{"id":632130,"date":"2025-03-03T11:34:20","date_gmt":"2025-03-03T11:34:20","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=632130"},"modified":"2025-03-03T11:34:20","modified_gmt":"2025-03-03T11:34:20","slug":"solana-price-prediction-sol-soars-12-after-trump-announces-crypto-for-us-strategic-reserve-but-experts-say-this-layer-2-meme-coin-could-explode","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/sponsored\/solana-price-prediction-sol-soars-12-after-trump-announces-crypto-for-us-strategic-reserve-but-experts-say-this-layer-2-meme-coin-could-explode","title":{"rendered":"Solana Price Prediction: SOL Soars 12% After Trump Announces Crypto For US Strategic Reserve, But Experts Say This Layer-2 Meme Coin Could Explode"},"content":{"rendered":"

The Solana price surged 12% in the last 24 hours to trade at $161 as of 2:15 a.m. EST on trading volume that skyrocketed 386% to $12.98 billion.<\/p>\n

The rise in the SOL price comes after US President Donald Trump announced that the President’s Working Group on Digital Assets has been instructed to include Solana, XRP, Cardano (ADA), Bitcoin (BTC) and Ethereum (ETH) in the US crypto strategic reserve.<\/p>\n

After seeing a sharp drop from roughly $170 a week ago, on Feb. 23, to $126 on Feb. 28, Solana’s price saw a major recovery in the last 24 hours that allowed it to surge to $180 late yesterday. Since then, the coin’s price dropped to $170, bounced back up to $180, and corrected to $161, but it still sits 12% higher than yesterday.<\/p>\n

The surge was a response to Bitcoin’s own recovery, which took the oldest cryptocurrency up to $95k before it settled at $92.12k.<\/p>\n

Solana Price Prediction<\/h2>\n

The Solana recovery kicked off the first week of March with a bang after the coin spent the weekend trading sideways. The price surge caused a major widening of the project’s Bollinger Bands, as the upper band got pushed sharply. Since SOL reached<\/a> its limit at $180 twice, the bands narrowed quite a bit.<\/p>\n

However, they remain wider than before the surge, and Solana has seemingly found a support at $160, from where it could soon see another surge, potentially breaching the resistance at $180 this time.<\/p>\n

\"Solana<\/p>\n

15-minute chart for SOL\/USDT (Source: TradingView)<\/p>\n

The project’s Relative Strength Index (RSI) shows that the buyers doubled down on the coin around 17 hours prior to the time of writing. The RSI value went from 30 to nearly 90 within an hour, venturing deeply into the overbought zone.<\/p>\n

It remained there even when SOL initially corrected to $160 before bouncing up again. The second rejection by the resistance at $180 caused a sell-off that took the RSI down to the value of 26.94 over an 8-hour period, and that is where it sits now.<\/p>\n

With the RSI, one of the most popular metrics, sitting in the oversold zone, a new wave of purchases might arrive in the hours to come, causing another Solana price surge. In other words, while SOL has been rejected by the resistance at $180 twice, it could re-test it again for the third time in 24 hours soon.<\/p>\n

Promising Alternative To Solana<\/h2>\n

Those who think that SOL has reached its limit could still buy Solaxy (SOLX),<\/a> which is Solana’s first scalability solution.<\/p>\n

Solaxy was created because Solana’s network started suffering from scalability issues that led to network congestion. This happened due to the SOL blockchain’s rapid increase in activity, and while it is one of the fastest and cheapest chains in the industry, it was unable to handle the demand during the busiest periods.<\/p>\n

Congestion led to failed transactions, showing that Solana could benefit from L2 scalability solutions, the likes of which have already emerged on Ethereum. Solaxy is the first response to the SOL situation, offering infinite scalability, no congestion, and no transaction failure.<\/p>\n

\"SOLX<\/p>\n

For the moment, the project is still in presale, which raised over $24.7 million, and is likely only hours away from the $25 million milestone. Even so, it is one of the largest ICOs of 2025 so far, and its token, SOLX, is selling for only $0.001652. This will change in the next 31 hours, when its price will see another scheduled increase.<\/p>\n

Analysts at the prominent crypto YouTube channel 99Bitcoins, which has over 726K subscribers, recently posted a video saying that Solaxy will explode after its presale ends, potentially making this the last chance to buy the token before it sees a major price surge.<\/p>\n