On March 28, Solana price (SOL) sells for $131.00 US per token with a 5.6% price decrease. The token price made daily swings on March 28 with a high of $139.82 and a low of $130.56. The market shows unstable price changes because investors follow market trends alongside larger economy changes.
Solana price attracts continued trader interest because trading numbers rose over 24 hours. Buyers currently struggle to compete with the sellers who control most market transactions. Investors still believe in Solana’s long-term success due to its powerful DeFi platform and support for NFTs and their strong network base.
Solana Price Analysis
Solana maintains its price stability close to $130 and this support level will show us how its market starts moving next. Performance will likely recover if Solana prices stay above the important $130 support threshold while declining further when this support breaks.
Solana price faces resistance at $138.50 while the primary blockade exists at $150. Solana price will start gaining buying pressure again if it successfully surpasses its resistance zones. When the price fails to resist at $130, it usually falls towards $117, where buyers provide durable support.
The bearish market sentiment becomes clearer through the MA50 indicator at $140.23, but long-term bulls remain true with MA200 at $125.67. The Relative Strength Index shows Solana price is approaching the point where buying pressure would increase. When buyers recommence their purchases, the indicator signals an upward swing may start. The MACD indicator tracks a falling trend that supports the ongoing price decrease.
Whale Activity Signals Potential Selling Pressure
Current network problems with Solana have made investors and developers uneasy about its future stability. Traders worry about the network’s ability to process many transactions because it makes investors doubt the sustainability of Solana’s platform. Market participants keep holding back their trades because the current selling pressure continues to grow.
Solana feels the largest impact of BTC price movements as the number one crypto coin guides all crypto prices, including Solana’s. Bitcoin remains unstable at $66,800 making coins throughout the market field weaker. Solana prices would increase when Bitcoin rebuilds its value. The market will see more sellers targeting Solana when Bitcoin keeps sliding downward.
Research into transaction records reveals that Solana major holders from large wallets transfer crypto to exchange platforms before selling additional amounts. The growing number of wallets moving Solana to exchanges creates market worries for further price drops. Professional investors want to participate in Solana because it offers useful platforms within the decentralized finance and non-fungible token industries.
Solana Price Prediction
Experts disagree about how Solana prices will perform in the next few days. The price of Solana has a chance to elevate into the range of $135-$138 during the following 24 hours provided it keeps rising above $130.00. As sellers push the price below $130.00 , Solana may fall towards $125.00 and possibly keep descending to $117.00 .
Within the next few days Solana could trade between $130 and $135 while buyers and sellers evaluate the existing market activity.
Solana has expected trade boundaries running from $130.00 to $135.00 with strong bull targets between $135.50 and $138.00. Continued bearish market activity may push Solana towards $125 or below.
Solana Price Drops to $125 for Support
According to Ali’s data, Solana’s prices dropped fast from $190 to $125 because it could not cross a longstanding resistance barrier before breaking this important support price point.
Solana hit $134.09 per CoinMarketCap by March 28, yet its price moved lower toward $125 per CoinMarketCap, where it finds support according to customer Ali.
Despite network problems Solana has, despite its DeFi and NFT growth, several investors who still want to use it, according to web search results.
What to Expect for Solana?
The current Solana market position depends on the $130 support level which is a vital moment for the price movement. The ongoing downward trend faces possible interruption when new buyers enter the market to relieve the selling momentum. The market trend for Solana will mainly depend on Bitcoin behavior alongside network stability improvements and investor actions.