Solana Surges by 8.59% on 15th March, $SOL Price Analysis

cryptonews.net 15/03/2025 - 18:14 PM

The Price Value of Solana ($SOL)

The price value of Solana ($SOL) is witnessing continuous spikes with an 8.59% increase over the past twenty-four hours. Yesterday, after dropping to $121.30, Solana has been experiencing a significant rise. This bullish momentum indicates the cryptocurrency’s potential for considerable growth in the near term, likely aiming for the $148 mark.

Current Price

At the moment, Solana ($SOL) is trading at $135.14, indicating a surge of 8.59% in the last 24 hours.

$SOL Statistical Data:

  • Market Cap: $68,654,502,516.35
  • Volume: $3,176,380,663.43
  • Supply: Cumulative and circulating supply stands at 596,188,716.75 $SOL and 509,706,583.18 $SOL, respectively.

Price Analysis

The day started with SOL’s price at $125.16, but after some fluctuations, it is currently at $135.14. On March 14, 2025, SOL reached this price but then faced a drop, establishing it as an immediate resistance level. However, the coin is attempting to regain this price level once again, showcasing its bullish momentum.

Support and Resistance Levels

  • Resistance Levels:

    1. $135.64
    2. $139.40
    3. $143.67
  • Support Levels:

    1. $121.35
    2. $118.86
    3. $115.91

Price Prediction

Considering SOL’s continuous price uptrend, the overall bullish sentiment raises possibilities for further price increases. Solana (SOL) is expected to reach around $137 in the near term. Additionally, if the current bullish momentum persists, a potential 10.37% increase could see $SOL touching $148.13 in the following month. Breaking through the key resistance level of $139.40 could likely facilitate achieving new highs.




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    Greed and Fear Index

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    Greed

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