Solana News: SOL Faces Potential Macro Trend Shift Amid Market Turmoil

In a volatile crypto market, Solana (SOL) is experiencing significant challenges, as indicated by its recent price movements and analyst insights.

Solana (SOL) Potentially Experiencing Macro Trend Shift

Solana (SOL) is trading at its lowest price level since September 2024, amidst a struggling crypto market with fear and intense selling pressure. SOL has lost over 55% of its value in less than six weeks, erasing gains from its post-election rally. Top analyst Ali Martinez has stated that Solana appears to be shifting from a bullish to bearish macro trend. If SOL fails to recover key levels soon, it could signal a deeper downtrend.

Crypto Whales Accumulating Solana ($SOL) Amid Market Dip

As the crypto markets experienced a significant downturn following Bybit’s recovery from a major theft, major cryptocurrencies like Bitcoin ($BTC) and Ethereum ($ETH) saw declines of around 20% and 26%, respectively. Solana ($SOL) also suffered, dropping by 25% and 57% from its all-time high. Despite the bearish sentiment, on-chain analysts observed bullish whale activity around SOL, with one whale purchasing 50,000 SOL worth $6.77M recently. This highlights potential buying opportunities for investors.

Solana (SOL) Price Prediction for February 28, 2025

As of February 28, 2025, Solana (SOL) is trading at $144.58, up 7.08% in the last 24 hours. After a period of volatility, SOL reached a low of $130 earlier today before rebounding. The current price is above the 50-day moving average, suggesting potential bullish momentum. However, SOL is trading below the 200-day moving average, which may indicate a prolonged bearish trend.

CME Group to Introduce Solana Futures on March 17, 2025

CME Group announced that it will introduce Solana (SOL) futures on March 17, 2025, pending regulatory approval. The move broadens its crypto derivatives lineup with new altcoin futures and supports institutional strategies for hedging and diversified exposure. The contracts will be available in two sizes—25 SOL and 500 SOL—and will be cash-settled using the CME CF. This step further integrates crypto innovations into established markets.