Solana News: SOL Rebounds Over $180 After LIBRA Fallout

Solana (SOL) experiences a significant rebound, briefly surpassing the $180 mark for the first time since its LIBRA-induced slump. Despite recent gains, the token remains in a slump compared to its performance over the past month.

SOL Rebounds 4.3%, Surpassing $180 After LIBRA Fallout

Solana (SOL) has experienced a rebound of 4.3%, briefly crossing over the $180 threshold. This is the first time SOL has gone over $180 since its LIBRA-induced slump. On Feb. 21, Solana reached a daily high of $180.19 before retracting slightly to around $178. The token has gone up by nearly 3% in the past 24 hours and is currently trading at $178.79. Despite the recent rebound, Solana has been in a slump for the past month, declining by more than 30%.

Institutional Investors Hoarding Solana and DTX Exchange

As the Solana price experiences a 27% monthly decline to $174, institutional buyers are reportedly accumulating SOL in anticipation of a significant $2.2 billion token unlock on March 1. Meanwhile, DTX Exchange, a hybrid trading platform, is announcing itself as a potential game-changer with its presale surging 800% in its bonus round at $0.18. Market analysts suggest both assets could see dramatic moves this month, with the hybrid platform’s no KYC model and 1000x leverage predicted as catalysts for March’s 10x opportunities.

Solana Price Analysis: SOL's Volume Drops 28% — Is It Losing Steam? Hedge Funds Are Already Loading Up On This AI Coin.

The recent decline in Solana (SOL) activity, with a 28% drop in price volume, has sparked concerns about its future trajectory. Hedge funds are now eyeing WallitIQ (WLTQ), a rapidly emerging AI coin with groundbreaking potential, as SOL's DEX activity takes a significant hit. As of February 17, 2025, the SOL price has been under pressure, signaling a possible cooling of the momentum that drove its previous surge.

Solana Eyes $180 Breakout, Potential for $260 Surge

Solana (SOL) has been making waves recently, experiencing a notable recovery in the broader cryptocurrency market. After a 4.24% price surge, the token surpassed the $175 mark. Solana had previously faced a downturn, dropping by nearly 35% from the $260 resistance zone. However, with this recent price movement, Solana has positioned itself for a possible breakout. All eyes are now on the crucial $180 resistance zone.