Solana Technical Analysis: 17 MAR 2025
Solana’s price chart for 17th March 2025. Source: TradingView
General View
Bulls have shown determination in the recent sessions by successfully reclaiming their intra-day support zone and holding above key levels. Solana is now maintaining strength, preventing further downside despite recent selling pressure. The price is now consolidating and if buyers can sustain this momentum a push to higher levels could be in play.
On the Upside
For the price to get aggressive towards the upside, Solana needs to break the descending trendline resistance at the $135 level. Clearing this level would set the stage for a stronger corrective move higher toward the $145–$150 levels, where the next resistance awaits before any next major directional move.
On the Downside
As long as Solana continues to stay above the $125–$120 intra-day support levels, bulls remain in control of the short-term outlook. Meanwhile, there are supports lower, but Solana still has not entered any major bullish reversal zones so any breakdown below the $120 level would expose SOL to further selling pressure, pushing prices toward the strong support levels of $117.50 to $110.
Bulls holding above the key S/R level. Source: TradingView
