On March 24th, 2025, Solana price traded at $141.87 with a 7.08% increase compared to yesterday. Over the last 24 hours, the coin displayed robust price movement between $142.03 as its highest mark and $130.36 for its lowest point. People continue to want and invest in Solana because of its increasing popularity in trading spaces.
Solana Price ranks among the top cryptocurrencies because it maintains a $60.5 billion market value. Trading activities continue to rise since traders conducted $2.8 billion of transactions within one day. The market dynamics of SOL derive strength from the available supply of 427 million tokens that trade in the market today.
Factors Influencing Solana’s Price Today
Solana price experiences strong market growth today because of President Trump’s proposed tariff adjustments that cause overall market confidence to increase. Investors now feel more optimistic about cryptocurrencies in general because they expect positive changes in economic policies. The SOL token benefited from this trend.
The change in Bitcoin and other top altcoin prices shows people feel more positive about the future. The growth of Bitcoin in the market typically draws investment capital into Solana price and other altcoins.
The growth of Solana’s network users contributes powerfully to its rising Solana price. More people want to use the Solana blockchain because many users build dApps, DeFi services, NFT platforms, and gaming platforms on it.
Large-scale DeFi users are depositing more funds into Solana’s network since TVL reached $2.3 billion per inspection, with a 12% rise since last month. The network now handles 1.2 million daily active users, which stands as its highest number recorded so far. The rising network traffic proves that more people are using Solana and believe it will sustain success over time, contributing to Solana price growth.
Solana Pay’s expansion as a decentralized payment method strengthened its user acceptance across the network. Solana price gains traction because more businesses and customers use its quick and affordable transactions to strengthen its position in the cryptocurrency industry.
Solana price surpasses important resistance barriers, which demonstrates its ability to grow in value further. The recent breakthrough of the $137 resistance opens the path for SOL to reach $145 and higher.
Our analysis confirms the bullish trend through its important market trend data. The Relative Strength Index value of 61 points to increasing buying pressure while staying safe from an overbought situation. The market momentum stays strong because the Solana price trades positively higher than its 50-day and 200-day moving averages. The Moving Average Convergence Divergence indicator reveals aggressive buying activity, which increases the chance of more price increases.
The $135 price mark functions as a key support level for the Solana price. When Solana holds above $135, the market is expected to extend its upward momentum. A decline to $130 levels will probably cause a price pullback before another market surge.
Solana Price Prediction
Several forecasting systems predict how Solana’s digital currency price will operate on its current trading day.
Binance predicts that Solana’s price will stay close to $140.02 throughout the current day yet may experience small price movements.
Based on Changelly data, Solana will not trade below $129.16 but may hit $141.18 maximum today. Based on this data, the SOL trading value should hover near $135 throughout the active session.
According to CoinCodex, the cryptocurrency may rise 5.10% creating a possible trading range from $145.83 to $153.62 if market demand remains robust.
The technical market experts predict SOL will attempt to hit $145 and $150 after staying above $137. The crypto will likely experience a minor decline to $130 while preserving its strength.
Crypto Analyst Prediction
At 21:00 on March 22, 2025 the trading sentiment showed 78.82% of traders in bullish long positions versus 21.18% in bearish short positions which created a trading ratio of 3.72 before the end of the 4-hour period on Binance Futures.
Many traders take a positive approach to SOL because the crypto gain has driven Solana’s network expansion and major platform support should push the price towards $200.
As CoinGlass explains the long/short ratio measures how much traders purchase versus sell Solana futures contracts indicating investors have high hopes for the asset to increase in value according to the post data.
Is Solana a Buy Today?
Overall, today’s market conditions favor a bullish outlook for Solana. Because of its latest price breakthrough and an optimistic market environment the cryptocurrency keeps gaining strength. More blockchain network users and rising decentralized finance initiatives combined with technical supports indicate Solana can increase in value further.
Market uncertainty still affects potential investor decisions. When Bitcoin faces a price drop Solana and other altcoins may enter temporary market reductions. Recent traders are likely to sell now which may push the market up and down at this time.
Short-term traders should focus their positions between $135 and $145 today with the chance to reach $150 if buying pressure keeps rising. Long-term investors should consider Solana as a promising asset thanks to its developing platform and expanding userbase in the cryptocurrency field.
