Solana News: Recent Surge in SOL Price Amid Longer-Term Decline

Solana (SOL) Price Prediction for March 3

The current trading price of $160.79 is Solana (SOL), showing a notable 11.87% rally over the past 24 hours. This recent surge is a bright spot amid a challenging 30-day period where SOL has declined by 29.32%. The short-term bullish momentum may be driven by renewed investor interest, positive news related to network upgrades, or broader market recovery signals. However, the longer-term decline suggests that underlying pressures still weigh on the token. The 20-day and 50-day Simple Moving Averages (SMAs) provide insight into SOL’s near-term trend. Currently, SOL’s price is testing the support area close to these averages. If the price holds above the 20-day SMA, it could indicate that the recent rally is gaining strength.

Paws Listing Date Set for March: $PAWS Staking to Go Live Soon

On March 2, Paws Labs announced the much-awaited Paws staking details. Paws token holders are eagerly anticipating the upcoming Paws staking launch on the Jito Staking Pool, a prominent liquid staking platform on the Solana blockchain. With this development, users can stake their SOL tokens and receive JitoSOL in return, allowing them to earn Jito Staking rewards while maintaining liquidity. This feature enables users to participate in other activities on the Solana network without locking their funds permanently.

Trump’s ‘Crypto Strategic Reserve’ Mentions Solana – SOL Price Surge

Solana (SOL) has experienced an 11% jump in the past 24 hours, rallying back to $159 after US President Donald Trump mentioned SOL as a potential candidate for a crypto strategic reserve. This move has helped SOL recover by 25% since hitting a five-month low of $127 on Friday, although it is still down by 30% in the last 30 days. Trump’s explicit support for Solana highlights the coin’s long-term potential, with its fundamentals remaining strong. With key updates expected this year and hopes for an end to recent tariff issues, the long-term price prediction for Solana continues to be promising.

Solana Leads Monthly DEX Volume for Fifth Month

In a recent report, Solana has emerged as the leader in monthly Decentralized Exchange (DEX) volume, surpassing all other chains for the fifth straight month. Solana’s DEX volume for February 2025 reached $105.857 billion, maintaining its top position among various blockchain networks. This impressive streak showcases Solana’s growing dominance in the decentralized finance (DeFi) space.