Solana (SOL) Has Remained Flat in the Past 24 Hours

The token is also down 35% in the past month and 27% over the past year, struggling under the weight of an 11 million token unlock and a broader downturn in the meme coin market.

Solana has remained flat in the past 24 hours, with its current price of $126 reflecting a 12% decline over the past week.

The token is also down 35% in the past month and 27% over the past year, struggling under the weight of an 11 million token unlock and a broader downturn in the meme coin market.

Despite these headwinds, the coming months could bring a shift in momentum, with Solana now in focus for potential spot ETF approvals in the US.

The launch of SOL futures on the Chicago Mercantile Exchange (CME) this Monday has fueled speculation that a Solana ETF could be on the horizon, a development that would significantly enhance its long-term price outlook.

Is a Solana ETF Coming Soon? CME Futures Signal Big Move for SOL

On February 28, CME Group announced that it would introduce SOL futures on March 17, citing growing institutional demand for regulated cryptocurrency derivatives.

This move is particularly significant because both Bitcoin and Ethereum futures launched on CME before their spot ETFs were approved, suggesting that Solana may follow a similar trajectory.

Bitwise President Teddy Fusaro noted that the introduction of Bitcoin and Ether futures played a critical role in the broader institutionalization of crypto, paving the way for regulated products such as ETFs.

Adding to the momentum, Franklin Templeton became the latest asset manager to file for a Solana spot ETF last Wednesday, joining other firms seeking approval.

Given these developments, the prospects for a Solana ETF in 2025 appear strong. However, its price action does not yet reflect this optimism.

SOL’s indicators now suggest a confirmed breakout after forming a falling wedge pattern, a historically bullish structure.

The relative strength index (RSI) has surged to 79, indicating that buying momentum has intensified. While this places SOL in overbought territory, strong breakouts often see RSI remain elevated for extended periods.

Additionally, the price has broken out of the descending wedge with significant volume, reinforcing the likelihood of further upside.

If market sentiment continues to improve, Solana could climb toward $150 in the coming days, with a potential move to $180 by late March if buying pressure remains strong.

A short-term pullback around $145-$150 may occur before another leg higher, aligning with previous resistance levels.

However, as ETF speculation builds, SOL could still be on track to reach $200 by May.

Presale Coins Can Outperform Bear Markets

While Solana’s ETF prospects are promising, its price may remain under pressure until broader market conditions improve, frustrating investors looking for faster gains.

One alternative strategy is investing in presale tokens, which can generate strong returns regardless of market trends if they gain enough traction before their launch.

One standout project is Solaxy (SOLX), a Solana-based token that has already raised over $26 million in its ongoing presale.

Solaxy has drawn significant interest because it is launching Solana’s first fully fledged layer-two network, designed to lower transaction fees, increase speed, and improve reliability for Solana users.

Additionally, Solaxy will enable instant bridging between its network and Solana, with plans to expand interoperability with other blockchains in the future.

This functionality could drive substantial demand for SOLX, which will be required for transaction fees and can also be staked for passive income.

While the presale is entering its final phase, investors can still join by visiting the Solaxy website.

Currently, SOLX is priced at $0.001662, but this rate will increase later today and continue rising until the sale concludes.

Multiverse Monkey (MMON) launches presale, with the project featuring gaming, educational content, and payment systems, offering 100% annual staking rewards.

Pi Network has climbed 0.1% in the past 24 hours, rising to $1.70 even as the broader cryptocurrency market posts a 1% loss today.

Cardano has climbed 1.3% in the past 24 hours, holding steady above the $0.70 level as bulls attempt to regain control following the downtrend that began on March 2. Trading volumes have declined by 26.6%, signaling reduced volatility, while sentiment has improved slightly, with the Fear and Greed Index rising from 15 to 19. Although this level still suggests extreme fear among investors, any recovery in sentiment could support further price gains.