Solana Price Analysis of March 5, 2025: SOL Recovered from $130 Dip and Eyes to Break $146 Resistance Level

Solana continues to face challenges in recovering from its recent decline. Despite occasional bullish attempts, SOL price today remains under pressure, struggling to break key resistance levels. Market sentiment leans bearish, with selling pressure limiting upward momentum. Liquidity shifts and technical patterns indicate that traders are closely monitoring the next support level. While short-term recoveries have emerged, the overall trend remains uncertain. In this Solana price analysis, we’ll examine the latest price movements and assess whether the current outlook suggests a potential recovery or further downside.

Solana Reaches $147 but Struggles to Hold Gains

The trading day started with a slight upward move, but Solana price analysis shows that the price faced resistance at $145.09. Shortly after 00:30 UTC, the MACD line formed a death cross, initiating a downward channel. Oversold conditions on the RSI at 1:45 UTC pushed the price lower. A golden cross appeared at 2:35 UTC, signaling an upward move, but the downward channel remained intact. At 6:20 UTC, another death cross on the MACD line pushed the price further downward. RSI indicated oversold conditions at 13:10 UTC and 13:25 UTC, leading to a deeper decline.

Chart 1, Analyzed by ShwetaCW, published on TradingView, March 5, 2025

A golden cross at 16:05 UTC briefly triggered a bullish move, but the price found support at $130.68. Another golden cross at 16:55 UTC signaled the start of an upward trend, leading to an overbought condition at 19:00 UTC. This pushed the price toward resistance, with another overbought signal at 21:25 UTC helping the price breakthrough. Solana reached its daily high at $147 but struggled to hold the breakout. The resistance level rejected further gains, and a death cross soon after indicated a shift in momentum. The price failed to sustain above resistance and fluctuated, unable to confirm a breakout. 

Solana on March 5: Struggles Continue Amid Key Crossovers

The trading day of March 5th began with a downward trend due to the previous day’s death cross. SOL price fluctuated downward, with a golden cross at 1:30 UTC briefly pushing it up, but resistance held firm. Another death cross at 3:20 UTC triggered further declines, pushing the price back into the previous trading range. An oversold RSI at 4:25 UTC added downward pressure before a golden cross at 4:45 UTC signaled a potential upward move. However, the price remained volatile, struggling to gain strong momentum.

Solana Price Prediction: Will SOL Break $145.09 or Drop Below $130.68?

Over the past 24 hours, Solana price analysis shows SOL experiencing a breakdown, a downward channel, and an attempted breakout, only to re-enter another downward trend. If bullish momentum builds, the SOL price today could break above the current resistance of $145.09, potentially leading to a breakout. However, if selling pressure persists, SOL may lose support at $130.68, pushing it into a deeper decline. Traders should monitor key levels closely, as market sentiment remains uncertain. Based on this Solana price prediction, a breakout could drive further gains, while a breakdown may keep bears in control.