Solana Price Analysis (Weekly): SOL Hits $136 After Dropping to $112 – Will Bulls Maintain Momentum?

Are you watching the Solana price action and wondering what’s next? SOL price today showcases market volatility, with the token experiencing both upward trends and bearish pullbacks. Bulls tried to push the price higher, but strong resistance levels halted the rally. Meanwhile, sellers continue testing support zones, raising uncertainty about the next move. As Solana price prediction suggests, traders are closely monitoring whether SOL will break key resistance or slide further toward support. Let’s dive into this Weekly Solana Price Analysis of March 9-15 to examine the trends, technical indicators, and market signals shaping SOL’s price action.

SOL Faces Sharp Rejection at $139.89 Before Crashing to $112.01

The trading week for SOL began on March 9 with an upward trend, but the price faced strong resistance at $139.89. A death cross at 9:30 UTC signaled a downward trend, pushing SOL toward support. Continuous oversold conditions between 13:30 UTC and 18:30 UTC suggested bearish pressure, leading the price to find support at $125.81. On March 10, another oversold signal at midnight tested the support, but buyers held firm, causing a rebound back into the previous trading range. However, a death cross at 13:30 UTC triggered a sharp decline, breaking below previous support. 

Chart 1, Analyzed by ShwetaCW, published on TradingView, March 15, 2025

As shown in Chart 1, Heavy selling pressure resulted in back-to-back oversold signals at 17:30 UTC and 18:30 UTC, establishing a new support level at $112.01. A golden cross at 1:00 UTC on March 11 initiated an upward trend, with the price recovering steadily. However, bearish pressure returned by 21:30 UTC, when a death cross on the MACD suggested renewed downside movement, causing the price to fluctuate lower.

Solana Faces Resistance at $136.03 Amid Bearish Reversal Signals

The downward trend persisted until March 12th, with a golden cross at 8:00 UTC sparking a slight upward movement. However, a death cross at 14:30 UTC renewed selling pressure, causing the price to fluctuate moderately downward. On March 13th, a golden cross at 8:30 UTC attempted to push the price up, but a death cross at 13:30 UTC reversed the momentum. Later, at 22:00 UTC, another golden cross initiated an upward trend. The bullish momentum extended into March 14th, with RSI overbought conditions between 12:00 UTC and 19:30 UTC propelling the price upward. This led to the formation of a new resistance at $136.03. However, a death cross at 21:30 UTC on the MACD line signaled a potential shift in trend. The price began to decline, and by March 15th, downward pressure dominated, leading to fluctuations within a bearish setup.

Solana Price Prediction

The Solana price analysis for this week (March 9-15) highlights sharp price fluctuations, key resistance, and support levels. SOL price today remains within a volatile range, with bearish and bullish forces battling for dominance. If the downward momentum continues, Solana price prediction suggests a potential drop below the $112.01 support level. However, if buyers regain control, SOL could break past the $136.03 resistance and target the $138 to $140 range or higher. Traders should watch for key technical signals, including RSI overbought and oversold, to determine SOL’s next potential move.