Solana: Why a major pullback could be on the horizon
Portfolio Pulse from
Solana (SOL) is experiencing significant technical challenges, with the $127 price level acting as a critical support/resistance point. Weak DeFi activity, unstaking trends, and declining trading volume suggest potential downward price movement. Despite BlackRock's recent $1.7 billion BUIDL initiative investment, SOL remains vulnerable to a corrective market phase.
March 30, 2025 | 11:15 am
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SOL is experiencing technical weakness with potential downside to $110-$115 range due to declining on-chain metrics and market uncertainty.
Multiple factors suggest potential SOL price decline: weak DeFi activity, unstaking trends, declining trading volume, and macro market uncertainty.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100