SOL Price Prediction Feb 25: Will Solana Dip Further? – Trader Alert
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- Solana ($SOL) plunges to its lowest level since November 2024, erasing the Trump election pump gains.
- Market analysts predict a potential further downside to $100, but PumpFun’s new AMM aims to counter the decline by increasing network usage.
- SOL’s RSI enters the oversold zone; key levels to watch include $160 support and $144 stop-loss.
Solana (SOL) has taken a hit, falling below $160 for the first time since November 2024. This price drop wipes out any gains it saw following the Trump election hype.
Technical Signals Hint at Potential Solana Rebound
From a technical viewpoint, Solana’s Relative Strength Index (RSI) has slipped into oversold territory. This often suggests that prices might not fall much further.
Traders are keeping a close watch on the $160 support level. On the upside, $194 is the key resistance point, making short-term profit-taking a smart move if the price bounces back.
However, if Solana breaks below $144, we…
The post SOL Price Prediction Feb 25: Will Solana Dip Further? – Trader Alert appeared first on Coin Edition.
3M ago•
bullish:
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bearish:
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