Solana Price Analysis of March 10, 2025: Will SOL Hold Above $124.03 Support and Reclaim $130.59 Next?

Solana has experienced significant price swings, with Solana price analysis showing a 29% decline due to shifting liquidity conditions. Despite this, investor interest remains strong, especially with the upcoming Solana AI Summit on March 16, which could drive fresh momentum. Currently, SOL price today is navigating between key support and resistance levels, with traders anticipating a potential breakout. If buying pressure increases, SOL could aim for higher resistance levels. However, a breakdown from support may trigger further declines. Let’s analyze the latest price movements and key technical signals in this Solana price prediction to assess the potential market direction.

Solana Faces Sharp Reversals Amid Volatile Trading Patterns

The trading day of March 9th started with a golden cross on the MACD line, initiating an upward channel. Within an overbought situation at 5:30 UTC, the price fluctuated upward, reaching resistance at $139.88. A death cross appeared on the MACD line at 8:00 UTC, triggering a downward channel. The trend continued with another death cross at 13:10 UTC, keeping the selling pressure intact. The RSI showed oversold conditions at 10:45 UTC, followed by continuous oversold situations throughout the day, further pushing the price downward.

Chart 1, Analyzed by ShwetaCW, published on TradingView, March 10, 2025

Based on Solana price analysis, the RSI shows continuous oversold at 16:00 UTC and 17:00 UTC aligned with the price finding support at $125.82. Momentum shifted when the MACD formed a golden cross at 18:50 UTC, leading to a price recovery that established a new resistance at $130.59. However, this recovery was short-lived as a death cross at 20:35 UTC initiated another downward trend, bringing the price down to a lower support level.

SOL Price Fluctuates Before Stabilizing in a Trading Range

On March 10th, Solana experienced early downward fluctuations, with the price finding support at $124.03. However, a golden cross at 00:45 UTC suggested a shift in momentum, initiating an upward trend. Following this crossover, the price saw an upward movement with a brief spike before stabilizing within a moderate trading range. This pattern suggests that while buyers attempted to regain control, the market remained cautious, preventing a strong breakout. SOL’s price action continues to reflect volatility, with key levels of support and resistance shaping short-term movements.

Solana Market Prediction: Will SOL Break Resistance or Drop Further?

As per the latest Solana price analysis, SOL has experienced a downward channel followed by two trading ranges in the past 24 hours. Currently, the SOL price today is attempting an upward trend, with the potential to break the $130.59 resistance level. If successful, the price may rally toward the previous resistance of $139.88. However, if bearish pressure intensifies, SOL could break below its current support at $124.03, leading to a further decline. Traders should closely monitor these key levels for the next price movement in Solana price prediction scenarios.