Solana (Sol) The price completed a “death cross” on the one -day chart on March 12, as Altcoin was combined near the long -term support level at $ 125.
This could accelerate the sale of SOL prices in the near term for a drop below $ 100 for the first time since February 2024.
Solana’s 1-day chart. Source: Cointelegraph/TradingView
A cross cross occurs when a bearish crossover occurs between 50-day and 200-day simple moving averages (SMA), with a long-term indicator above the short-term indicator.
Last month, the 50-day and 200-day exponential transition of averages (EMAS) triggered a cross cross on Solana’s one-day chart, after which prices dropped 17%, from $ 137 to $ 122.
While SMA and EMA and EMA’s deaths bring about similar implications, EMA has triggered the cross of death faster as it responds faster to price changes. A double death cross from SMA and EMA is likely to increase the likelihood of a correction.
Historically, the odds are neutral for Solana. Since this beginning, Sol’s price has witnessed a cross to death three times (including 2025) when prices are 90-day or higher downtrend.
The first cross of death in 2022 triggered a 90% collapse, but FIASCO of FTX increased in its severity. The second cross of death occurred in September 2024, but it was reversed within a month, leading to the Trump rally.
Related: 3 Reasons why Ethereum will lower its rivals after crashing into 17-month lows
However, the current structure and sentiment reflect the 2022 death of the cross when we compare market conditions. On the same occasion, a new all-time high preceded the downtrend, which led to the death of death.
As cointelegraph reportedSolana’s income has dropped 93% since January, dropping from $ 238 million to $ 32 million. This indicates a current lack of activity in Solana’s network after the end of the Memecoin Frenzy.
Can Solana entrepreneurs defend $ 125?
Based on its technical ones, Solana remains in a tricky place when comparing previous Cross Cross and collective sentimental returns to the market.
Solana should hold support between $ 125 and $ 110 for a bullish reversal. Since March 2024, SOL prices have been bouncing six times after testing the support scope, which closes above $ 125 per weekly retest.
Solana 1-week chart. Source: Cointelegraph/TradingView
A weekly close to the bottom $ 125 will signal a market weakness, which potentially increases the likelihood of a fall below $ 100. The immediate target price after $ 110 is around $ 80 for Solana, which is a significant 30% correction. Downtrend target brings confluence to weekly 0.5 Fibonacci Retracement Line.
Solana bullish divergences in the 1-day and 4-hour chart. Source: Cointelegraph/TradingView
However, the Bulls will pin their hope to a bullish variation between the price and relative power index (RSI) in the 1-day and 4 hour chart.
If Solana manages to avoid another lower one, the differences will remain in effect, which can push prices higher than $ 125, enabling Solana to avoid a fall below $ 100 and possibly establish a bottom at $ 112.
Related: Will the Bitcoin price recover $ 95k before March ends?
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
