The same will undeniably be one of the symbols of this bullish cycle and the lever that will have worn Solana's outperformance in 2024. Now classified as collectibles, could the phenomenon relaunch and allow the ground to hire a new Haussier rally?
Could the dry boost relaunch Solana?
We are on Saturday March 1, 2025 and the Crypto -Sola Cryptomonnaie Course is around 147 dollars.
The latest analysis we have carried out on the Solana cryptocurrency dates back to February 19, 2025, when its price oscillated around 170 dollars. Since then, its course has greatly retreated, reaching new lower for the year 2025.
During the past month, the Solana ecosystem suffered from excess linked to its main use case: the same. It is now obvious that soil success during this cycle is closely linked to the development of the latter.
In this context, the press release published by the SEC on February 27 is a significant regulatory advance that could benefit Solana and its ecosystem. The American institution clarifies the nature of the same by excluding them from the category of securities to classify them rather as collectibles.
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From a speculative point of view, Solana's crypto remains one of the most popular assets by traders, with volumes in derivative markets around 29.5 billion dollars (9.5 billion in our previous analysis) in the past 24 hours. This significant increase marks a dazzling speculative return of interest around the token of the Solana ecosystem.
The Open Interest has also rebounded 20 %, with speculators who seek to anticipate a low point around 130 dollars. This increase in open interest nevertheless also seems also fueled by shorts that are positioned in the rebound, despite a first Squeeze seller.
The last phase of decline left many liquidity behind it, with a first cluster around the $ 180, but especially the level of the $ 210 where a significant liquidity pocket resides.
Still classified 6ᵉ to the rank of cryptocurrencies, with a capitalization of $ 66.67 billion, the Solana crypto could be in the process of finding a low point.
| Pairs with Solana | 24 hours | 7 days | 1 month |
| Solana/ USDT | +7.10 % | -13.30 % | -35.80 % |
| Solana / Bitcoin | +7.40 % | -0.90 % | -20.90 % |
| Solana / Ethereum | +10.80 % | +3.40 % | -10.40 % |
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Rebound in dead cat or bullish recovery?
The Token of the Solana project has been evolving for three weeks under the pivot of the 200 dollars. Working in this area is a sign of weakness, especially with a monthly fence under the Kijun of the Ichimoku system located at $ 152.
More and more signals show a downward orientation of the soil. The mobile averages at 20 and 50 days are now resistances at 170 and 200 dollars, accompanied by a change in downward trend.
The last positive technical point to which the assets can still hang on is the level of polarity of the Bear Market at 133 dollars, which it manages to preserve. A weekly fence under this threshold, or a lowest crossing of the week, could lead to a much more marked fall on the ground, with a target close to the $ 70.
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In a day laborer, the soil reacts well in contact with the $ 133. He achieved a good absorption on Friday day, reaching a fence above Wednesday's candle, creating an encouraging three candles configuration.
To continue this upward resumption, the asset must once again cross the monthly Kijun. An operation that could require a throwback nearly 133 dollars, validating a hollow higher than the previous one before finding the strength to pierce.
If the soil manages to reconquer the $ 152, it could start a rally towards the 170, then the 200 dollars. This technical movement offers, at this stage, good probabilities of success.
In view of the market context, it is preferable to reason in step by step. If a recovery beyond 200 dollars is possible, the risk of a dead cat rebound is currently high. This scenario can only be ousted with a crossing of the old ATH, or after an upward reconstruction work once the 200 dollars are reintegrated.
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Graphic of the Solarna course in weekly
In summary, Solana is downwards but retains a last positive technical aspect: the polarity of the Bear Market at 133 dollars, which he manages to preserve for the moment. The next rebound should be observed carefully, because the risks of a Dead Cat Bounth remain high.
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Sources: tradingview, quince, glassnod
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Investments in cryptocurrencies are risky. There is no guaranteed high yield, a product with high performance potential implies a high risk. This risk taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital
Analyst at Cryptoast Academy for several years, I have been carrying out an in -depth watch in the Crypto market to analyze the next narratives while keeping the financial markets to the eye.
Emmanuel Lazaro
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