The uncertainty of the crypto market leads to negative yields for the start of the year for altcoins in the top 10, including Solana. In the midst of the frightening feeling of merchants and economic benefits of President Donald Trump’s pricing announcements, Solana Buck the decline on a market scale with a regular ascent in the last 10 days.
Solana (soil) Price could receive an increase in the decision of the American federal reserve to start reducing interest rates soon. Merchants expect drops in percentage points from three to four quarters in 2025.
Solana price forecasts
Solana ended its downward trend on March 10 and consolidated around $ 135, a key level for the Ethereum alternative token.
At the time of writing the editorial staff, Sol is negotiated at $ 138.75.
Sol has rallied almost 20% last week and almost 8% in the last month. With $ 125.82 being the level of support of Altcoin, it coincides with the upper limit of an imbalance zone on the daily price floor / USDT price.
Two key momentum indicators, RSI and MacD support an upward thesis in Solana. The green histogram bars above the neutral line and of RSI sloping upwards with a reading of 56 suggest an underlying positive momentum in the upward trend in soil prices.
Solana could reach 13.33% and test the level of $ 152.90, key resistance and previously a key support for Altcoin. If Solana successfully returns the level of $ 152.90 of the resistance to the support, a gathering to a resistance of $ 180, a sticky resistance for Altcoin throughout March and the first two weeks of April 2025.
Chain floor analysis
The Nansen chain data compares the activity through Solana, Base and Ethereum. Sol leads with more than 4 million active addresses in the last seven days. The base is second and Ethereum ranks the lowest.
A higher number of active addresses shows the relevance and demand for the token among market players.
By comparing the volume DEX on the three channels, Solana leads with more than $ 5.48 billion, while Ethereum ranks second with $ 975 million and the base follows with $ 465 million.
In terms of transactions, Solana leads 52 million transactions in the last seven days, while Ethereum and the base are lagging behind, according to Nansen Data. This is consistent with data for active addresses.
In terms of costs generated by the first 5 channels, Solana is the second best with a 17% increase in active addresses, an increase of almost 9% of transactions and a gain of 42% of the costs generated in the last seven days, according to Nansen data.
Friday, data on santly show a sharp increase in social domination, compared to 8.30% from April 15 to 21.59% on April 18. In addition to an increase in social domination, total open interest for Solana has climbed, in terms of USD.
This implies that the total value of the long and short open positions in Solana increased within the same period, supporting a thesis for a rally in Solana Price.
Weekly price performance
Grayscale, one of the largest alternative asset fund managers, compared the yields of the best cryptocurrencies for a week. The data show that Solana has climbed by 10.5% while the yields of the beginning of the year are negative by 30.6%, with a market capitalization of $ 69 billion.
Solana leads the 10 best cryptocurrencies to her weekly gains, XRP leads in the yields of the beginning of the year when the soil is lagging behind. Flashcrashes in Bitcoin Price and market correction in the crypto resulted in the Solana price, the wiping of the 2024 gains and contributing to negative yields of the year.
Solana vs layer 1 and layer 2
When the income for the Solana network is compared to the layer 1 and layer 2 channels like Ethereum (ETH), Bitcoin (BTC), Tron (Tron), it shows that Sol has surpassed its competitors.
The revenues of the soil network for the first quarter of 2025 are $ 819 million, Ethereum and Tron are the first three while Bitcoin is lagging behind with $ 51.97 million in the first quarter.
When Solana’s income generated in the last seven days are compared, this shows that the Ethereum competitor continues to lead and ranks among the first 5 channels, according to Nansen data.
Sol continues to dominate among competitors with the highest revenue generation. If the soil value is assimilated to its revenue generation, the token is probably undervalued and could generate other gains next week and the second quarter of 2025.
Catalysts leading to Solana gains
Solana network developers are not alone in their efforts to evolve the ground infrastructure to make it faster, more resilient and scalable.
Coinbase, one of the largest centralized exchanges, has announced its system upgrade to treat Solana transactions in a way that increases treatment flow, improves performance and optimizes operational controls.
Coinbase shared the update on X and informed the community of traders of their commitment to stimulate the infrastructure of the Solana network to also increase the reliability of end users.
The exchange unveiled plans to continue investing in the Solana network and its development in the future.
The SOLANA ETF deposits and their progress in H1 2025 are another key market mover. Approval of the American Sec could catalyze a rally in Solana in the second quarter of the year.
Disclosure: This article does not represent investment advice. The content and equipment presented on this page are only for educational purposes.
