{"id":635667,"date":"2025-03-15T11:58:21","date_gmt":"2025-03-15T11:58:21","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=635667"},"modified":"2025-03-15T11:58:21","modified_gmt":"2025-03-15T11:58:21","slug":"solana-price-prediction-sol-surges-7-as-simd-228-vote-fails-while-this-first-sol-layer-2-ico-eyes-27m","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/sponsored\/solana-price-prediction-sol-surges-7-as-simd-228-vote-fails-while-this-first-sol-layer-2-ico-eyes-27m","title":{"rendered":"Solana Price Prediction: SOL Surges 7% As SIMD-228 Vote Fails, While This First SOL Layer 2 ICO Eyes $27M"},"content":{"rendered":"<p>The Solana price has surged 7% in the last 24 hours to trade at $134 as of 12 p.m. EST on a 12% pump in trading volume to $3.15 billion.<\/p>\n<p>The sharp rise in the SOL price comes despite the failure of SIMD-228, a proposal to switch Solana&rsquo;s fixed 4.7% annual inflation to a dynamic model.<\/p>\n<p>It fell short of the 66.67% approval threshold, with 43.6% voting yes and 27.6% no.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">SIMD 228 Proposal Rejection is Absolutely Bullish for <a href=\"https:\/\/twitter.com\/solana?ref_src=twsrc%5Etfw\">@solana<\/a> <\/p>\n<p>The rejection of the SIMD 228 proposal is extremely positive for Solana. In some ways, it suggests that <a href=\"https:\/\/twitter.com\/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SOL<\/a> is moving further away from being classified as a security.<\/p>\n<p>Since the SIMD 228 proposal aimed to reduce&hellip; <a href=\"https:\/\/t.co\/5nTjF8VlCN\">https:\/\/t.co\/5nTjF8VlCN<\/a> <a href=\"https:\/\/t.co\/hHSVK8jf2k\">pic.twitter.com\/hHSVK8jf2k<\/a><\/p>\n<p>&mdash; Steve : : FP (@Steve_4P) <a href=\"https:\/\/twitter.com\/Steve_4P\/status\/1900752074952110498?ref_src=twsrc%5Etfw\">March 15, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>A record 74% of Solana&rsquo;s staked supply participated, making it the largest crypto governance vote ever. Large validators backed the proposal, while smaller ones opposed it.<\/p>\n<p>Supporters saw it as a way to curb inflation and stabilize SOL, while critics warned it could harm decentralization and network growth.<\/p>\n<h2 data-start=\"0\" data-end=\"73\">Solana Price Holds On Key Support<\/h2>\n<p data-start=\"75\" data-end=\"482\">The Solana price chart shows signs of stabilization after an extended downtrend, currently <a href=\"https:\/\/coinmarketcap.com\/currencies\/solana\/\">trading at $134.64<\/a>. SOL has been struggling within a bearish channel since peaking at approximately $275-$280 in early January.<\/p>\n<p data-start=\"75\" data-end=\"482\">However, recent price action indicates that buyers may be stepping in as SOL hovers near a critical support zone between $115 and $135.<\/p>\n<p data-start=\"484\" data-end=\"965\">This support level has historically acted as a demand zone, making it a crucial area for potential price reversals.<\/p>\n<p data-start=\"484\" data-end=\"965\">If bulls manage to hold above $130, the next resistance level to watch is around $150, followed by a stronger barrier at $175-$200, which aligns with the 0.618 Fibonacci retracement level.<\/p>\n<p data-start=\"484\" data-end=\"965\">A successful breakout above these levels could signal a shift in momentum, potentially pushing the asset towards its previous highs.<\/p>\n<p data-start=\"484\" data-end=\"965\"><img decoding=\"async\" class=\"aligncenter wp-image-635668 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/SOLUSDT_2025-03-15_06-19-44.png\" alt=\"Solana price\" width=\"1281\" height=\"545\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/SOLUSDT_2025-03-15_06-19-44.png 1281w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/SOLUSDT_2025-03-15_06-19-44-300x128.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/SOLUSDT_2025-03-15_06-19-44-1024x436.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/SOLUSDT_2025-03-15_06-19-44-768x327.png 768w\" sizes=\"(max-width: 1281px) 100vw, 1281px\"><\/p>\n<p style=\"text-align: center;\" data-start=\"484\" data-end=\"965\">SOLUSDT Analysis Source: Tradingview<\/p>\n<h2 data-start=\"0\" data-end=\"73\">Traders Target Potential Rebound<\/h2>\n<p data-start=\"967\" data-end=\"1337\">On the technical front, the Relative Strength Index (RSI) is currently at 42.61, slightly above the oversold threshold. This indicates that while bearish pressure remains, a relief rally could be looming. Additionally, sell-side liquidity around the $120 level indicates that stop-losses may have been triggered, paving the way for a possible reversal.<\/p>\n<p data-start=\"1339\" data-end=\"1718\">Despite signs of a potential recovery, traders remain cautious. A decisive drop below $120 could invalidate bullish setups and open the door for further downside, with $100 being the next major psychological support. In contrast, if buying momentum increases, SOL could target $150 in the short term, with $175-$200 serving as a key area for trend confirmation.