{"id":636631,"date":"2025-03-19T09:22:24","date_gmt":"2025-03-19T09:22:24","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=636631"},"modified":"2025-03-19T09:22:24","modified_gmt":"2025-03-19T09:22:24","slug":"solana-price-prediction-can-sol-rally-to-150-amid-trxs-founder-justin-sun-collab-announcement-and-this-solana-layer-2-ico-closes-on-27m","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/press-releases\/solana-price-prediction-can-sol-rally-to-150-amid-trxs-founder-justin-sun-collab-announcement-and-this-solana-layer-2-ico-closes-on-27m","title":{"rendered":"Solana Price Prediction: Can SOL Rally To $150 Amid TRX\u2019s Founder Justin Sun Collab Announcement And This Solana Layer 2 ICO Closes On $27M"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The Solana price edged up almost 2% in the past 24 hours to trade at $126.4 as of 2:12 a.m. EST on trading volume that dropped 23% to $2.4 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This comes after Tron Founder Justin Sun announced on Tuesday that the TRX token will soon be on the Solana blockchain.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">There is anticipation of the wider adoption of the TRX on Solana, with investors looking forward to better interoperability, faster transactions, and attracting interest from investors and traders.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">TRX will be soon on solana. Ready to buy and collaborate &#129309;<\/p>\n<p>&mdash; H.E. Justin Sun &#127820; (@justinsuntron) <a href=\"https:\/\/twitter.com\/justinsuntron\/status\/1901957235695092149?ref_src=twsrc%5Etfw\">March 18, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">Integrating Solana could unlock new possibilities for decentralized finance (DeFi) applications and non-fungible tokens (NFTs), making TRX more attractive to developers and users.<\/span><\/p>\n<p><span style=\"font-weight: 400\">But what does it mean for the SOL price?<\/span><\/p>\n<h2><b>Solana Price On A Breakdown &ndash; Incoming Trend Reversal?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">The <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/solana\"><span style=\"font-weight: 400\">SOL price<\/span><\/a><span style=\"font-weight: 400\"> has been experiencing a notable decline in recent weeks, with the price currently hovering around $126.40.<\/span><\/p>\n<p><span style=\"font-weight: 400\">A key pattern visible on the chart is a double-top pattern, a classic bearish reversal formation.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to <\/span><a href=\"https:\/\/www.geckoterminal.com\/bsc\/pools\/0x1e4600929edf7f36b4a7eac4c7571057d82a246c\"><span style=\"font-weight: 400\">GeckoTerminal<\/span><\/a><span style=\"font-weight: 400\"> data, the peaks at (1) and (3) formed resistance, followed by a break below the neckline, which confirmed the downtrend.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This breakdown triggered a sharp price decline, pushing the Solana price below both the 50-day Simple Moving Average (SMA) ($167.23) and 200-day SMA ($183.12), indicating a bearish market structure.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The price of SOL has now reached a Fair Value Gap (FVG) zone, a potential area of support where liquidity might increase, leading to a reaction.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, the recent wave count label on the Elliott Wave structure suggests that the current price level might form wave 4, with a potential bounce to wave 5. If this plays out, Solana could see a temporary upward move.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Relative Strength Index (RSI) is at 40.16, which is approaching oversold conditions (30 and below). This suggests that selling momentum might be slowing down, and a reversal could be possible.<\/span><\/p>\n<figure id=\"attachment_636636\" aria-describedby=\"caption-attachment-636636\" style=\"width: 1637px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-636636 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/SOL_2025-03-19_10-12-11.png\" alt=\"Solana Price Chart Analysis Source: GeckoTerminal\" width=\"1637\" height=\"676\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/SOL_2025-03-19_10-12-11.png 1637w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/SOL_2025-03-19_10-12-11-300x124.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/SOL_2025-03-19_10-12-11-1024x423.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/SOL_2025-03-19_10-12-11-768x317.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/SOL_2025-03-19_10-12-11-1536x634.png 1536w\" sizes=\"(max-width: 1637px) 100vw, 1637px\"><figcaption id=\"caption-attachment-636636\" class=\"wp-caption-text\">SOL\/USDT Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n<h2><b>SOL Price Aims For Prices Above $150<\/b><\/h2>\n<p><span style=\"font-weight: 400\">According to the SOL\/USDT chart analysis on the 1-day timeframe, the Solana price has entered a potential bottoming zone after a strong correction.