Solana News: Potential Price Reversal Looms as Market Sentiment Remains Mixed

Recent developments in the Solana ecosystem suggest that the cryptocurrency’s price may be poised for a reversal, with market sentiment remaining uncertain. Here’s a closer look at the key factors influencing Solana’s market prospects.

Solana Price To Face Reversal From $150 As Death Cross Closes In

A crucial moment is approaching that could trigger a potential reversal in Solana’s price action, leaving its chances of breaking $150 uncertain. Solana’s market sentiment is mixed, with network activity outpacing actual transaction activity. The NVT Ratio for SOL hit a 5-month high, suggesting that while investors are optimistic, the network is not seeing significant adoption or engagement. Fidelity’s filing of a spot SOL ETF with CBOE has fueled some optimism, but this has not yet translated into substantial network growth.

Solana Price Climbs, Volume Dips

Solana (SOL) price gains and trades at $143.86, up 2.78% in the last 24 hours. The daily trade volume is down 2.65%. Solana gained 14.12% in the last 7 days, with a total market capitalization of $73,581,299,667. The top gainers of the last 24 hours are Movement, Fartcoin, and Curve DAO Token, while the top losers are Pi, Four, and PancakeSwap.

BlackRock Expands Crypto Footprint with BUIDL Fund on Solana Blockchain

BlackRock has strengthened its cryptocurrency initiatives by launching its BUIDL money market fund on the Solana blockchain. BUIDL, which initially launched on Ethereum in early 2024, now targets Solana as its next move. This expansion follows the one-year anniversary of BUIDL’s launch and marks an important step in the continued institutional adoption of tokenized real-world assets.

Solana ($SOL) Sees 2% Daily Gain on March 26, 2025

The latest price performance of Solana ($SOL) indicates a notable price upsurge of 2.00% over the recent 24 hours. The current price stands at $142.06, surpassing the $140 resistance mark. With this price spike, $SOL highlights the increasing possibility for more price surges amid the overall rising investor momentum. Solana’s market capitalization is $72,734,527,978.67.