Buckle up: Solana price prepares a wild ride as risks rise
Portfolio Pulse from
Solana (SOL) experienced a significant price drop, falling to $127, its lowest level since March 2021. The cryptocurrency's decline is attributed to a broader sell-off in its meme coin ecosystem, with tokens like Fartcoin, Popcat, and Bonk losing over 10% of their value. Despite the negative price action, Solana saw increased DEX volume and a notable expansion of Blackrock's BUIDL money market fund to its network.
March 29, 2025 | 5:00 pm
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SOL price dropped to $127, forming a bearish flag pattern and death cross, indicating potential further decline to $100 support level.
Technical indicators like death cross and bearish flag, combined with significant meme coin market sell-off, suggest a bearish short-term outlook for Solana.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100