Log in

PRO
Market Direction

SOL rallies off lows but upside limited

Updated: Mar 28, 2025
Published: Mar 24, 2025
0
Share:

Solana sees a relief rally with key resistance while memecoins lose steam. Meanwhile, Bitcoin presents better short opportunities as SOL's upside appears limited.

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

Market metrics:
  • SOL's Open Interest has also hit new OI highs (by number of coins), showing us that there is still the appetite to leverage trade. However, note SOL is half the price of where it was a few months ago, hence less $ is needed to leverage 1 SOL.
  • SOL's Funding Rate is mostly positive but it is still relatively contained, indicating that there isn't this huge appetite to rush into Longs.
SOL's Open Interest (by number of coins): Solana Open Interest chart showing new highs by number of coins despite price decline Solana Open Interest hitting new highs, though with lower dollar value due to price decline

Technical analysis

  • SOL has found support and bounced from the main horizontal support level at $120.
  • Price is now breaking above the local horizontal resistance of $136, with the next major horizontal level being at $162. We don't expect price to clear above $162, and we're not confident if it'll get there.
  • The RSI has cleared above it's moving average, however it is now very close to putting in a hidden bearish divergence (lower high in price, higher high in the oscillator).
  • The major horizontal supports remain at $120 and if that is broken to the downside, then $98.
Solana price chart showing bounce from $120 support level with $162 as next resistance Solana technical analysis showing support bounce at $120 and next resistance at $162 SOL 1D Timeframe - Key Levels:
  • Next Support: $136
  • Next Resistance: $162
  • Direction: Neutral/Bullish
  • Upside Target: $162
  • Downside Target: $120

Cryptonary's take

It's good to see that SOL is showing signs of life again here, even with some of the SOL memecoins putting in nice relief rallies. These rallies have put in multiples, but we do expect them to just be relief rallies and for the memes to not get close to their all-time highs that we saw in 2024. For SOL, we would be surprised to see it run into the $150's, however, we're not confident enough to bet on it, as we see this relief rally being just that, and it being driven by the fact that coins were so oversold originally. In terms of Shorts, we wouldn't look to Short SOL into the $150's to $160's (even if it can get there), simply because we see better opportunities to Short in Bitcoin and a select group of Alts.

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