Did SOL’s bull market end when the memecoin bubble burst, or is the $150 level just a short-term technical resistance zone?
Solana’s native token, SOL (SOL), faced a sharp 8% rejection after briefly touching $147 on March 25. For the past three weeks, SOL has struggled to reclaim the $150 level, which is leading traders to question whether the bullish momentum that was originally driven by memecoin speculation and the rise of artificial intelligence sectors has come to an end.
Some analysts argue that SOL price could significantly benefit from the eventual approval of a Solana spot exchange-traded fund (ETF) in the United States, as well as the expansion of tokenized real-world assets (RWA) on the Solana network, including stablecoins and money market funds.
Others, like Nikita Bier, co-founder of TBH and Gas startups, believe Solana has “the fundamental building blocks for something to break out on mobile.”
