Solana News: Price Rejected at $147, Future Target in Doubt Amid Waning Sentiment

In a recent market update, Solana (SOL) has faced a setback, with its price failing to sustain above the $147 mark. This has led to a decline in trader sentiment and raised questions about the cryptocurrency’s ability to reclaim higher levels. Here’s a closer look at the developments.

Solana Price Rejected at $147, Trader Sentiment Fades

Solana (SOL) price lost bullish momentum after failing to sustain above $147 on March 25. The native token now trades NEAR $137, down 8% from last week’s peak. The rejection has raised doubts about SOL’s ability to reclaim the $150 level, which had previously acted as resistance. Solana’s onchain activity has fallen despite stable total value locked (TVL) levels. DefiLlama reported that Solana’s DApp revenues dropped from $23.7 million to $12 million in two weeks, and base layer fees declined from $6.6 million to $3.6 million. TVL remained steady at 53.2 million SOL, indicating fewer active users despite locked capital.

SOL Faces Tough Resistance, XYZVerse Attracts Early Investors

The cryptocurrency market sees contrasting developments as Solana (SOL) struggles to overcome price hurdles. Meanwhile, XYZVerse, a new platform, draws early backers with a massive 10 billion XYZ token giveaway. Investors are closely monitoring these shifts, curious about the potential impact on their portfolios.

Solana Price Prediction and Remittix’s Presale Streak

The recent market talk is of Solana’s (SOL) potential to hit four-figure heights. SOL is currently trading at about $141.92, challenging resistance at $147. While SOL’s blockchain milestones and headline-making hires may spark a rush to $1000, another altcoin, Remittix, which is sub-$0.10, is tipped to break $10 first. Remittix captures investor attention with its vow of fast, low-cost transactions. This article takes a look at Solana’s near-term price prospects, Remittix’s blazing presale streak, and what both can portend for 2025’s market.

Will Solana (SOL) Ever Hit $500? Analysts Say Not This Year; Rollblock Emerges as Blockchain Gaming Contender

Solana is showing strong signs of recovery following institutional interest, which has spurred renewed interest following strong 2024 momentum. Should this interest continue, Solana could break through crucial resistance levels and re-establish itself as the leading altcoin in terms of hype and market sentiment in this cycle. Meanwhile, Rollblock is transforming the blockchain gaming scene by combining classic casino gameplay with Web3 innovation through its play-to-earn ecosystem. As the iGaming market gains traction, Rollblock is emerging as a serious contender with breakout potential, set to echo the explosive rise of gaming tokens in 2021.