The encryption market is witnessing a significant decrease, as a result of global trade tensions. Moreover, President Trump’s executive order to create the Bitcoin Strategic Reserve has amazingly left encryption traders who feel upset. As a result, the Solana price decreased sharply, as well as a decrease in important scales on the chain. Despite the last recovery from its lowest levels, the price of Solana appears to have decreased to less than $ 100 soon.
Solana’s price decreased to the lowest level in 3 years
Over the past 24 hours, Sol PRICE has seen almost equal hegemony between buyers and sellers. Data from Coinglass shows that Solana faced a total liquidation of about $ 27.3 million. From this, buyers have settled $ 15.7 million and sellers closed $ 11.6 million in positions.
Solana faced turbulent times as it decreased by 15 % to $ 114 amid severe shrinkage in the encryption market today. This represents the first time that the distinctive symbol has decreased below the price of $ 134 since May 2022, based on data from Glassnode.
Also read: Will Solana return $ 180? The main graph indicates a huge step
The achieved price, which represents the average cost of all the metal currencies that have been moved last time, indicates that its average holder is now facing losses. This position is usually seen as a declining indicator and may lead to the sale of panic or surrender.
In addition, Solana’s revenues decreased by 93 % to about $ 4 million, its lowest level since September 2024. In addition, the income decreased from her decentralized requests (DAPPS) by 86 %, from 238 million dollars in mid -January to only 32 million dollars by March 2025.
In the aftermath of this recession, the total closed value (TVL) decreased in the Solana ecosystem, as it fell from the January summit of more than $ 12 billion to approximately 6.38 billion dollars, according to Devilma.
It is not surprising that Solana has witnessed a significant decrease with the low interest in the momentum within the encryption community. After reaching its highest level ever in January, the Sol value decreased by approximately 57 %.
What is the following for the Sol price?
Solana’s price is still under severe hypothesis as it recently decreased to less than $ 114. Since buyers are struggling to defend a decrease, the Sol price now aims to decrease less than instant FIB channels. As of writing this report, the price of Solana is $ 127, as it has risen by 6.56 % in the past 24 hours.
The SOL/USDT trading pair faces multiple rejection operations as sellers defend an immediate increase over EMA. As the RSI is hovering below the midline at the 44 level, there is a possibility that the Sol price will decrease and test it $ 110.
If it maintains this level, it may benefit buyers and potentially pay the price for $ 139. An increase above this level may send about 153 dollars. On the other hand, if the Sol price decreases to less than $ 110, we may see a strong correction less than $ 100.