<\/span><\/p>\n<p><span style=\"font-weight: 400\">If the FVG support holds, we could see a short-term recovery toward $150-$160 (wave 5 target). However, for a full bullish reversal, the price of Solana must reclaim the 50-day SMA ($167.23) and break above the $183.12 level.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, if selling pressure continues and SOL loses the $120 support, the following key level could be $100, marking a deeper retracement.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, investors are buying a new Solana meme coin called <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/solaxy\" rel=\"nofollow\"><span style=\"font-weight: 400\">Solaxy (SOLX)<\/span><\/a><span style=\"font-weight: 400\">, which 99Bitcoins, a popular crypto channel on YouTube with over 725K subscribers, says might soar 10x after launch.<\/span><\/p>\n<p><iframe title=\"Solaxy Raises $25,000,000 - New 10X Potential Solana Layer 2 Crypto?!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/XE3A3GacQCc?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<h2><b>Solaxy Presale Closing On The $27 Million Mark<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Solaxy, a new layer-2 scaling solution for Solana, has raised more than $26.9 million in its presale.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The project aims to address Solana&rsquo;s network congestion issues by implementing off-chain processing mechanisms similar to Ethereum&rsquo;s layer-2 solutions. This model has already been proven as a successful way to scale a blockchain through platforms like Arbitrum and Optimism.<\/span><\/p>\n<p><span style=\"font-weight: 400\">By processing transactions off of Solana&rsquo;s main chain, bundling them together, and submitting them to the mainnet for final verification, Solaxy&rsquo;s system enhances efficiency.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128680; Solaxy is now live in Upcoming Tokens! &#128680;<a href=\"https:\/\/twitter.com\/SOLAXYTOKEN?ref_src=twsrc%5Etfw\">@SOLAXYTOKEN<\/a> gives holders an opportunity to join the first-ever Solana Layer 2 blockchain. <\/p>\n<p>Solaxy is set to enhance blockchain innovation through limiting congestion, reducing failed transactions, and improving scalability on SOL.&hellip; <a href=\"https:\/\/t.co\/satNF6zFNF\">pic.twitter.com\/satNF6zFNF<\/a><\/p>\n<p>&mdash; Best Wallet (@BestWalletHQ) <a href=\"https:\/\/twitter.com\/BestWalletHQ\/status\/1869036158208147515?ref_src=twsrc%5Etfw\">December 17, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">This approach directly addresses one of Solana&rsquo;s biggest challenges: network congestion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Once launched, Solaxy will also provide a platform where developers can build decentralized applications or launch new tokens without compromising Solana&rsquo;s layer-1 capabilities.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens for $0.001668 each using BNB, ETH, USDT, or a bank card.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">Solaxy also offers holders who stake SOLX a huge annual yield of 151%.<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/solaxy\" rel=\"nofollow\"><span style=\"font-weight: 400\">Buy before a price hike in just under 35 hours to lock in the best deal<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<h2><strong>Related News<\/strong><\/h2>\n<ul>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/eos-network-rebrands-to-vaulta-to-focus-on-web3-banking-will-launch-new-token\"><span style=\"font-weight: 400\">EOS Network Rebrands To Vaulta To Focus On Web3 Banking<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/sponsored\/tron-price-prediction-trx-soars-4-as-founder-justin-sun-hints-on-integration-with-solana-while-traders-buy-this-crypto-index-with-time-running-out\"><span style=\"font-weight: 400\">TRX Soars 4%, While Traders Buy This Crypto Index With Time Running Out<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">&nbsp;<\/span><a 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                  \n            \n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">The Solana price edged up almost 2% in the past 24 hours to trade at $126.4 as of 2:12 a.m. EST on trading volume that <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1907,"featured_media":634212,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[14922],"tags":[],"class_list":["post-636631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases"],"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>Can Solana Price Hit $150 As This SOL Layer 2 ICO Nears 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