Log in

PRO
Market Direction

SOL likely to retest $120 support

Published: Mar 28, 2025
0
Share:

Solana ($SOL) continues to be range-bound, with price fluctuating between key support and resistance levels. Traders are cautious, waiting for a possible breakdown below support or a breakout above resistance.

Post Feature Image

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.


  • SOL's Funding Rate has also fluctuated from slightly positive to slightly negative, showing indecision amongst traders.
  • SOL's Open Interest (by number of coins) has interestingly spiked to new highs, showing that there's still appetite to trade SOL with leverage.
SOL's open interest (by number of coins):

A graph of a stock market Description automatically generated with medium confidence

Technical analysis

  • SOL saw some relief from the major horizontal support of $120, however price has seemingly rejected into the local resistance level of $148.
  • In the short term, price is likely to remain range-bound between $120 and $148.
  • Beyond $148, the major horizontal resistance is at $162. We don't expect this area to be reached in the short term.
  • If the $120 horizontal support is broken and we still believe this is a possibility over the coming weeks, then $98 is the next major horizontal support. If that level is reached, we'd strongly reassess at the time, but our thinking is that we'd be considering buys there.
  • The RSI is in middle territory and it's up trending, however, the RSI is resting on top of its moving average. It'll need to use the moving average as support here. If not, the rice can drive lower.
  • The RSI did also put in a hidden bearish divergence when price spiked into $148. This is when price makes a lower high and the oscillator makes a higher high. We've marked this out on the chart (yellow circles).
A screenshot of a computer screen Description automatically generated
  • Next Support: $120
  • Next Resistance: $148
  • Direction: Bearish
  • Upside Target: $148
  • Downside Target: $120
Stay updated on Solana price prediction—explore our full analysis for the latest market insights.

Cryptonary's take

Whilst SOL did show some signs of life, and we did see that in some memes which had strong rebounds, SOL is still unable to reclaim some key levels. This is, however, the case with many coins.

For now, we expect SOL to be range bound between $120 and $148, however, we do expect a breakdown (of $120) to be more likely than a breakout to the upside. Therefore, we remain patient in the near-term, and if we're right, we'll reassess upon a break below $120 (again, assuming we're right).

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
BTC, ETH, and More: Double Bottoms and a Critical Bounce
PRO
Market Direction
BTC, ETH, and More: Double Bottoms ...Markets rebound off key lows, BTC and major alts flash double bottom signals. Will support hold for ...
6 min read
Oct 20, 2025
BTC, ETH, and More: Bearish Pressure as Key Support Levels Break
PRO
Market Direction
BTC, ETH, and More: Bearish Pressur...Markets face critical retests with BTC and major alts breaking supports; all eyes on bounce zones an...
7 min read
Oct 17, 2025
BTC, ETH and More: Key Supports Reclaimed, Next Targets in Play
PRO
Market Direction
BTC, ETH and More: Key Supports Rec...Markets are showing signs of recovery after last week’s turbulence. Bitcoin and Ethereum are stabili...
4 min read
Oct 15, 2025