The market is red in the middle of the week, according to CoinMarketCap.
![Article image]()
Top coins by CoinMarketCap## SOL/USD
The rate of Solana (SOL) has declined by 2.26% over the last 24 hours.
![Article image]()
Image by TradingViewOn the hourly chart, the price of SOL has made a false breakout of the local support of $121.14. If the daily bar closes far from that mark, one can expect a test of the $124 area soon.
![Article image]()
Image by TradingViewOn the longer time frame, there are no reversal signals yet. If sellers’ pressure continues and the candle closes around $120, the accumulated energy might be enough for an ongoing correction to the nearest level of $116.88.
![Article image]()
Image by TradingViewFrom the midterm point of view, bears remain more powerful than bulls
If the weekly bar closes around the current prices or below them, traders may see a test of the $100-$110 area by the end of the month.
SOL is trading at $122.16 at press time.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Solana Price Holds Near $80 as Analysts Split on Next Move
Key Insights:
Solana trades near $80 under pressure, with persistent lower highs and weak recovery attempts reinforcing a clear short-term bearish market structure.
Analysts identify the $75 to $45 range as a key accumulation zone, supported by historical demand levels and long-term
CryptoNewsLand2h ago
Encrypt Is Coming to Solana to Power Encrypted Capital Markets
[PRESS RELEASE – Grand Cayman, Cayman Islands, March 31st, 2026]
Encrypt brings FHE to Solana to enable fast, fully confidential, and composable applications on Solana
Encrypt is coming to Solana with a clear vision: Encrypted Capital Markets.
Solana is the number one ecosystem for blockchain
CryptoPotato3h ago
RIV Coin Launches on Solana to Bridge Institutional Capital with DeFi Infrastructure
[PRESS RELEASE – Dubai, United Arab Emirates, March 24th, 2026]
RIV Coin ($RIV), a Vault protocol token built on the Solana blockchain, has officially launched as the core token of a reserve-backed digital asset ecosystem. The project introduces a verifiable reserve framework that enables off-chain
CryptoPotato6h ago