<\/p>\n<p data-start=\"1720\" data-end=\"2027\" data-is-last-node=\"\" data-is-only-node=\"\">For now, all eyes are on Solana&rsquo;s ability to maintain its current support level. A rebound could provide an opportunity for traders, while a breakdown might lead to further losses. The coming days will determine whether SOL can regain its bullish footing or continue its downward trajectory.<\/p>\n<h2>First Solana Layer-2 Scaling Solution Heads For $27 Million In Presale<\/h2>\n<p data-start=\"0\" data-end=\"169\">As Solana price traders wait for a breakout, investors are pouring money into <a href=\"https:\/\/insidebitcoins.com\/visit\/solaxy\" rel=\"nofollow\">Solaxy (SOLX),<\/a> a new Solana layer 2 that has already raised over $26.4 million in its presale.<\/p>\n<p data-start=\"171\" data-end=\"337\">Even with the market in a slump, Solaxy is doing well. It&rsquo;s launching a Layer 2 scaling solution to make transactions on the Solana network faster, cheaper, and more efficient.<\/p>\n<p data-start=\"339\" data-end=\"521\">Lately, meme coins have flooded the market, making Solana overcrowded. Things got worse when Donald Trump&rsquo;s team launched the TRUMP and MELANIA coins, adding to network congestion.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Solaxy is making waves as the first Layer-2 scaler for Solana, tackling network congestion with its rollup tech. With $22M+ in funding and rising community support, Solaxy could boost Solana&rsquo;s price, potentially hitting $300 by 2025. How do you see its impact?<\/p>\n<p>&mdash; Doge Terminal AI (@DogeTerminalAI) <a href=\"https:\/\/twitter.com\/DogeTerminalAI\/status\/1900754592834408661?ref_src=twsrc%5Etfw\">March 15, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p data-start=\"523\" data-end=\"659\">Solaxy aims to fix this issue by using its layer 2 sidechain to offload transactions from Solana&rsquo;s mainnet. This will help reduce congestion and lower fees.<\/p>\n<p data-start=\"661\" data-end=\"883\">Beyond improving network efficiency, Solaxy is also making life easier for developers with ready plug-and-play tools that simplify building on Solana.<\/p>\n<p data-start=\"661\" data-end=\"883\">Whether you&rsquo;re starting a new project or improving an existing one, Solaxy is designed to keep things smooth and fast.<\/p>\n<p data-pm-slice=\"1 1 []\">SOLX is set to be the first project to integrate this technology while connecting Solana with Ethereum, creating a more potent and scalable Web3 infrastructure.<\/p>\n<p data-start=\"288\" data-end=\"507\">99Bitcoins, a prominent YouTube crypto channel with over 725K subscribers, says SOLX has the potential to soar 100X after its launch.<\/p>\n<p><iframe title=\"BEST 3 Meme Coins to Buy Now Before 2025?! (New 100X Potential Crypto!?)\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/7usUlycZEUs?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>Those interested in buying the meme coin can do so through the widget embedded on the crypto&rsquo;s website.<\/p>\n<p>SOLX sells for $0.001664 and can be bought with a crypto or bank card. After buying SOLX, investors can stake their tokens for a huge 155% annual yield.<\/p>\n<p>Investors looking to get the best deal will want to buy before a price hike in a little more than 1 day.<\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/solaxy\" rel=\"nofollow\">Visit the Solaxy website here.<\/a><\/p>\n<h3>Related Articles:<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/binance-lands-biggest-ever-2-billion-investment-from-abu-dhabi-ai-investor-mgx\">Binance Lands Biggest Ever Crypto Investment&nbsp;<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/jpmorgan-goldman-sachs-hike-recession-odds-on-extreme-trump-policies-amid-crypto-stock-market-crash\">JPMorgan, Goldman Sachs Hike Recession Odds<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/beeples-crypto-is-bullshit-nfts-top-in-sales-amid-crypto-bear-market\">Beeple&rsquo;s &lsquo;Crypto Is Bullshit NFTs&rsquo; Top In Sales<\/a><\/li>\n<\/ul>\n                                     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href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1965,"featured_media":625971,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[15057],"tags":[7598,5383],"class_list":["post-635667","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sponsored","tag-crypto","tag-market-analysis"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Solana Price Surges 7% As This SOL Layer 2 Eyes $27M<\/title>\n<meta name=\"description\" content=\"The Solana price jumped 7%, despite the failure of the SIMD-228 vote, while Solana\u2019s first Layer-2 ICO heads for $27 million.\" \/>\n<meta name=\"robots\" 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