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Cryptocurrency News Articles

Solana (SOL) Tests Crucial Support Level That Could Determine Its Next Move

Mar 22, 2025 at 03:37 pm

Pepeto: The Revolution in the Meme Coin SpacePepeto isn't just another meme coin riding the wave of internet hype—it's a project that blends humor with substance

Solana (SOL) Tests Crucial Support Level That Could Determine Its Next Move

Solana (SOL) is testing a crucial support level that could decide its next move in the unpredictable crypto market. Despite its strong footprint in the blockchain world with fast, cheap transactions, SOL is at a pivotal moment.

Either it will confirm its upward momentum or face a more substantial decline. Meanwhile, newcomer Pepeto is entering the scene with promising features, potentially making it worth watching for investors.

Pepeto: Revolutionizing the Meme Coin Landscape

Pepeto isn’t just another meme coin hit by the waves of internet hype—it’s a project aiming to blend humor with substance.

Inspired by the “god of frogs,” Pepeto brings a mythological flair to its mission, claiming to wield six sacred documents: Power, Energy, Precision, Efficiency, Technology, and Optimization.

These aren’t mere catchphrases but the cornerstone of a plan to build an ecosystem and exchange that accepts all memecoins, providing them with genuine use.

In contrast to its predecessor Pepe, which largely relied on viral buzz, Pepeto aims to bring the dispersed memecoin community together.

This is where these tokens might find long-term value, an aspect that sets Pepeto apart, especially with its focus on technology and optimization—qualities often absent in the meme coin space.

With a total supply of 420 trillion tokens and a triple-digit price range, the project has structured its tokenomics to balance accessibility, growth, and stability.

This ambitious setup, along with the promise of a zero-fee exchange and cross-chain capabilities, positions Pepeto as a game-changer.

For investors looking at the best crypto to buy in 2025 or the best meme coin to buy, Pepeto’s blend of community-driven fun and practical innovation makes it a project to watch.

Solana (SOL) at a Crossroads: Will Support Hold?

SOL is no stranger to the spotlight, having earned its reputation for high-performance blockchain technology, capable of rivaling Ethereum.

However, market dynamics have brought it to a critical retest of a multi-year support zone between $110 and $120, as highlighted by analyst Ted (@TedPillows) on X.

This range coincides with a long-term ascending trendline, creating a confluence of technical levels that traders observe for high-probability bounce areas.

“If you believe in $SOL, now is the time to bid.

“A retest of multi-year support zone along with retest of multi-year uptrend support.

“I’m hoping Solana will hold $110-$120; otherwise, the risk of a 30%-40% correction will go up.”

The price action already shows signs of recovery from this zone, suggesting that buyers are stepping in to defend it—a classic accumulation point in Solana’s history.

Solana’s fate now hangs in the balance at its $110-$120 support zone. If it breaks down, then there’s a good chance of a harsh 30-40% correction down to $85-$90, where previous structural floors are located.

But as long as current support holds, the bullish outlook remains intact, with potential runs to $140 and $157 ahead. Reclaiming these resistance levels would confirm a meaningful reversal and continuation of Solana’s larger uptrend.

The moment is critical—better market liquidity and wider adoption could power this recovery, but breaking down might damage confidence in SOL’s near-term outlook.

As Solana is testing this key level, its performance could decide its standing throughout 2025. Watching this support zone is crucial, as the outcome will determine whether SOL maintains its position or loses momentum to rising alternatives like Pepeto.

Why Pepeto Could Be the Best Crypto to Buy in 2025

In the present moment, Pepeto’s presale phase has generated noteworthy interest, having already raised over $5 million.

Priced at a modest $0.000000116 per token, $PEPETO offers an enticing entry point for early investors.

This low price, in tandem with the project’s ambitious roadmap, hints at a substantial upside potential as it progresses toward exchange listings and broader adoption.

The presale’s success reflects not just hype but a growing belief in Pepeto’s vision to bridge technology and memecoin culture.

Among its most attractive features is the staking program, promising annual returns of over 300%—a staggering figure that has enticed investors.

With over 27 trillion $PEPETO tokens already allocated for staking by the community, there’s a clear commitment to the project.

These rewards are distributed at a rate of 32,015,981.73 $PEPETO tokens per ETH block, set to roll out over two years once the claim

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