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Solana (SOL) Price Prediction for March 8

Sat, 8/03/2025 - 15:16
Is rate of Solana (SOL) ready to bounce back?
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Solana (SOL) Price Prediction for March 8
Cover image via U.Today

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Sellers continue their pressure after a few days of market bounce back, according to CoinStats.

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Top coins by CoinStats

SOL/USD

The price of Solana (SOL) has dropped by 6.62% over the past 24 hours.

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Image by TradingView

On the hourly chart, the rate of SOL is about to break the local support of $136.64. If it happens, the drop is likely to continue to the $135 mark soon.

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Image by TradingView

On the bigger time frame, the picture is also bearish. The price is approaching the important level of $130.65. If bulls cannot seize the initiative soon, the accumulated energy might be enough for a dump to the $110-$120 zone.

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Image by TradingView

From the midterm point of view, one should focus on the bar's closure in terms of the $116 level. 

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If the breakout happens, there is a chance to see a test of the vital $100 area.

SOL is trading at $136.65 at press time.

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