After Solana’s price fell to its low levels of 2025, it entered a 16 %recovery process. Chicago Mercantile Exchange was influenced by the announcement that it would launch Solana futures on 17 March. However, this product is in the CFTC’s approval process.
Price Movements and Technical Indicators
Since February 24, the price of Solana has made continuous decreases, while it is noteworthy that RSI indicators enter the extreme sale zone. According to the technical analysis, a significant rise signal has occurred in price movements. In the same period, Bitcoin $79,984.07Swing pattern failure in daily graphic formation was also observed.
According to the evaluation of market actors, technical levels and RSI signals should be closely monitored. Analysts say that the closing above $ 143 can give a positive confirmation.
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The graphics show that if the upper resistance of $ 160 is exceeded, the current bottom level may be strengthened. However, short -term fluctuations are expected to continue.
Token lock and its effects on the market
At the beginning of March, Solana Token locking is expected to come into play. With the circulation of approximately 11.2 million left, the market total value of 2.84 %is expected to increase. Investors state that this situation can create downward pressure on the price in the short term.
Keyrock Trading: “After medium -sized token lock opening, an average decrease of 8 %is observed.”
Investors should closely monitor support and resistance levels in the light of market data. In addition to technical indicators, analysts propose a cautious approach based on improvement signals. This may allow those who follow the market to develop data -based strategy.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
