The post Top 3 Reasons Why Solana Price May Fail to Reach $200 In March 2025 appeared on BitcoinEthereumNews.com.

Solana price has dropped to a six-month low below $130 as sellers weigh on the price. Solana is currently trading at its lowest level since September 2024, with traders now concerned about a possible decline below $100. While historically low prices have often presented an opportunity to buy the dip and hence a rebound, below are the top three reasons why SOL price may fail to reach $200 this month.  Here’s Why Solana Price May Not Reach $200 This Month  Solana price today trades at $121 today after a drastic 9% drop in 24 hours as the crypto market crashed. In just one week, Solana has erased nearly $16 billion from its market capitalization, despite bullish news like SOL being included in a US digital assets stockpile. As Solana edges lower, here are the top 3 reasons why the price may fail to reach $200 in March 2025.  Looming Death Cross  One of the reasons why Solana price may not reach $200 this month is an approaching death cross. The 50-day SMA is nearing a bearish crossover with the 200-day SMA, which may increase the bearish momentum.  Solana price has also breached a critical support level of $124. If this support fails to hold, SOL price faces a drop towards $110, which could pave the way for sub-$100 levels. With buyers failing to defend support due to a lack of conviction in a recovery, SOL may not reach $200 in March 2025.  SOL/USDT: 1-day Chart Meme Coin Activity on PumpFun Fades  The PumpFun platform played a major role in fuelling a Solana price rally earlier this year. However, this is no longer the case after a drastic decline in the total market cap of Solana meme coins as trader interest fades.  Data from Dune Analytics shows that meme coin activity…

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Filed under: News - @ March 11, 2025 1:26 am