Solana ($SOL) Faces Bearish Trend Amid Continuous Attempts to Recover

Solana ($SOL) is reportedly going through a bearish price momentum. The market data reveals a 1.18% decrease in $SOL’s price over twenty-four hours, as of April 2, 2025. This takes place a slight upsurge witnessed yesterday. This short-term price fluctuation might be a result of the wider market uncertainty led by the macroeconomic developments. Nonetheless, with consistent attempts to bounce back, Solana ($SOL) keeps endeavoring to overcome the price resistance.

Solana($SOL) Price Value

The latest statistics reveal that $SOL is trading at $124.45. This price denotes a 1.18% dip during the past 24 hours. However, this provisional slump is expected to soon lead to a significant price jump. Nonetheless, at the moment, this price plunge highlights a slight decrease in the market demand. On the other hand, as the community upholds a bullish sentiment, $SOL is set to make considerable price upsurge over the upcoming days.

$SOL Statistical Data

• Market Cap: the present market capitalization of $OL comprises $63,782,712,016.03 in value
• Volume: $SOL’s 24-hour volume accounts for $2,975,561,918.99
• Supply: The circulating and cumulative supply of $SOL stand at 512,504,539.39 SOL and 597,536,553.12 SOL respectively

Price Analysis of Solana ($SOL)

Solana ($SOL) was changing hands at nearly $126.08. However, the price surged to the height of $129.79 in a couple of hours. Nevertheless, the price spike could not be sustained and led to a decline to $124.96. Again, this dip was momentary and price rose back to $130.03. Following that up till now, $SOL has been continuously declining and its current position is $124.45.

This price performance accounts for an overall 1.18% decrease over 24 hours. Simultaneously, community largely believes in a potential price rebound for $SOL. Hence, there is a great possibility for the crypto asset to surpass the immediate price resistance.

$SOL Support and Resistance Levels

In line with the exclusive market data, the immediate price resistance for $SOL stands at $130.03. Following that, $145.36 and $178. 63 denote the 2 ^nd and 3 ^rd resistance levels.

Contrarily, $123.1 serves as $SOL’s immediate support level. Subsequently, $113.18 and $110.6 are the additional support levels in the case $SOL ’s price drops further.

$SOL Price Prediction

The current 1.18% decline in $SOL’s price is a part of normal fluctuation while the broader price trajectory remains intact. If $SOL bounces back from the present dip, it can jump by up to 11.01 in the next 30 days. As a result of this, it could reach the $140.10 spot over the next month.