$USDC Solana Price Analysis: Key Insights and Updates
This post was first published on Coinpedia Fintech News.
Solana is experiencing increasing upward momentum, amid an anticipated altcoin season before the end of 2025.
DeFi projects on the Solana network have seen significant growth in cash inflows and trading activity on the supply chain.
The broader altcoin market, led by Solana (SOL), has gained gradual upward momentum over the past two weeks, as Bitcoin's (BTC) price rebounded above $95,000, alleviating negative expectations. Analysis of various trading metrics on the supply chain shows that the fear of missing out (FOMO) in cryptocurrencies has gradually returned over the past week, with a reduction in the intensity of trade wars amid ongoing diplomatic negotiations.
The Bitcoin Fear and Greed Index rose from 47%, which represents neutral, to 63%, indicating greed, over the past two days. Ethereum's Fear and Greed Index increased from 44% to 61% over the same period. The broader altcoin followed the two largest digital assets in terms of the Fear and Greed Index.
Solana Price Update and Mid-Term Targets
After rising over 14% in the past week, Solana's price is on the verge of recording its third consecutive bullish week. As a result, the altcoin with a large market capitalization, which has a total value of around $92 billion and an average trading volume of about $5 billion over the past 24 hours, is approaching a critical resistance level at $159.
On the daily timeframe, Solana's price is well-positioned to rise above $180 if Bitcoin continues its upward momentum towards $99,400. However, if Bitcoin's price retests the support level above $91,000, Solana's price is likely to drop to the support range between $125 and $135.
From a technical analysis perspective, bullish investors in the market (SOL) have made significant gains at the expense of bears after the daily MACD line crossed above the zero line amid increasing positive histogram bars. Additionally, the daily Relative Strength Index (RSI) surpassed the level of 52 for the first time since the second inauguration of U.S. President Donald Trump.
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