Currently, SOL is oscillating in the $85–$92 range; $88 forms a key short-term support, while the $92 level acts as a pivotal mid-term technical watershed. On-chain DEx trading volume and net outflow are simultaneously rebounding, indicating structural optimization for mid- to long-term holdings and a weakening of selling pressure. Ongoing ecosystem innovation continues to reinforce project fundamentals. In the short term, caution is warranted regarding volatility triggered by geopolitical and macroeconomic disturbances. Should the price break above $92 decisively, supported by volume, an upward trend may be reinitiated. Conversely, if $88 is lost, watch for a move toward secondary support at $85. It is recommended to monitor the interplay of on-chain activity and macro risks, maintain a neutral-to-bullish allocation, and implement strict stop-loss and position management.

Following the retreat from the March 16 high of $96.19, SOL has been oscillating between $85 and $92. The daily chart shows the price repeatedly finding support near $88, with the $92.19 level acting as a resistance for short-term bullish breakthroughs. During this phase, trading volumes have declined compared to previous periods, but a surge in on-chain DEx trading was observed on March 23, indicating a restoration of market participation and capital activity. If SOL can break above the $92 resistance and maintain supportive daily trading volume, mid-term bullish momentum may be recovered. Otherwise, a breakdown below $88 demands caution for testing support strength in the $85 area.

A SOL chart pattern that previously preceded multiple triple-digit gains has reappeared. This signals a potential return of bullish sentiment for the altcoin, suggesting that SOL bulls may be preparing to push for new price highs.

Solana (SOL) price signals show signs again related to the previous 142% recovery: Is bullish sentiment returning?

Solana ($SOL) is trading at $87.29, down 0.31%, with holders experiencing losses for seven consecutive weeks. Since March 17, exchange behavior shifted from depositing to withdrawing $SOL, signaling reduced selling pressure. Despite ongoing realized losses, daily outflows of $SOL from exchanges suggest holders are holding rather than selling. Price sits just below key support near $88, with resistance at $92.19 needed for a bullish momentum shift.

Solana Holders End 4-Week Selling Pressure Despite Losses

Solana's decentralized exchange (DEX) volume surged to $138.4 billion, the highest in a year, more than doubling from mid-February lows, indicating recovering on-chain activity. However, the SOL price remains near $87 after a 55% crash, struggling to break the $97 resistance. Short-term holders face losses and may sell at breakeven, while long-term holders accumulate by withdrawing tokens from exchanges. The price must hold above $85 to avoid further decline toward $67.

Solana DEX Volume Doubles to a One-Year High, but SOL Price Faces a 55% Crash Hangover

Recently, heightened tensions in the Middle East and strong U.S. statements regarding Iranian energy facilities have increased risk-aversion sentiment, leading to a collective decline among major digital assets including SOL. Meanwhile, the Federal Reserve's continued hawkish stance has pressured risk assets. Short-term investors are less willing to allocate to crypto assets, as surging oil prices and increased commodity futures volumes shift attention. With macro and geopolitical shocks resonating together, SOL's short-term volatility has intensified. The market must closely monitor ongoing developments for their impact on liquidity and risk management sentiment.

The cryptocurrency market is declining following US President Trump's threat to attack Iran's energy infrastructure if the Strait of Hormuz is not reopened. Bitcoin, Ethereum, Solana, XRP, gold, and silver all fell. Investors are shifting from cryptocurrencies like XRP and Solana to commodities such as oil and silver, with oil futures trading volumes surpassing those of these altcoins. Rising crude oil prices amid geopolitical tensions have driven this shift.

Investors Are Now Preferring These Over XRP and Solana (SOL)! Here Are the Details

Bitcoin and most altcoins declined following geopolitical developments and the Federal Reserve's hawkish stance, with Bitcoin dropping from $76,000 to around $68,000. Ethereum, XRP, Solana, and others also lost value, contributing to a $200 billion drop in the total crypto market cap to $2.43 trillion. In contrast, the AI-focused altcoin $SIREN surged 90% in 24 hours, reaching a new all-time high above $1.70, defying the broader market downturn.

Bitcoin and altcoins struggle, while SIREN soars to new heights

Following Trump's 48-hour ultimatum to Iran threatening strikes on power facilities, Bitcoin quickly dropped below $69,200 with a 2.2% 24-hour decline and a 3.1% weekly loss. Major cryptocurrencies like Ethereum, XRP, BNB, Solana, and Dogecoin also weakened. Despite the Fed's dovish stance supporting risk assets, ongoing war risks deterred traders from large bets. Analysts warn that failure to reopen the Strait of Hormuz could escalate conflicts, impacting global energy transport and suppressing risk asset performance.

Analysis: Trump issues a 48-hour ultimatum to Iran, mainstream crypto assets weaken simultaneously.

On-chain data shows that after 41,000 SOL flowed into exchanges from an anonymous address in the early hours of March 22, selling pressure rose briefly. However, a pronounced trend of net outflow throughout the day indicated that investors were reducing sell activity in favor of longer-term holding. With price suppression, previous short-term sellers gradually exited, while mid- and long-term holders continued to withdraw funds from exchanges for storage. This interplay between exchanges and wallets reflects short-term profit-taking retreats and signals potential restoration of confidence in future prospects.

According to ChainCatcher and Arkham data, at 02:03, 41,000 SOL tokens, valued at approximately 3.58M USD, were transferred from an anonymous address (starting with C74G2...) to Binance.

Data: 41K SOL transferred to Binance, valued at approximately 3.58M USD.

Solana ecosystem projects are advancing innovative applications. Recently, a Solana-based trading platform launched an airdrop of native tokens with no initial holdings by founding teams; subsequent release mechanisms are linked to platform performance, encouraging long-term lock-up by participants. Meanwhile, the crypto industry in the Middle East remains stable, with no large-scale capital flight despite regional tensions, providing positive support for SOL’s international ecosystem expansion. Overall, diversified ecosystem deployment and resilient regional policy environments offer solid backing for SOL’s long-term value.

The UAE's crypto industry remains stable despite regional conflicts, with remote operations and no major capital flight. South Korea's main opposition party seeks to abolish a planned 22% crypto tax. Bursa Malaysia proposes Digital Currency ETFs listing. Russia considers public blockchain issuance for cross-border financing. Japan plans stricter crypto penalties. South Korea fines Bithumb for AML violations. Other news includes threats over missile attack reports, Metaplanet's $570M financing, Crypto.com's South Korea payment partnership, and Binance's Iran-related fund investigation.

Asia's weekly TOP10 crypto news: Current State of the Crypto Industry in the UAE and Top10 News

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Goolsbee: Rate cuts can only be expected after seeing progress in inflation.

Bauer: Evidence of inflation easing is needed before rate cuts.

Federal Reserve Governor Barr: Interest rates may need to remain stable for "a period of time."

The probability that the Federal Reserve will keep interest rates unchanged in April is 90.7%.

Digital Asset Markets Experience Minor Contraction; US Senate Bill Draft Limits Stablecoin Rewards

U.S. Treasury yields sharply reversed their gains after the U.S. stock market closed, as investors closely monitor the developments in the Iran situation.

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