Along with the upper encrypted currencies, Solana is also difficult. The coded currency has exceeded the sixth of $ 150, and it aims to obtain a huge tour of the bull.
Despite the Death Cross event, the short -term recovery indicates a bullish return to $ 160. Will this bullish momentum rise to the price of Sol to the $ 200 sign? Let’s discover.
Solana again in the game: Sol prices cross $ 150
In the daily graph, the Sol price trend reveals a bullish candle with a recovery during the day by 3.60 %. Currently, Sol is trading at $ 151.58, which represents its third consecutive day.
Low rejection of prices in Solana, with support from $ 125-130 dollars, eventually leads to a return. However, moreover, the recovery process in Sol has led to a positive intersection in MACD lines and signal lines. Thus, the technical indicator represents a bullish sign for Sol.
However, the EMA lines for 50 and 200 days in the declining direction gave an event to death. Meanwhile, the retreating trend in EMA 100 and 200 days also won a negative intersection.
However, the process of recovery in Solana is on her way to gradually overcome the shadow of the fall by 20 % on March 3. The immediate resistance in Seoul is the EMA line for 20 days at $ 161. Meanwhile, the $ 140 support level is the immediate demand area.
The market share in the size of Solana Dex offers a difficult competition for ETAREUM
With a gradually recovery of the Sol price, Solafloor highlighted a new record. According to tweetThe Solana Dex size completely exceeded the ecological system of ETHEREUM, which includes layer 1 and Layer 2, in February.
📊 Report: Solana DEXS size briefly exceeded ETHEREUM (L1+L2) in February, despite the collapse of Memecoin.
– Vank’s report pic.twitter.com/bdsybkitm
– Solanafloor (Solanafloor) March 6, 2025
This tremendous recovery comes despite the Solana -based Meme Coin. Thus, the declining trend in the Ethereum and Layer 2 market share dominates 40 % of the market share in the size of DeX.
Meanwhile, Solana is currently about 30 %. However, in February, Solana briefly exceeded the ETHEREUM and Layer 2 market share. In general, the bullish trend was in Solana and the retreating trend of ETHEREUM and Layer 2 Market market share.
Given the continued prevailing trend, Solana’s share in the market is expected to rise in the size of DeX in 2025.
Solana price goals
Based on the analysis of price traffic, a rapid recovery in Suladnam can reach stability in the broader market to the EMA line for 50 days at $ 181. However, the rise of volatility in the encryption market due to a sudden announcement by Donald Trump or other major influencers may lead to a decline to $ 130.
