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The Solana price is up more than 4% on the weekly timeframe despite a 2% 24-hour drop to trade at $139.45 as of 9:39 p.m. EST as traders accumulate the altcoin.
The pullback in the SOL price over the past 24 hours comes after Interactive Brokers added SOL and 3 other cryptos to its platform.
Adoption: Interactive Brokers @IBKR brings #Solana, #Cardano, #XRP, and #Dogecoin to Trading Platform in the US
— MartyParty (@martypartymusic) March 27, 2025
Solana Price Oscillates Within A Range
Daily chart for SOL/USD (Source: GeckoTerminal)
The Solana price is oscillating between the support at $131.48 and the resistance at $149.08, GeckoTerminal data shows. This might be an accumulation range before a bullish move up.
Should SOL break above the $149.08 resistance, it might try to rise to the next major technical barrier at $179.47. However, a rejection from the $149.08 mark could lead to a continuation of the oscillation.
If traders decide to sell SOL in the next 24 hours, it could push the Solana price down to the $131.48 support. Should bulls fail to defend this level, the crypto might end up dropping to as low as $112.29 in the short term.
Technicals Suggest A Bearish Scenario Is More Likely For The Solana Price
A bearish scenario seems more likely to play out when looking at technical indicators on the daily chart. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are starting to show early warning signs.
The MACD line has started to drop towards the MACD Signal line in the last couple of hours. Traders might see this as a sign that SOL’s bullish momentum is starting to cool down.
Should the MACD line cross below the MACD Signal line, it might confirm that the Solana price has entered a new bearish trend and will subsequently drop in the following 48 hours.
Meanwhile, sellers appear to have a slight upper hand against buyers, as suggested by the current RSI reading below the neutral 50 mark. However, bulls do seem to be trying to take back control given the positive slope of the RSI line. If the RSI crosses above 50 within the next 24 hours, it could lead to a bullish shift in power.
As bulls and bears battle it out on SOL’s chart, investors flock to a new Solana layer-2 presale token called Solaxy (SOLX) for gains. According to analyst and YouTuber Jacob Bury, with over 55.7K subscribers, the crypto has the potential to soar 10X post-launch.
Giving Solana A Major Upgrade
Solaxy is the first layer-2 scaling project for the Solana blockchain, and aims to reduce congestion levels on the public network following the hype around SOL-based meme coins.
To do this, the project uses proven scaling technologies called rollups to bundle SOL transactions off of the layer-1 mainnet and on its own native blockchain. Thereafter, Solaxy submits the batches of transactions back to the layer-1 mainnet for final validation.
Solaxy’s approach to transaction processing is similar to the one employed by layer-2 solutions Arbitrum and Optimism within the Ethereum blockchain. Meanwhile, rollups have been proven to help a major public blockchain scale.
Once Solaxy has brought layer-2 technology to the Solana ecosystem, the project will then try to bridge the Ethereum and Solana blockchains. This will create a new Web3 infrastructure that combines the strengths of two of the most prominent networks in the crypto space.
Decentralized app and meme coin developers will also finally have a platform that can cater to their growing needs, allowing them to create the next big thing in the Web3 space without having to worry about scalability limitations. SOLX will serve as a primary transaction layer in this new and improved ecosystem, boosting its utility to unprecedented heights.
Investors Bet Big On SOLX’s Future
Solaxy is on track to post one of the best presale performances of 2025, and has already raised more than $28.1 million in early-stage funding.
With the bullish predictions by experts like Jacob Bury, the project’s aim to scale Solana, and Solaxy’s positioning as the first Solana layer-2 project, it’s easy to see why an investor frenzy has erupted around SOLX’s ongoing presale. There is also an attractive 145% staking APY that could be pulling investors in at this early stage.
Interested investors can buy SOLX via the widget embedded on the project’s website using either crypto or bank card for $0.001676 apiece. Thereafter, investors can head over to the staking page and lock up their tokens for the high APY.
Anyone looking to lock in the best deal will want to act fast, because SOLX’s price will undergo a presale increase in around 39 hours.
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