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Solana News: Price Rebound Faces Uncertainty Amid SEC Delay and Pullback Fears

Solana News: Price Rebound Faces Uncertainty Amid SEC Delay and Pullback Fears

Author:
SOL News
Published:
2025-03-12 13:56:30
23
3
[TRADE_PLUGIN]SOLUSDT,SOLUSDT[/TRADE_PLUGIN]

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Solana’s (SOL) price has shown some recovery, but concerns about a potential pullback and regulatory hurdles continue to cast a shadow over its future prospects.

Bearish Clouds Hover Over the Solana (SOL) Price Rally Despite a Rebound—Here’s Why!

The crypto markets saw relief with updates about tariffs and a ceasefire between Ukraine & Russia. This boosted investor confidence, positively impacting Bitcoin and altcoins. Solana’s price rebounded above $120, but the fear of a pullback persists until it secures pivotal resistance. Recently, the SEC delayed its decision on Solana ETFs.

Solana Slides Below Key Support Level, Dropping 52%

Solana (SOL), once a top contender in the cryptocurrency space, is experiencing significant challenges as its price drops below key support levels, seeing a dramatic 52% decline. This sharp fall comes amidst broader market volatility and increased competition, signaling a shift in the dominance of altcoins. Meanwhile, Coldware (COLD) is positioning itself as a promising alternative with a focus on blockchain innovation and growth, particularly in tokenizing real-world assets.

Solana Price Prediction: SOL Primed To Go Back To ATHs

Experts are buzzing with a solana price prediction that hints at a return to its glory days. Solana (SOL) hit a jaw-dropping ATH of $293.31 in January 2025, fueled by some headline-making moments such as the launch of the “Official Trump” meme coin and a bold U.S. strategic crypto reserve announcement. SOL eyes a comeback, but Rollblock (RBLK), a unique crypto casino platform, is also stealing the spotlight with its March rally.

Solana (SOL) At Risk of Falling Below $110 After 38% Plunge

SOL has plunged 38% in 30 days, dropping below $120, its lowest level since February 2024. The bearish momentum threatens a fall under $110. Coinglass data shows $27.3M in liquidations, with SOL hitting $114, falling below its $134 realized price since May 2022. Solana’s revenue plummeted 93% to $4M, while DeFi TVL halved to $6.38B, reinforcing bearish sentiment. With sellers in control, SOL now faces crucial support levels, while any recovery requires breaking key resistance zones. The broader cryptocurrency market is also experiencing a downturn due to global trade tensions.

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