Solana Price Prediction: Will SOL Reclaim $200 Amid Bearish Pressures?
SOL Price Prediction
SOL Technical Analysis: Bearish Signals Dominate Amid Market Volatility
SOL is currently trading at, significantly below its 20-day moving average (MA) of, indicating bearish momentum. The MACD histogram shows a positive value of, but with the signal line at, the uptrend lacks conviction. Bollinger Bands suggest heightened volatility, with the price hovering NEAR the lower band at.says BTCC analyst Sophia.
Market Sentiment Mixed as SOL Faces Macro and Regulatory Headwinds
Negative news dominates SOL’s outlook:from FTX’s bankruptcy estate are set to unlock, creating potential sell pressure. The collapse of thememecoin has sparked political turmoil in Argentina and damaged Solana’s DEX ecosystem. While some predict a 2025 rally, recent price action shows SOL has.warns BTCC’s Sophia. Positive catalysts include 1Fuel’s Binance listing, but overall sentiment remains cautious.
Factors Influencing SOL’s Price
FTX Bankruptcy Saga Intensifies: 11.2 Million SOL Tokens Set to Unlock
The FTX bankruptcy saga takes a new turn as 11.2 million SOL tokens, worth approximately $2.06 billion, are scheduled to be unlocked on March 1st. This significant event follows the sale of SOL tokens in previous auctions, which have caused notable stir within the cryptocurrency industry. The upcoming unlock could potentially spark further volatility in the Solana market, thereby impacting FTX’s restructuring efforts.
Argentine President Faces Fraud Charges for Promoting “LIBRA” Memecoin
The “LIBRA” meme coin scandal involving Argentine President Javier Milei has triggered widespread discussion in the crypto world. Milei endorsed and even retweeted a tutorial on buying the Solana-based token, sending its price soaring before a dramatic collapse caused massive losses for investors. As a result, Milei now faces fraud charges for his alleged involvement in the token’s promotion. Lawyers raise concerns about its legitimacy and potential impact on the national stock market.
Solana Predicted to Reach New Highs by March 2025; 1Fuel’s Binance Listing Could Push OFT 100x
According to current price predictions, Solana is showing hopeful indications of recovery, and most analysts believe that by March 2025, SOL might reach new highs. Solana’s price may rise to between $250 and $400. Additionally, 1Fuel’s upcoming Binance listing has attracted considerable attention, with some experts predicting a possible 100x surge in the value of its token (OFT). Investors are closely watching both Solana and 1Fuel for potential big moves in the crypto space.
Libra Memecoin Collapse Sparks Resignations and Political Chaos
The dramatic collapse of the Solana-based Libra memecoin, once valued at $4.5 billion, has caused significant losses for retail investors and raised questions about insider activity in the memecoin sector. The token plummeted 95% over the weekend, sparking controversy, legal battles, and renewed scrutiny of the crypto market. One of the major talking points has been the political turmoil in Argentina, where President Javier Milei has been spotlighted following the token’s crash. While Milei argues that he only shared information about LIBRA, his perceived endorsement fueled investor interest before the project unraveled.
Bitget Daily Digest Highlights: Large-scale SOL Unlock Incoming and Kaito AI Updates
On-chain data reveals that a significant amount of SOL tokens, worth approximately $2.06 billion, is set to be unlocked on March 1st. These tokens were sold by FTX during their bankruptcy auction. Additionally, Kaito AI has announced plans for an NFT snapshot, providing opportunities for community participation.
Solana Price Drops to Lowest Since November 2024, Losing 43% Since January
Solana’s price has experienced a significant decline, losing around 43% since its peak in January. The asset, which reached $293 on January 19th, fell to a low of $163 by February 18th, marking its lowest price since November 2024. The decline was preceded by a period of volatility, including sharp rebounds and subsequent falls, driven by multiple memecoin rug pulls and value decline. Solana had recovered from a multi-year low in December 2022, reaching $257 in November of the previous year, but has since been affected by regulatory pressures and litigation following the FTX collapse and Coinbase lawsuits.
Solana Price Holds at $175: Can SOL Break Resistance or Face a Pullback?
The Solana (SOL) price is currently hovering around $175, a key level for the token. If it can maintain this level, there is potential for the price to rise towards $221. However, if it drops below $175, it may fall to $155 or even lower. Despite Solana’s strong market presence, its price is currently under pressure, making its future direction uncertain.
Solana Crashes 60% from Peak as Meme Coin Hype Fades
Solana (SOL) has experienced a sharp decline of nearly 60% from its January peak, primarily due to the fading excitement surrounding the meme coin market. Once propelled by the speculative minting of meme coins, Solana’s popularity has suffered as the bubble bursts and retail investors face significant losses from pump-and-dump schemes. The blockchain’s reliance on speculative trading is now being questioned as SOL trades below key support levels.
Cardano Founder Criticizes VC Coins, Warns of ’CrimeFi’
Cardano founder Charles Hoskinson has spoken out against ’VC coins’, calling them the ’last cycle’ and promoting the concept of ’CrimeFi’. His comments came in response to a community member’s criticism of VC-backed chains and their large token unlocks, which were compared to ’sophisticated CrimeFi’. The discussion highlighted concerns about the increasing influence of venture capital in the cryptocurrency market. Meanwhile, it was noted that 1.2 million SOL tokens, worth $2.06 billion, are set to unlock for VCs in March 2025, intensifying Solana’s ’VC chain’ label.
Solana Price Prediction: SOL Struggles Below $200, Risks Falling to $150
There has been growing concern about the Solana price as it broke below the $200 support level. The previous solana price prediction believed this range could provide good support for a bounce, but the recent price action suggests a less positive outlook. Investors are watching closely as SOL struggles to regain the lost ground, with $150 emerging as a potential new support level. Meanwhile, Avalanche (AVAX) and Remittix (RTX) are among the gainers in the crypto market, offering investors alternative opportunities.
Solana DEX Meteora Scrambles for Damage Control After LIBRA Fallout
Ben Chow, associated with Solana DEX Meteora, has resigned in the wake of the Libra scandal. Chow issued an apology, denying personally receiving or managing LIBRA and MELANIA outside of their platform. He clarified that Meteora’s involvement with LIBRA was limited to technical assistance and acknowledged mistakes in the launch product. Chow also admitted referring Hayden Davis of Kelsier Ventures to projects, including MELANIA, and providing IT support.
Will SOL Price Hit 200?
Reaching 200 USDT appears challenging in the near term. Key data points:
| Metric | Value | Implication |
|---|---|---|
| Current Price | 156.74 USDT | Requires 27.6% rally to hit 200 |
| 20-Day MA | 170.52 (Resistance) | Price below MA confirms downtrend |
| Bollinger Upper Band | 185.34 | Next major resistance zone |
| FTX Unlock | 11.2M SOL | Equivalent to $1.75B sell pressure |
Sophia notes: "SOL needs to overcome the 20-day MA and Bollinger midpoint at 170.52 first. With current headwinds, a test of 150 support seems more likely than a 200 breakout." Traders should monitor the FTX unlock timeline and Bitcoin’s market dominance for directional cues.
