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Solana’s Future Outlook: Experts Predict 102% Upside Despite Current Decline

Solana’s Future Outlook: Experts Predict 102% Upside Despite Current Decline

Author:
SOL News
Published:
2025-03-30 17:13:07
20
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Despite facing a decline in March 2025, experts remain optimistic about Solana’s (SOL) future prospects, predicting a potential 102% upside. Here’s a closer look at the factors influencing SOL’s market performance and why analysts are still bullish on this cryptocurrency.

Solana Struggles Amid March Decline: Why Experts Still See 102% Upside

The cryptocurrency market has been increasingly volatile in 2025. Although favorable regulation seems promising, prices have struggled. Solana (SOL) has seen a continued decline, but experts are still hopeful for a 102% upside in its future. SOL was expected to be a major player in the digital asset sector in 2025, but the market downturn has affected these hopes. However, analysts remain optimistic about SOL’s potential to reverse its March drop.

Tiger King Launches Solana-based Meme Coin from Jail

Tiger King, who has been in jail for seven years, launched the “Official Tiger King” token on Solana through his lawyers. The token began trading on Monday under the ticker name EXOTIC. Most celebrity tokens often end up as viral memes with decreasing value, but Tiger King hopes his token will be different and have a purpose. He is concerned about potential rug pulls and insider trading allegations ruining his reputation.

Solana: Major Pullback Could Be on the Horizon

Solana’s $127 price level is a critical technical marker, serving as both support and resistance. If SOL breaks through this level, it could target higher resistance levels such as $140 and $150. However, several factors challenge this, including weak DeFi activity and market uncertainty leading traders to unstake SOL, adding potential selling pressure. Recently, a whale unstaked 60,298 SOL at $127, reinforcing this level as a strong supply zone.

Solana (SOL) Risks Dropping Below $110 as Bears Take Control

Technical indicators such as a death cross, a rising ADX, and a red Ichimoku Cloud suggest growing downside pressure on Solana (SOL). The Ichimoku Cloud chart for SOL shows a bearish structure with price trading below key lines, and the Lagging Span reinforces the negative outlook. The cloud ahead is red and descending, indicating strong resistance in the NEAR term. SOL has struggled to break above short-term resistance levels and remains stuck in a downward channel.

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