Solana price decreases by 7 %, amid uncertainty in the market before the FOMC meeting

• Nowadays, the Solana price (SOL) has achieved great success, and has now decreased by 7.02 % in the past 24 hours.
• If the price decreases to less than 121 dollars, it is possible to test the support level of $ 114.

Since the American Federal Open Market Committee (FOMC) is preparing for its decisive meeting on March 19, 2025, investors are closely watching on Bitcoin and the digital asset market in general. It is widely believed that the American Federal Reserve will maintain the current interest rate structure.

It is expected that a lot of climbing and falling into the price of encrypted currencies will occur before the FOMC meeting. Since it will provide investors with more information regarding the monetary policies of the Federal Reserve coach for 2025. However, the Solana (SOL) price has now achieved a decrease of 7.02 % in the past 24 hours, as it was traded at 126.78 dollars.

No comfort despite the positive development

Despite the dramatic increase in the number of assets that were fled to the Solana ecosystem, this remains the case. Solana received the distinctive symbols of $ 314 million over 30 days by Ethereum, according to the latest statistics.

With the size of the assets that were transferred to Ethereum Layer 2 projects. This number determines a new record for Solana. It is possible that the assets will enhance the user’s participation, which in turn increases the total closed value (TVL) and liquidity.

At the time of this report, Sol is traded at $ 126.78, a decrease of 7.02 % in the past 24 hours, according to data from CMC. Moreover, the trading volume increased by 33.60 %. The Sol price decreased by 37 % in the last 30 days as the bears continued to control.

If the price can exceed the mark of $ 131, it is possible that the resistance level will re -test 136 dollars. A fracture above this level is likely to see the level of $ 153. However, if the bears continued to run, the price decreases to less than 121 dollars, it is possible to test the support level of $ 114. All eyes will be at the next FOMC meeting, where high fluctuations are expected to be in the encryption market.