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Cryptocurrency News Articles

Despite Market Uncertainty, Solana (SOL) Sentiment Surges to Record High on Social Media

Mar 28, 2025 at 12:23 am

Despite ongoing market uncertainty, SOL, the native token of the Solana blockchain, is garnering significant attention from crypto enthusiasts on social media. Today, March 27, 2025

Despite Market Uncertainty, Solana (SOL) Sentiment Surges to Record High on Social Media

Solana (SOL) has been a hot topic among crypto enthusiasts on social media, even amid market uncertainty. Today, blockchain-based analytics firm Santiment revealed that Solana sentiment has surged to a historic positive level on social media.

Solana Sentiment Surges to Record High

As reported by Santiment, there are over 18 positive SOL comments for every 1 negative comment across social media, indicating an astonishing level of bullish sentiment.

This surge in positivity may attract more investors, especially as institutions like GameStop and BlackRock integrate Bitcoin and launch a yield-bearing tokenized treasury fund on Solana, the world’s fifth-largest cryptocurrency by market cap.

Following this development, many posts on social media reflect optimism for market recovery, with a bullish outlook on the broader cryptocurrency market.

“Many crypto traders are in a rather upbeat mood today as Bitcoin hovers around the $46K level and the broader market attempts to recover some recent losses,” reads a portion of a recent post by Santiment.

The post further revealed that there has been a shift in sentiment as crypto market chatter is turning more positive.

“The crypto community is slowly shifting its sentiment. After a rather negative start to the week on Monday, we've seen a good shift in chatter turn more positive over the past 48 hours.”

Overall, the combination of technological advantages, institutional interest, community support, and influencer engagement are contributing to a nearly unheard of positive vs. negative commentary ratio of 18:1 right now.

Current Price Momentum

At press time, SOL is trading down by 0.75% in the past 24 hours, trading at $139.3. However, during the same period, the asset’s trading volume jumped by 5%, indicating increased trader and investor participation following these developments.

Solana (SOL) Price Analysis and Upcoming Levels

According to expert technical analysis, SOL is in an uptrend, moving within an ascending channel pattern. Currently, the price is at the lower level of this pattern, suggesting a potential recovery.

Based on recent price momentum, if the asset holds above the $132 level, there is a strong possibility it could surge by 10% to reach $151 in the coming days.

If bullish sentiment continues and the price holds above $150, SOL could further rally by 25% to reach $186 in the coming days. However, if the price breaks below the channel’s lower level and the $130 support, it could drop by 15% to reach $117.

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Other articles published on Mar 31, 2025