$SOL The cryptocurrency Solana (SOL) has experienced notable price fluctuations in the recent period. On January 19, 2025, the coin reached its all-time high at $293. However, the coin has seen a 40% drop since then, falling to less than $170 by early March 2025.
On March 10, 2025, Solana was trading at $127.235, recording a decrease of $12.434 (-8.90%) compared to the previous day. The daily price ranged between $124.286 and $129.153, while the 52-week range was from $98.507 to $294.816.
From a technical standpoint, Solana's price is close to an important support level at $120. If this level is broken, the price could head towards $115 and then $110. In the event of a rebound, prices could reach levels of $125 and then $130. Technical indicators show weakness in the bullish momentum, which could lead to further pullbacks if the price cannot break through nearby resistance levels.
Traders are advised to monitor the mentioned support and resistance levels and make decisions based on future price movements.
