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The Solana price prediction shows that SOL is struggling to break above key moving averages, with a potential bullish reversal if successful, but continued rejection could lead to further downside.
Solana Prediction Data:
- Solana price now – $124.63
- Solana market cap – $63.66 billion
- Solana circulating supply – 512.29 million
- Solana total supply – 597.38 million
- Solana Coinmarketcap ranking – #6
Getting in early on crypto projects can often yield significant returns, and Solana (SOL) is a prime example. Since its all-time low of just $0.5052 on May 11, 2020, SOL has skyrocketed by an astonishing 24,628.06%, reaching as high as $127.40 in the past 24 hours. While it’s still down 57.56% from its all-time high of $294.33 in January 2025, its long-term performance showcases the incredible potential of early investments in promising blockchain projects.
SOL/USD Market
Key Levels:
Resistance levels: $175, $185, $195
Support levels: $80, $70, $60
On the daily chart, Solana (SOL) remains within a descending channel, struggling to gain bullish momentum. The price is currently hovering around the lower boundary of the channel, facing rejection near the 9-day MA. This indicates that sellers still have control over the market, and without a strong bullish push, SOL may continue to trade within its bearish range. The inability to break above the immediate resistance zone suggests that downside risks remain, especially as trading volume remains relatively low. If SOL fails to establish support above its current levels, it could extend losses toward the key support zone of $80, where buyers may attempt to regain strength.
Solana Price Prediction: Will SOL Gain Bullish Momentum?
Solana’s price movement remains constrained below the 9-day and 21-day MAs, signaling persistent resistance that limits any immediate bullish breakout. A decisive move above these moving averages could mark the beginning of a potential trend reversal, allowing SOL to regain upside momentum. In such a scenario, buyers may drive the price toward key resistance levels at $175, $185, and eventually $195. However, for this bullish outlook to materialize, SOL must establish strong support above its current trading zone, accompanied by increased buying volume to sustain the upward push.
Can Solana Breakout?
On the other hand, if SOL continues to struggle against these resistance levels, selling pressure could intensify, leading to further downside movement. A rejection at the moving averages may cause the price to retreat toward critical support levels at $80, $70, and potentially as low as $60 if bearish momentum prevails. This could indicate a prolonged period of weakness, reinforcing the ongoing downtrend. Traders should closely watch price action around the moving averages in the coming sessions, as failure to reclaim these levels could confirm an extended bearish phase, while a breakout could shift sentiment in favor of the bulls.
SOL/BTC Struggles to Break Resistance, Bears Maintain Control
The daily chart for SOL/BTC shows that the pair remains within a descending channel, indicating a persistent bearish trend. The price is currently hovering around 1522 SAT, struggling to gain momentum above the 9-day MA (1560 SAT) and the 21-day MA (1574 SAT). This suggests that SOL is facing strong resistance at these moving averages, and a failure to break above them could lead to further downside pressure. Additionally, the declining trading volume reinforces the lack of strong bullish momentum, increasing the risk of a continuation toward lower support levels. If SOL fails to establish support at its current level, it may test the support at 1150 SAT, which marks a crucial demand zone that could either trigger a reversal or lead to further declines.
On the upside, if buyers manage to push SOL above the 9-day and 21-day MAs, a potential breakout toward the resistance at 1900 SAT could be in play. A sustained close above this level would signal a bullish reversal, potentially allowing SOL to retest higher resistances in the 2000 SAT region. However, given the current downward trajectory and the rejection at key moving averages, traders should remain cautious. A continued failure to reclaim these levels could confirm extended bearish momentum, with SOL potentially breaking below the current range and seeking lower lows in the coming sessions.
Meanwhile, crypto analyst @ByCoinvo shared with his 325k followers on X (formerly Twitter) that this $SOL retest could signal a potential bottom before an upcoming rally.
This $SOL re-test could mark the bottom before the rally! 👀 pic.twitter.com/ISq0XnuAPq
— Coinvo (@ByCoinvo) March 30, 2025
Solana Alternatives
Solana has re-entered its previous consolidation range after failing to sustain a breakout, facing strong resistance at its recent highs. The price action reflects sustained bearish pressure, with support holding for now but at risk of further decline. While fundamental metrics remain stable, they lack the strength to drive an independent rally. Meanwhile, Best Wallet is one of the most popular new utility coins currently in its presale phase, having already raised $11.4 million, offering significant potential for early investors. The wallet is fully functional, featuring an all-in-one platform where users can invest directly in its native token and even purchase Solana (SOL) alongside other cryptocurrencies. Investors can buy the coin using Ethereum, Tether, and meme coins like Shiba Inu, Pepe, and Dogecoin, adding further utility to these assets.
New Best Wallet Coin To Buy Now – Update On 100X Potential Presale
As utility coins tend to gain value over time with increasing adoption, getting in early could lead to substantial long-term rewards. With the broader crypto market turning bullish and Bitcoin approaching new highs, now is the perfect time to invest in Best Wallet and secure a position before prices surge. Don’t miss out on this opportunity—act now and be part of one of the most promising presales of the year.
Related News
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- Ethereum Price Prediction: ETH Plunges 9% In A Week As Experts Say Consider The Best Wallet Presale For 10X Gains
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