Solana’s Prediction: Transfer Impact IDR5.12 Trillion, Can SOL Reach IDR61.94 Million? (3/17/25)

Jakarta, Pintu News – Solana (SOL) is celebrating its fifth birthday with high optimism, especially after receiving IDR5.12 trillion ($314 million) worth of asset transfers from the Ethereum (ETH) network in the last 30 days. This transfer is a record high for Solana, even 463% larger than the volume of assets coming into the layer-2 Ethereum network.

This surge in funding is predicted to increase the Total Value Locked (TVL) in the Solana ecosystem and increase liquidity and user activity. Some analysts even see this as an indication of Solana’s potential dominance over Ethereum in the long run.

Impact of Fund Transfer on Solana Price

Potential Rally to IDR2,901,400 in the Short Term

Currently, Solana’s price hovers around IDR2,102,700 ($129), down almost 4% in the last 24 hours. However, optimism remains high that SOL could reach IDR2,901,400 ($178) in the near future. Market analysts mentioned that if SOL manages to break the 20-day Exponential Moving Average (EMA), the current selling pressure could ease.

If the bullish momentum continues, the price could potentially rise towards the 50-day Simple Moving Average (SMA), which is the key resistance around IDR2,901,400 ($178). However, if the price drops below IDR1,956,000 ($120), there is a possibility of a deeper correction to IDR1,793,000 ($110) or even IDR1,467,000 ($90).

Also Read: Ethereum Prediction: Recovery or Bearish Signal? Here’s the Mid-March 2025 Technical Analysis!

Long-term Potential: Can SOL Reach IDR61.94 Million?

In the long term, the cup-and-handle technical pattern formed on Solana’s price chart could be the catalyst for a major rally. If SOL manages to break the key resistance level, analysts project a potential upside of up to IDR61,940,000 ($3,800).

While this target sounds ambitious, the increasing adoption trend, as well as the large funds flowing into Solana, could support this growth potential in the next few years.

Conclusion: Is Solana Still Worth Buying?

With the large influx of funds from Ethereum and increasing market optimism, Solana has the potential to rally towards IDR2,901,400 ($178) in the near future. However, investors should remain wary of a potential correction if the price drops below IDR1,956,000 ($120).

In the long term, Solana’s prospects remain attractive with the possibility of significant upside if adoption continues to increase and the network is further strengthened. However, as with any crypto investment, volatility remains a risk factor that needs to be taken into account.

Also Read: XRP Predictions and Impact on Crypto Market: 8% Drop After Positive Trend March 2025

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Aliyu Pokima / Coingape. Solana Price Eyes $178 Following $314 Million Bridged from Ethereum. (Accessed March 17, 2025).
• Featured Image: DL News