Solana (SOL) is making headlines once more because it swings up and down, leaving merchants questioning if it is going to ever hit $200 once more or drop decrease.
The cryptocurrency noticed a giant pump on March 2nd after President Donald Trump announced the Crypto Strategic Reserve with a listing together with SOL, together with XRP, Bitcoin, Etheurm, and Cardano. Trump made it clear that he needs the U.S. to steer in crypto.
Buyers took the information as a bullish signal; they pumped the coin, however not for lengthy, because it began to drop in worth as soon as once more
Proper now, Solana is buying and selling at $145.14, transferring between $140.43 and $149.49 within the final 24 hours. It’s nonetheless removed from its all-time excessive of $294.33 in January 2025, however some imagine it may get there once more. Nevertheless, analyst imagine $200 shouldn’t be one thing Sol can simply cross, and it might even drop farther from the present worth.
Will Solana crash to $75?
Crypto analyst @CryptoJobs3 on X thinks Solana will keep between the $153 and $138 worth vary for now. He sees $118 to $125 as a powerful help zone that the worth is prone to respect. But when SOL drops under $115, it may crash to $75 or $80. On the flip aspect, a break above $155 may push it to $180 or $185.
One other dealer, TB21Crypto gave an identical. He stated $126 is a vital stage. If Solana loses this help, it may result in an even bigger downtrend.
“The coin has proven extraordinarily robust worth motion on this bull market cycle. It’s nonetheless holding the help zone at $126. If SOL loses this stage, which aligns with the 0.236 Fibonacci retracement, a downtrend may start,” he tweeted.
In the meantime, Analyst Marzell is extraordinarily bullish together with his prediction. He factors out that SOL and surge by 45% from its help stage of $120. He believes this rally will proceed for some time and sees a attainable 90% to 162$ surge with worth targets of $296.38, $339.55, and $384.56.
Furthermore, technical indicators just like the Relative Power Index (RSI) on the weekly time-frame are exhibiting that the coin is about to enter an oversold situation, which implies the promoting stress may quickly be over, and the bulls may most likely take over.
Nevertheless, the dangers nonetheless stay, and nothing is for certain. The following few days will inform what occurs subsequent.
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