Solana Price Analysis of March 3, 2025: SOL Failed to Break $180 – Is a Breakout Ahead?

Dive into Solana Price Analysis of March 3 to understand SOL’s market trends and investment potential in 2025.
The crypto market remains uncertain as Solana navigates recent volatility. SOL price today is fluctuating, with traders eyeing key levels to predict its next move. While some recovery attempts have surfaced, market uncertainty keeps investors cautious. External factors like liquidity shifts and broader market sentiment continue to impact Solana’s price movement. With mixed signals in play, traders are closely watching whether SOL can reclaim bullish momentum or face another pullback. Let’s analyze the last 24 hours’ price action to see where it might be headed next.

Solana Price Analysis: Breakout Attempts and Key Support Levels Tested

The trading day started with an overbought condition on the RSI, leading the price to face resistance at $146.01. At 1:25 UTC, a death cross on the MACD line signaled a potential downward movement, pushing the price into a declining trend. Despite minor fluctuations, the price continued downward. 

A golden cross at 6:20 UTC indicated an upward reversal, but momentum was feeble, and the price remained in a downward channel. At 10:55 UTC, another death cross confirmed a downward trend, forcing the price to fall further. The RSI’s oversold conditions at 13:30 and 14:15 UTC led the price to find support at $140.04. Shortly after, at 14:55 UTC, a golden cross on the MACD line signaled a breakout, pushing the price higher. 

Chart 1, Analyzed by ShwetaCW, published on TradingView, March 3, 2025

This breakout was confirmed by overbought on RSI readings at 15:35, 16:15, and 16:30 UTC, suggesting strong bullish momentum. This buying pressure leads the price to reach a new resistance level at $179.87. However, at 17:00 UTC, a death cross leads to a price decline, establishing new support at $165.41. At 19:30 UTC, a golden cross appeared, suggesting a potential price recovery, and began an upward trend. However, by 23:55 UTC, a death cross on the MACD line suggested another downward move, leading the price to close the day on a weaker note.

Solana Price Analysis 3 March: Can SOL Recover or Extend Its Downtrend?

The trading day of March 3rd began with a continuation of the previous downward trend, fueled by a death cross. The price fluctuated within a downward trading range, with oversold RSI conditions at 2:10 and 2:25 UTC, signaling persistent bearish momentum. At 6:00 UTC, another death cross on the MACD line confirmed further downside pressure, leading to a breakdown below the support level. This decline was led by oversold at 6:25 and 7:05 UTC. However, at 7:35 UTC, a golden cross on the MACD line suggested a potential price reversal, hinting at a possible recovery.

Solana Next Price Move

Over the past 24 hours, the SOL price today has been highly volatile. It initially moved in a downward channel before breaking out into an upward trend. However, this momentum was short-lived as the price faced another breakdown. Looking ahead, Solana’s price prediction hinges on whether it can break above the $165.41 resistance, its previous support level. A push past this level could result in a false breakout, triggering a pullback. If the price fails to hold above $165.41, it could continue consolidating within the $146.01–$165.41 range. Traders should watch key signals to gauge whether it regain momentum or extends its downtrend.