The post Solana (SOL) Price Bounces Off Key Support—Relief Rally or A Dead Cat Bounce in the Making? appeared first on Coinpedia Fintech News
Despite being one of the popular cryptos, the Solana price is currently one of the worst-performing assets among the top 10 cryptos. The price has dropped by over 3.5% in the past 24 hours, bringing the weekly loss close to 8.35%. The volume has surged by over 300% since the start of the year, while the SOL price has maintained a steep bearish trend, reflecting the disbelief among the market participants. Among the bearish narratives, the price has triggered a healthy rebound from an important support zone, rising few bullish hopes for the crypto
Now the question arises whether the current rise is a relief rally or just a dead-cat bounce.
![]()
Solana price remains stuck in a clear downtrend, with sellers defending every bounce into overhead supply. After a sharp rejection near the descending trendline, SOL slipped back toward its support zone, showing weak follow-through from bulls. Price is attempting a rebound, but the structure still looks heavy and reactive rather than strong and impulsive. With sentiment fragile, the next move depends on whether buyers can step in with real volume and hold key levels into the close.
The chart shows SOL failing to reclaim the trendline and getting rejected from a supply band, which usually signals strong selling interest above. Since that rejection, there has been little visible demand—bounces are shallow and quickly sold into. More importantly, the Chaikin Money Flow (CMF) has dropped sharply into negative territory, suggesting liquidity is flowing out rather than in. Until CMF stabilises and price reclaims the nearby resistance zone, this bounce risks being a temporary relief move.
The real test for Solana price at month-end is the $100 psychological support level. If SOL holds above $100 and pushes back into $128–$135, it could attempt a stronger recovery toward $145–$155 before the month closes. But if buyers stay absent and the SOL price loses $100 on a daily close, the downside opens quickly, with month-end targets at $92–$88, and a deeper flush risk toward $80–$77.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Brera Stock Plunges Amid Growing Solana Pivot as 'Solmate' Firm Dumps Soccer Teams
In brief
Shares of Brera Holdings (SLMT) have dumped more than 19% on Wednesday.
The firm announced its intentions to shift focus to a UAE-centered Solana infrastructure firm late Tuesday.
One of its largest institutional shareholders, Ark Invest, began offloading small portions of its
Decrypt33m ago
Bitcoin ETF Records $238.46M Daily Inflow While Ethereum and Solana ETFs See Outflows on March 11
Gate News bot message, according to March 11 update data, Bitcoin ETFs recorded a daily net inflow of 3,392 BTC ($238.46 million) and a 7-day net inflow of 3,543 BTC ($249.1 million).
Ethereum ETFs showed a daily net outflow of 1,207 ETH ($2.49 million) and a 7-day net outflow of 21,846 ETH ($45 m
GateNews1h ago
XRP Price Prediction 2026: DeepSnitch AI’s 100x Case Dwarfs XRP & Solana, While Wall Street Pushes $540M in SOL ETFs
Goldman Sachs, Morgan Stanley, and Citadel collectively poured over $540 million into US spot Solana ETFs in a single quarter. When the most conservative names in traditional finance start filing disclosed positions in altcoin ETFs, the narrative moves permanently.
That institutional
CaptainAltcoin1h ago
Chainlink Expands on Solana With Jupiter Prediction Market Integration
Jupiter has plugged in Chainlink’s Data Streams for its 5-minute and 15-minute prediction markets on Solana.
While Jup Predict now relies on Data Streams for its short-duration crypto markets, Jupiter has not added Chainlink to its wider DeFi protocol.
Chainlink has announced a new
CryptoNewsFlash1h ago
Solana Price Lags Major Cryptos Despite Record On-Chain Activity
There is a strange phenomenon that was recently noticed by CoinMarketCap in the crypto market. This week, Solana provided a high output of blockchain activity. Nonetheless, its market price could not compete with other major digital assets. Although some of the most popular cryptocurrencies, such as
Coinfomania5h ago
Nasdaq-Listed Solmate Plans Corporate Restructuring and to Build Solana Hub in UAE
Brera Holdings rebranded to Solmate Infrastructure, focusing on building a Solana hub in the UAE. The company also announced a reverse stock split to align with institutional investor preferences, enhancing flexibility and addressing share structure.
TheNewsCrypto5h ago
