Solana Price Analysis March 7, 2025: SOL Struggles to Recover from $135 Crash, Will it Succeed?

Are you considering an investment in SOL price today and wondering how it’s performing? The latest Solana price analysis shows a mix of upward momentum, sharp declines, and key support retests. With the price bouncing between support and resistance levels, traders are closely watching for a potential breakout or another dip. Will Solana price prediction favor bulls pushing past resistance, or will bears take control? Understanding these critical levels can help traders make informed decisions. Let’s dive into the latest market trends and see what’s next for SOL.

Solana Key Levels at $142.44 and $152.90 in Focus

March 6th saw Solana (SOL) experience multiple trend shifts driven by key technical indicators. The day began with a death cross at 00:05 UTC, causing a slight price dip. However, a golden cross at 1:25 UTC initiated an upward channel, pushing the price up. By 1:45 UTC, SOL entered an overbought zone, reinforcing bullish momentum. The RSI indicated overbought conditions at 8:50 UTC and 10:50 UTC, leading the price to test resistance at $152.90. 

Chart 1, Analyzed by ShwetaCW, published on TradingView, March 7, 2025

A death cross on the MACD at 11:15 UTC triggered a downtrend, with oversold RSI signals at 13:55 UTC and 14:40 UTC pushing prices lower. Another death cross at 16:10 UTC led to further decline, with oversold levels at 17:00 UTC and 17:45 UTC. The price ultimately found support at $142.44, maintaining a moderate trading range. As the day closed, a death cross at 23:45 UTC signaled a potential further decline. Traders should watch for a breakout or another test of support.

Solana Price Analysis of March 7 – Recovering from the Dip

March 7th began with a moderate trading range, but a sharp drop from its support level followed due to the previous day’s death cross. This led to a potential breakdown, with oversold conditions at 00:50 UTC pushing the price down to $135.06. However, a golden cross at 1:10 UTC on the MACD signaled a reversal, driving the price upward.

Another golden cross at 5:15 UTC further reinforced the bullish move, lifting SOL from its support level. What initially looked like a breakdown turned out to be a fakeout, depending on upcoming price movements. By 5:45 UTC, the RSI signaled overbought conditions, indicating the possibility of further upward momentum. Traders should watch for confirmation of this trend.

Solana Price Prediction: Will SOL Break Resistance or Drop?

Over the past 24 hours, the Solana price analysis has shown a mix of upward channels, downward trends, and a potential breakdown before recovering. If SOL price today maintains its upward momentum, it could retest the $152.90 resistance level. A successful breakout could push the price even higher. Alternatively, if the bearish trend remains, it could break below the $142.44 support, leading to a further drop. Traders should closely watch these key levels for confirmation of the next move. Stay tuned for the latest Solana price prediction as market conditions continue to develop.