Can SOL Recover After Dropping 5%?

• Solana’s price decreases by 5 % after the announcement of the American tariff, which reflects a wider decrease in the market.
• Futures market data shows increasing interest in Solana despite the recent price declines.
• Technical indicators indicate the possibility of price reversal with increased purchase pressure.

Solana (Sol) recently recorded a decrease in its price, reflecting the broader trends in the encryption market. After the US President’s announcement of the new definitions, Soul decreased by 5 % within 24 hours.

This price movement reflects a larger contraction in the market, as many cryptocurrencies have lost 3 % and 4 % of their value. Despite these short -term fluctuations, analysts are still optimistic about Solana’s healing capabilities, with projections that indicate a possible target of $ 220 before April 10.

Solana was in an upward step before disrupting the declaration of customs tariffs, causing Soul to decrease to less than 145 dollars. However, some analysts sees prices to decrease temporarily.

However, as of the time of the press, Solana It was circulated at $ 125.85, as it recorded a 0.56 % increase over the past 24 hours. The market value of the Sol reached 64.49 billion dollars, with a 24 -hour trading volume of $ 3.13 billion, which reflects an increase of 2.81 % in trading activity.

Over the past day, price fluctuations witnessed a decrease in Solana to less than $ 125, followed by an increase of more than $ 128, before settling at $ 125.85. The number of Sol supply for 512.5 million, with the total number of supply of 597.53 million, while the volume of cryptocurrency trading in relation to the maximum market is 4.82 %, indicating a healthy commercial activity and market participation.

Solana’s open attention shows increasing attention

In addition to price movements, the future contract market data in Solana indicates an increase in interest in the encrypted currency. In recent months, both Soul price Her open attention increased in the future. From late December 2024 to early March 2025, the Sol price increased from about 10 dollars to more than 150 dollars, which corresponds to an increase in interest.

Despite recent price declines, future data reveals that market participants are still actively involved with Solana, with both the price and open benefits to vision of growth. This indicates that although short -term fluctuations may occur, the long -term expectations of Solana are likely to be affected by the constant market speculation and interest in their future capabilities.

Mashqat market and feelings analysis

The Solana Destruction Market also witnessed fluctuations. Over the past 24 hours, Solana trading volume decreased by 10.66 %, with a total of $ 12.42 billion. The open interest in Sol Futures witnessed a slight decrease of 0.85 %, with $ 4.69 billion. In the options market, storage units decreased by 7.78 %, with an open interest decreased by 3.16 %.

The long/short/short ratio is 1,0109, indicating the presence of balanced feelings in the market. Binance reports, the largest Sol exchange, a long/short percentage of 4.4735, indicates that merchants tend more towards long sites.

Technology indicators indicate the possibility of reflection

Regarding technical indicators, the relative strength index in Solana (RSI) is currently at 42.63, indicating that Sol is slightly declining at the present time but not yet in the sale area.

The MACD indicates a positive direction but it remains that MACD is below the signal line. On MACD, the MACD line intersection will give above the signal line a signal signal.

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