Crypto Solana has decreased to $ 130, which represents the lowest level in the past five months, but what are the price expectations now?
The cryptocurrency witnessed a decrease 33 % last month and 8 % in the past 24 hours. This level represents a decisive demand area, which increases caution among investors.
Currently, the Sol price is 128.14 dollars, with a decrease in the market value to 65.22 billion dollars. Since the beginning of 2025, it was almost lost 29 % of its value.
References and open interest in the height of Crypto Solana: some estimates on predictions
Less decrease than the support level of $ 200 The current bear trend began. Technical indicators show mixed signals. The TD series recently indicated a strong purchase signalThis indicates a possible recovery in the price.
However, the Trading volume decreased by 61 %Which indicates poor purchase pressure. The absence of a “purchase of decline” reaction raises doubts about the possibility of recovery short term.
In daily plans, Red candles It dominates, indicating that achieving profit from the March march, which was approaching $ 180, still fixed the price.
the The Sol/BTC husband has also reached the lowest level in the past two yearsWhich indicates the weakest stage of this course.
The low price is severely traded. Within the past 24 hours, the qualifiers, which amounted to 26.55 million dollars, have affected the market, as the majority of losses (23.45 million dollars) have affected long positions.
This scenario indicates that many investors were expecting a recovery, but they were trapped due to the continuous decline in the price.
the Solana’s open attention increased by 1.63 %It reaches 3.95 billion dollars. This increase indicates a remaining interest in Sol trading, although accumulation weakened.
Last week, in fact, the open interest reached $ 5.31 billion when the Sol price was tested 180 dollars, but the rapid decrease to $ 4.20 billion 20.45 % of the gains In just 24 hours.
Memoine effect on the Solana network
Liquidity flows are another challenge for Sol. Since January, more than $ 9.5 billion has been released in USDC on Solana, but only part has been inserted into the distinctive symbol Sol.
A large part of the capital has instead turned into memecoinsReducing the flow of liquidity towards the main network code.
Moreover, the investor’s confidence was damaged by some of the defrauds related to the mines. A remarkable case included The scale symbol, which was promoted by Argentine President Javier MillieWhich turned into fraud.
The informed withdrew $ 107 million in the scale, causing a 94 % decrease in a few hours. This event destroyed nearly $ 4 billion in the value of investors, which increased pessimism towards the ecosystem of Solana.
Because of these issues, Many capitals leave the Solana network. In February alone, about $ 485 million was transferred to another place, with the main destination ethereumAnd the definition, and a smart series.
These exit signs a Decons of confidence in the network.
Solana’s difficulties are part of a wider context. complete Coded The market is in the bearWith a decrease in total value to $ 2.71 trillion, a decrease of 4.29 % in just one day.
I lost bitcoin 5 %While Ethereum decreased 6 %. This contributed to Risk alienation climateAlso punished Solana.
The White House encryption summit was supposed to arrive on March 7 Bring optimism to the market. However, the prices of the main cryptocurrencies have decreased since the event, indicating that the effect was the opposite of expectations.
The ability to recover Solana: Price expectations
Despite the difficulties, some elements can provide support for the Sol price. Historically, the price level attracted this buyers interested in purchasingWhich can provide a short -term support base.
In addition, Standardization stage Bitcoin You can prefer to return investors to Altcoins like Solana. However, this possibility depends on a general improvement in the encryption market.
Meanwhile, investors remain cautious, closely monitoring whether Solana will be able to reflect the direction or continue to get towards its lowest levels.
