Key Takeaways
- Solana’s (SOL) price prediction for March 2025 could take a new turn if the price fails to break above $180 to $200 support.
- SOL price trading below 50-day and 200-day EMAs on a daily timeframe means strong bearish dominance for price.
- Key support for SOL price needs to hold to prevent a bearish price sell-off towards $80.
Solana (SOL) has had a rollercoaster of price action in the past few weeks, crashing from its all-time high of $295 to a region of $130. The price of SOL has continued to struggle in the last few weeks, following whales and investors dumping their assets.
Despite the sudden market bounce, the overall trend for the crypto market, including Solana, has remained cautious. Traders and investors are careful not to give too much to the market following Solana’s performance in the past few months, which raised much hype about Solana’s (SOL) price prediction hitting $1,000 before the end of the bull market.
Bitcoin’s price bounce following Trump’s announcement generated a positive price action for many crypto assets, including SOL. Still, the price has failed to meet up to this hype as SOL’s price has struggled to break above its key resistance of $180 for a possible price rally to $200.
Solana’s trading volume on DEX (Decentralized Exchange) has remained in the top position by volume despite current market uncertainties. Investors and retailers have adopted the Solana chain due to its ease of use, fast transactions, and low trading fees compared to other blockchain networks.
Solana (SOL) Price Prediction For March 2025 – Will Price Hit $1,000 Anytime Soon?
Source – Solana (SOL) Price Prediction For March 2025 on TradingView
Following the price crash of Solana (SOL) from a region of $295 to a low of $130, which was over 35%, the price of Solana (SOL) witnessed a price bounce from around $120 to a high of $180 as the price failed to close above this region, which acted as support for the price.
The price of SOL was rejected from that region as it could be headed toward the $130 support zone, which would hold it from trading lower. If the price of SOL continues to trade around $130 support, it would be challenging for it to resume its bullish price action to the upside and a subsequent Solana (SOL) price prediction for March 2025, as the price could trade in a range of $130 to $120.
Solana’s (SOL) price trading below its 50-day and 200-day EMAs (Exponential Moving Averages) on the daily timeframe continues to favor bearish price action with a possible death-cross which could heighten bearish dominance on SOL price as price needs to protect itself from falling below $120.
If the price of SOL trades above its key major resistance of $200, we could see a price rally towards $260 and a possible attempt to break its previous all-time highs. Current price action for altcoins remains a key focus for traders and investors ahead of price recovery.
Key Solana (SOL) Support – $120, $130
Key Solana (SOL) Resistance – $180, $260
