Solana Faces Bearish Trend: Future Target Price Uncertain Amid Market Volatility

A brief look into the current state of Solana’s ($SOL) market performance and the factors influencing its price movements.

Solana ($SOL) Faces Bearish Trend Amid Recovery Attempts

Solana ($SOL) is experiencing a bearish price momentum with a 1.18% decrease in price over the past 24 hours, trading at $124.45 as of April 2, 2025. This slight downtrend follows a minor upsurge witnessed the previous day and could be attributed to wider market uncertainty due to macroeconomic developments. Despite consistent attempts to bounce back, $SOL continues to face price resistance. The current price dip highlights a slight decrease in market demand, but a significant price jump is expected soon.

3 High-Upside Meme Coins to Watch During Market Dip

When markets pull back, smart investors prepare rather than panic. Meme coins often explode in value once momentum returns, and many are currently trading at discounts. With a potential bull run on the horizon, here are three meme coins worth watching: Solana ($SOL), which has become the go-to blockchain for launching high-flying meme coins, and two others not specified in this summary.

Solana Included in Grayscale’s New ETF Bid — Is Wall Street Finally Warming Up?

Solana has been included in Grayscale’s new ETF bid, which could result in the first spot-based SOL ETF in the US. However, despite this positive news, Solana’s price has fallen by 2% in the past 24 hours and remains down by significant percentages in the past week, month, and year. Grayscale has filed to convert its Digital Large Cap Fund into an ETF, which includes SOL along with Bitcoin, Ethereum, Cardano, and XRP. Despite the current price decline, Solana’s fundamentals remain strong, and with deadlines for SOL ETFs approaching, the coming months could be more positive for the altcoin.

Solana [SOL] Could Drop by 37% - Technical Analysis

Solana [SOL] may decline by 37% to hit the next support at $77 if it fails to maintain the $118 level. Traders have placed $127 million worth of short bets anticipating the price won’t surpass $128. SOL is weakening amidst market uncertainty and has already lost over 56% of its value from its January 2025 peak. In the last 24 hours, SOL recorded a 2% price drop and was trading NEAR $123.50. Technical analysis suggests SOL has broken out of a bearish flag-and-pole pattern.