The post Solana Price Prediction 2025 As It Joins US Crypto Reserve appeared on BitcoinEthereumNews.com.

Despite $SOL’s recent dip to $131, 55% below its all-time high of $294 recorded two months ago, our Solana price prediction for the rest of the year is bullish. $SOL is currently trading at $148.85 with a 5.83% weekly increase, though the monthly trend is bearish (-27.42%). Luckily for $SOL holders, key technical indicators point to a strong buy signal as the token is heading toward a rebound. Let’s unpack what the charts and recent ecosystem developments tell us about the $SOL price forecast. $SOL Escapes the Death Cross Formation $SOL faced significant downward pressure this morning as it reacted to a large sell order block. However, $SOL’s price bounced off as some investors saw the drop to $142 as a buying opportunity and placed substantial buy orders. The current price is above key long-term simple moving averages (50-day and 200-day SMAs), which suggests a bullish trend for upcoming months. In contrast, the higher-than-current-price 5-day SMA shows short-term weakness, so $SOL might briefly consolidate after today’s (March 6) spike. Several MAs are clustered in the $146-$149 zone, creating important support and resistance levels. A break below or above these price points will determine $SOL’s momentum. Investors should particularly watch for support at the EMA20 ($146.889) if consolidation occurs, as this level could serve as a springboard for the next leg up. On top of this, $SOL has successfully escaped the ‘death cross’ formation, a serious bearish indicator that occurs when the 50-day SMA drops below the 200-day SMA. This bullish reversal and increasing trading volumes indicate a positive sentiment among $SOL investors. Looking at momentum indicators like the Relative Strength Index (RSI) and Stochastic Oscillators, we notice $SOL shows a moderate positive trend that may continue to build up over the week. Lastly, the Williams %R at -29.202 shows $SOL…

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Filed under: News - @ March 6, 2025 10:29 am