The Solana (SOL) price is exhibiting a notable recovery after a volatile start to 2025, bouncing back from critical support levels. A crypto analyst, Cryptollica, highlights an ascending channel pattern on the one-hour timeframe, suggesting a potential rally to $2,000 by mid-2026 if the current support holds. However, SOL must first overcome resistance at $295, and a breakdown below the channel could see prices plummet to $20. Currently trading around $134, Solana has gained over 10% in the past week, signaling renewed investor interest.
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Reasons to Hold Solana and Opportunities in AI Projects
Solana’s price has dropped 30% this year, with a 44% decline in the last month, prompting some investors to consider selling. However, short-term volatility shouldn’t deter investment, as the chain continues to thrive with a diverse ecosystem and ongoing development. A significant supply unlock from FTX bankruptcy proceedings may temporarily impact prices, but the long-term investment thesis remains intact. Notably, the growth of AI agents and infrastructure projects on Solana presents a compelling reason to invest, as these developments could drive future demand and usage fees.
read moreWhite House Crypto Summit to Focus on Regulation and Bitcoin Reserves
The White House Crypto Summit on March 7 aims to shape U.S. cryptocurrency policy, focusing on forward-thinking regulation and the potential addition of Bitcoin to national reserves. President Trump, advocating for a pro-crypto stance, seeks to clarify regulations for digital assets and promote innovation, contrasting with the previous administration’s restrictive approach. Key figures, including David Sacks, emphasize the need for clear rules to foster a thriving crypto environment.
read moreSolana TVL Plummets 40 Percent Amid Price Decline and Investor Concerns
Solana’s total value locked (TVL) has dropped 40% in the past month, falling from $12.1 billion to $7.4 billion, marking the largest decline since the FTX collapse. This downturn is reflected in a significant decrease in on-chain activity and memecoin market cap, which has plummeted 68% to $8.3 billion. SOL’s price is currently at $136.86, with analysts predicting potential further losses to around $110 if support levels fail.
read moreSolana Price Decline Explained by TVL Drop and Market Shifts
Solana’s (SOL) price has plummeted 50% from its all-time high of $295, driven by a significant drop in total value locked (TVL) from $12 billion to $7.13 billion, largely due to declines in major decentralized applications. Additionally, nearly $500 million has shifted to other blockchains like Ethereum and Arbitrum as traders lose confidence, compounded by a collapse in the memecoin market that has further impacted Solana’s perceived value.
read moreSolana price decline explained by TVL drop and memecoin collapse
Solana’s price has plummeted 50% from its all-time high of $295, driven by a significant drop in total value locked (TVL) from $12 billion to $7.13 billion, largely due to declines in major decentralized applications. Additionally, nearly $500 million has shifted to other blockchains like Ethereum and Arbitrum, reflecting a loss of trust in Solana’s ecosystem. The collapse of the memecoin market, which saw a drastic reduction in market cap, has further impacted Solana’s perceived valuation.
read moreSam Bankman-Fried Reflects on Layoffs and Unemployment on Twitter
Sam Bankman-Fried, the former CEO of FTX, has returned to Twitter after two years, sharing thoughts on layoffs and expressing empathy for government employees facing unemployment. His comments coincided with the FTX bankruptcy estate beginning to repay $1.2 billion to creditors, marking a significant step in the recovery process for affected customers. Meanwhile, interest in the “SBF coin” surged following his tweets, reflecting ongoing engagement in the crypto community.
read moreMilei’s Memecoin Venture and Its Impact on Solana Blockchain
Argentina’s President Javier Milei’s brief engagement with memecoins is impacting the Solana blockchain, known for hosting such tokens. Despite challenges, the crypto market often reframes adversity as opportunity, with memecoins seen as a means to democratize investment and promote mainstream adoption.
read moreParents of Sam Bankman-Fried Seek Presidential Pardon for Their Son
Sam Bankman-Fried’s parents are reportedly seeking a pardon from President Trump for their son, who is serving a 25-year sentence following his conviction related to the FTX exchange collapse. They have met with Trump associates to discuss clemency, despite Bankman-Fried lacking the support that helped secure a pardon for Silk Road founder Ross Ulbricht. Additionally, former FTX executive Ryan Salame, sentenced to over seven years, is also pursuing a pardon.
read moreTether’s Market Value Declines Amid New EU Cryptocurrency Regulations
Tether’s market value has dropped to a two-year low, with USDT’s market cap falling over 1% to $137.24 billion amid new EU cryptocurrency regulations. The decline follows the removal of USDT from several exchanges due to compliance issues with the MiCA regulation, which requires issuers to have a MiCA license for trading certain tokens in the EU. Despite concerns about market volatility, experts suggest the impact may be limited to the EU, as most trading volume occurs in Asia and the U.S.
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