Is Solana About to Take a Dive Below $100? You Won’t Believe This! 😱

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So, here we are. Solana’s price has been on a rollercoaster ride, plummeting nearly 65% since mid-January. I mean, come on! What is this, a comedy show? But wait, there’s a SOL futures ETF now. Will that save the day? Or is it just another excuse for the price to crash below $100? 🤔

Let’s dive into the thrilling world of Solana price predictions and the key levels to watch. Because, you know, nothing says excitement like watching paint dry on a crypto chart! 🎢

Two new futures Solana ETF products are coming to the US: the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT). Sounds fancy, right? But despite this shiny new development, the outlook for Solana still looks like a rainy day. Will the selling pressure send SOL crashing below $100? Who knows! Maybe it’ll just take a nap there. 😴

Solana Price Prediction: Is SOL at Risk of Crashing Below $100?

From a technical perspective, the daily chart shows Solana bouncing off a key support level at $125.31. This level has been like a safety net for the price since March to September 2024. So, if it holds, we might see a bounce. But if it doesn’t? Well, let’s just say it could be a one-way ticket to the $100 club. 🎟️

Expecting a further descent in Solana price is unlikely as long as the $125.31 support level holds. But if it closes below that? Oh boy, that’s a signal that buyers have thrown in the towel. And just like that, SOL could be visiting its next critical support level at $100. What a plot twist! 📉

Now, considering the current market conditions, where Bitcoin’s (BTC) directional bias is slightly bullish, the chances of SOL breaching below $100 are just as high. But hey, if BTC bears decide to join the party, Solana could be in for a wild ride downwards. 🎢

Key Resistance Levels To Watch

If Solana fails to break $125.31, then we might still have a glimmer of hope. If it flips the $136 hurdle into a support floor, we could see SOL price soar to $152.70 after a 12% rally. And if the bulls really get going, we might even hit $179 and $186. That’s a 35% gain from $136.71! But let’s not get ahead of ourselves. 😅

So, here we are, folks. Solana is at risk of crashing below $100 due to the overall bearish market conditions. But hey, the launch of SOL ETF futures could potentially increase demand and impact the price. Or it could just be another day in the crypto circus. 🎪

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2025-03-22 14:54