Solana Price Faces Rebound After March’s Downward Turn

Solana saw a significant decline in March, dropping over 6.8% by the end of the month. However, key factors like high open interest and potential resistance levels offer optimism for a price rebound. Analysts predict Solana could reach $263 by July, fueled by increasing DeFi adoption and strong institutional interest. The coming weeks will determine whether this is a temporary dip or the start of a longer-term trend. While market volatility remains high, Solana’s strong technical support levels and positive trading volume signals suggest potential for growth.