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Solana's Consolidation Continues: Forecasts and Key Levels

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by Giorgi Kostiuk

2 days ago


Solana (SOL) remains in a consolidation phase, trading within a narrow range for three days. Traders are watching closely for a potential breakout or correction.

SOL's 3-Day Price Performance

March 20, 2025 – SOL opened at $135.62, reached a high of $136.11, dropped to $126.61, and closed at $127.50. On March 21, the price opened at $127.50, hit a high of $130.12, fell to $124.83, and closed slightly higher at $128.45. On March 22, SOL opened at $128.45, peaked at $131.77, bottomed at $127.78, and closed at $128.49, indicating price consolidation. March 23, 2025, sees SOL trading around $128.39, reflecting a slight decrease from the previous close.

SOL Price Prediction for the Next 3 Days

Solana's recent price pattern suggests a period of consolidation, potentially setting up for a significant move. Here are the expectations:

- Bearish Outlook (55% Probability): If SOL fails to hold $127.50 as support, increased selling pressure could drive the price down to $125.00 or even $122.00. A drop below $120.00 would indicate a stronger bearish trend. - Bullish Outlook (45% Probability): If SOL maintains support above $127.50 and breaks past resistance at $131.77, it could climb toward $135.00-$138.00. A sustained breakout above $140.00 would confirm bullish momentum.

Key Levels to Watch

Support: $127.50, $125.00, $122.00. Resistance: $131.77, $135.00, $140.00.

Solana remains in a consolidation phase, and traders should closely monitor volume and market sentiment for signs of its next major price move.

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