Solana News: Price Volatility and Bearish Trend Continue as SOL Trades Below 50-Day SMA

Solana (SOL), a prominent cryptocurrency, is currently experiencing significant price volatility and a bearish trend. Here’s a closer look at the latest developments and price predictions for SOL.

Solana (SOL) Price Prediction for March 9

The current price of Solana (SOL) is around $128.11, showing recent volatility. Over the past 24 hours, SOL has seen a 6.58% decrease, indicating short-term sellers’ dominance. The 34.63% decline over the past 30 days highlights a persistent bearish trend. Despite setbacks, high trading volume during sell-offs suggests active participation by retail and institutional traders. SOL is currently trading below its 50-day SMA, impacting short-term price action.

BlockDAG, AAVE, ETH, & SOL Are the Top Crypto Performers Today—But Which Will Print the Biggest Profits?

Crypto in 2025 has been unpredictable with prices fluctuating rapidly. Some view the market as a gamble, while others see it as a goldmine. BlockDAG (BDAG), Aave (AAVE), Ethereum (ETH), and Solana (SOL) are reportedly the top crypto performers of this quarter due to strong backing, active development, and growing communities. While no one can guarantee which coin will explode next, these projects offer the highest possible profits and are exciting to watch.

Solana’s $130 Support in Trouble – Can SOL Bulls Step Up?

After breaking below the $200 support, Solana [SOL] plunged to $130, its lowest level in five months. The TD Sequential indicator flashed a strong buy signal, suggesting a potential trend reversal. However, trading volume collapsed by 61%, raising concerns about weak buying pressure. With market-wide volatility continuing to push high-cap assets below key support zones, an immediate recovery remains elusive.

William Banks Rugs $50k in Crypto for Palestine and Escapes Prison

William Banks, known for his unhinged performances in short films and underground comedy, made headlines in February after launching a Solana-based meme coin called White Moses (MOSES). Investors poured money into the project, causing its market cap to skyrocket to $257,000 in under an hour. However, Banks quickly dumped his holdings, tanking the price and leaving investors with nothing. His actions have sparked debates on social media, with some calling him a scammer and others hailing him as Robin Hood. The story played out in real-time on social media, proving once again that the crypto community is a unique and entertaining space.