Solana Price Prediction: SOL Hits $142 Daily High—Can It Surge Past $160 by March?

Solana (SOL) continues to gain traction, surging to a daily high of $142 as investor sentiment turns bullish.

The latest Solana news indicates that SOL has been rallying steadily, fueled by a combination of technical breakouts and macroeconomic factors. Analysts are now eyeing a potential move past $160 in the coming weeks.

White House Tariff Policy Sparks Market Rally

The broader cryptocurrency market, including Solana, received a boost from reports suggesting that the White House is scaling back its initial tariff plans set to take effect on April 2. According to recent Solana news, this easing of economic pressure has bolstered investor confidence, pushing Bitcoin above $87,000 and lifting altcoins like Solana.

Solana (SOL) was trading at around $132.80, up 3.33% in the last 24 hours at press time. Source: Brave New Coin

A report from the Wall Street Journal indicates that President Trump’s proposed reciprocal tariffs will still take effect, but sector-specific tariffs on automobiles, pharmaceuticals, and semiconductors may not be included. “The White House didn’t respond to requests for comment on if or when any of those tariffs are still planned to go into effect,” the report noted. This development has injected fresh optimism into risk assets, with Solana news reflecting the broader rally.

Solana’s Technical Breakout Signals Further Upside

Technically, SOL has broken out of a downtrending trendline, a strong bull sign. The recent Solana news release means that the breakout has occurred at high volume and with a positively trending Relative Strength Index (RSI), which is a sign of waning bearish momentum.

The recent price breakout fuels optimism for Solana’s short-term retest of $160. Source: Mindfullylost on TradingView

“If SOL is to keep on its present trend, a 15% move to the $160 resistance mark is inevitable,” a market expert recently said in Solana price news. In addition, the Moving Average Convergence Divergence (MACD) recently initiated a bullish crossover, also bolstering the potential for sustained growth.

However, analysts warn that if SOL cannot hold above its critical support level at $118.10, a test of its March 11 low of $112 is possible. Watching Solana news now will be critical for traders navigating these price levels.

Trump’s Endorsement of Solana-Based Meme Coin

Adding to the excitement in the Solana ecosystem, U.S. President Donald Trump recently expressed support for a Solana-based meme coin. “I LOVE $TRUMP—SO COOL!!! The Greatest of them all!!!!!!!!!!!!!!!!” Trump wrote on Truth Social. This endorsement sparked a 17% surge in the meme coin’s price, reaching $12.51 before retracing.

Donald Trump stirred excitement in the Solana ecosystem by praising a Solana-based meme coin, calling it “the greatest of them all” on Truth Social. Source: TruthSocial

Despite the rally, meme coin Solana news highlights that the token remains significantly below its all-time high of $77.24 recorded in January.

Institutional Interest and Blockchain Adoption

The latest Solana news is that institutional buying of SOL keeps growing, with analysts predicting price appreciation. Active addresses, currently over 11.09 million, indicate growing blockchain adoption and network usage.

Polymarket users estimate an 87% chance of a spot Solana ETF approval in 2025. Source: Asset Wave via X

In addition, Solana ETF news has also worried investors with rumors growing about possible approval of SOL-related exchange-traded funds. A recent market expert contributed to a forecast concerning Solana news, saying, “Institutional demand for Solana is on the rise and, if market conditions remain favorable, we could even see SOL reach $400 by the end of the year.”

Final Thoughts: Can SOL Push Past $160?

As Solana surpassed levels of resistance and had macroeconomic tailwinds, its short-term outlook is optimistic according to analysts. Despite the issues of market volatility and regulatory ambiguity, the latest Solana news update shows good technical and fundamental support for further gains.

Solana is regaining bullish momentum, breaking key resistance levels, and could surpass $160 on its way to $180. Source: VasilyTrader on TradingView

With investors and traders monitoring the latest Solana price news, today’s question is: Can SOL sustain its rally and fly above the $160 level? With increasing adoption, positivity, and positive market drivers, Solana’s short-term future appears bullish. Tune in for tomorrow’s Solana news as the cryptocurrency market continues to evolve.