BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Solana’s Wild Ride: Is the Momentum Fading or Just Taking a Breather?

by Matoy
February 17, 2025
in Crypto, DeFi, Finance, Investing
A A
4
SHARES
Share on TwitterShare on Reddit
  • SOL hit a high of $295 but is now testing lower support near $175.
  • Trading volume spikes show heavy activity, but sellers are starting to dominate.
  • Solana’s network remains a powerhouse, but price action is showing uncertainty.

Solana has had an explosive run, reaching a high of $295 before getting slapped down by resistance. Based on the TradingView chart, the rally looked unstoppable at first, but as the price started slipping, sellers took full advantage. Now, SOL is hovering near $178, showing signs that momentum is fading.

The $175 level has already been tested twice, making it a crucial area to watch. If buyers fail to hold this line, we could see a sharper decline toward the $160 range. On the flip side, if SOL regains strength and pushes above $190, we might see another shot at $223 before any serious upward continuation.

Big Moves, Bigger Pullbacks—What’s Happening With SOL?

One look at the trading volume, and you can tell this is a battlefield. When SOL first hit $295, the volume was sky-high, meaning traders were eager to jump in. But as prices started dropping, volume stayed strong—just in the opposite direction. Sellers have been dominating, and the last couple of dips have seen massive sell-offs.

The recent bounce to $189 was decent but didn’t bring in nearly as much buying pressure as previous rallies. That’s a red flag. If SOL wants to break its downtrend, bulls need to step up. Without strong volume backing another surge, the chances of reclaiming $250 soon are getting slim.

TradingView

The Origins of Solana—A Blockchain Built for Speed

Solana wasn’t just created to be another cryptocurrency—it was designed to be a direct challenger to Ethereum. Founded by Anatoly Yakovenko in 2017, Solana set out to solve blockchain scalability issues, creating a high-speed network capable of processing thousands of transactions per second with minimal fees.

Unlike Bitcoin or Ethereum, which rely on traditional proof-of-work or proof-of-stake models, Solana introduced a unique Proof-of-History (PoH) mechanism. This innovation allows transactions to be verified almost instantly, making it one of the fastest blockchains out there.

Despite some network hiccups over the years, Solana’s ecosystem has grown massively, attracting developers, DeFi projects, and NFT marketplaces. But price-wise, it’s been a rollercoaster. Right now, SOL needs to prove it can hold support and build momentum again. If not, the next move could be a deeper correction before bulls get another chance to take control.

Tags: DeFiNFTSOLSolana
Tweet1ShareShare2

DON'T MISS THESE! HOT OFF THE PRESS

HBAR Price Rebounds, Hits Highest Point Since March
Crypto

HBAR Price Rebounds, Hits Highest Point Since March

May 10, 2025
Meme Coins Steal the Spotlight as Ethereum Surges
Crypto

Meme Coins Steal the Spotlight as Ethereum Surges

May 10, 2025
Sui (SUI) Gains 10% Amid Market Optimism — But Is a Selloff Looming?
Crypto

Sui (SUI) Gains 10% Amid Market Optimism — But Is a Selloff Looming?

May 10, 2025
TRON’s USDT Dominance Grows as Whales Tighten Grip
Crypto

TRON’s USDT Dominance Grows as Whales Tighten Grip

May 10, 2025
Cardano (ADA) Rides 16% Uptrend, Eyes $1.20 Target
Cardano

Cardano (ADA) Rides 16% Uptrend, Eyes $1.20 Target

May 10, 2025
Whale Alert! $153 Million Dogecoin Moves as DOGE Explodes 12%
Crypto

Whale Alert! $153 Million Dogecoin Moves as DOGE Explodes 12%

May 10, 2025
Load More

Related News

HBAR Price Rebounds, Hits Highest Point Since March

HBAR Price Rebounds, Hits Highest Point Since March

May 10, 2025
Meme Coins Steal the Spotlight as Ethereum Surges

Meme Coins Steal the Spotlight as Ethereum Surges

May 10, 2025
Sui (SUI) Gains 10% Amid Market Optimism — But Is a Selloff Looming?

Sui (SUI) Gains 10% Amid Market Optimism — But Is a Selloff Looming?

May 10, 2025
TRON’s USDT Dominance Grows as Whales Tighten Grip

TRON’s USDT Dominance Grows as Whales Tighten Grip

May 10, 2025
Cardano (ADA) Rides 16% Uptrend, Eyes $1.20 Target

Cardano (ADA) Rides 16% Uptrend, Eyes $1.20 Target

May 10, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Newsletter
  • Advertise
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin Meme Coin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.