially leading to massive price gains. By investing now, buyers can accumulate more tokens through staking and avoid chasing the price once it skyrockets on major exchanges. Don’t miss out—connect your wallet today, invest with Ethereum, USDT, or meme coins, and position yourself for high rewards in the evolving crypto space.
Related News
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- Best Wallet Overtakes MetaMask In Active Users As Presale Surges Past $11M, May End Early
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