{"id":638356,"date":"2025-03-25T10:39:11","date_gmt":"2025-03-25T10:39:11","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=638356"},"modified":"2025-03-25T10:39:11","modified_gmt":"2025-03-25T10:39:11","slug":"solana-price-prediction-sol-pumps-12-in-a-week-as-this-layer-2-crypto-ico-closes-on-28-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/sponsored\/solana-price-prediction-sol-pumps-12-in-a-week-as-this-layer-2-crypto-ico-closes-on-28-million","title":{"rendered":"Solana Price Prediction: SOL Pumps 12% In A Week As This Layer-2 Crypto ICO Closes On $28 Million"},"content":{"rendered":"

The Solana price increased 12% in the last week and 1% in the last 24 hours to trade at $139.51 as of 3:30 a.m. EST on trading volume that surged 27% to $3.53 billion.<\/p>\n

The SOL price was surging early last week when it encountered a resistance at $135, which rejected it to a value just below $130.<\/p>\n

After this level held it from going further up between late March 20 and early March 23, SOL managed to breach it yesterday and surge to $145. This was the next resistance to reject the price, knocking it down to just under $140, which is where it sits right now.<\/p>\n

Solana Price Prediction<\/h2>\n

As mentioned, Solana’s price saw a small price<\/a> dip after hitting the value of $145, which is why it sits at roughly the same place as 24 hours ago. Fortunately for the project’s investors, the dip was fairly minor in comparison to the surge seen in the last two days, suggesting that this is not a major sell-off, but rather just traders taking profit.<\/p>\n

The token’s Bollinger Bands have maintained a relatively consistent width in the last 24 hours, with a few moments when they would widen due to a sudden increase in activity.<\/p>\n

\"Solana<\/p>\n

SOL\/USDT chart analysis (Source: TradingView)<\/p>\n

The project’s Relative Strength Index (RSI), on the other hand, ventured deeply into the overbought zone yesterday, reaching the value of 80, and fluctuating between it and 70 for most of the day. Then, traders decided to take profit, and the number of sales increased, causing the RSI to drop to the oversold zone.<\/p>\n

Right now, however, the metric is on the rise again, suggesting that traders have started buying the dip and that the price is likely to follow with another increase. This could mean a potential return to the value of $145 and a re-testing of resistance.<\/p>\n

Promising Alternative To Solana<\/h2>\n

With the SOL price having a major barrier above it, investors have started turning to Solaxy (SOLX)<\/a> as a new investment opportunity that could lead to major gains.<\/p>\n

Solaxy is a new token in the Solana ecosystem, and introduces the first-ever layer-2 chain for Solana. It emerged due to Solana’s recent scalability issues, which started when its ecosystem started seeing massive amounts of traffic that proved too much for it to handle.<\/p>\n

With Solana’s network suffering from congestion and causing transaction failures as a result of it, Solaxy has become a highly needed solution, which is why the project has turned into one of the biggest ICOs of 2025 so far, raising over $27.8 million in the last few months.<\/p>\n

\n

POV: That face you make when you miss your chance to join the $SOLX<\/a> revolution 🛸😢 pic.twitter.com\/FNdxXJCfyS<\/a><\/p>\n

— SOLAXY (@SOLAXYTOKEN) March 24, 2025<\/a><\/p><\/blockquote>\n