Can Solana Price Retest $200 in March as Popcat, Fartcoin, Zerebro Surges?

Solana price has started the week well, rising for four consecutive days and reaching its highest level in three weeks. This rebound coincides with the broader crypto market rally as Bitcoin has soared above $57,000. SOL price has also bounced back as some popular Solana meme coins like Popcat, Fartcoin, and Zerebro soar.

Solana Price Rises as Popcat, Fartcoin, Zerebro soars

One reason why the Solana price has risen is that there are signs that the recent Solana meme coin sell-off is ending. The total market cap of all these coins has jumped to over $8.3 billion. Some of the top players in the ecosystem have soared and are showing signs of resilient growth. 

One of these tokens is Fartcoin, which has surged by 80% in the last 7 days. As shown below, the token has formed a rounded bottom, a popular continuation sign. 

Popcat and Zerebro prices have also surged by 12% and 20% in the last seven days. This rebound has pushed the daily volume in Solana DEX protocols higher. These DEX networks handled almost $1 billion in volume in the last 24 hours and $56 billion in the last 30 days.

Solana meme coins’ resilient rebound would likely help push the SOL price higher. That’s because their recent downfall was one of the main reasons why it crashed from near $300 in January to $112 this month. 

Solana coin has also rebounded as investors cheer news that Donald Trump’s reciprocal tariffs will be more targeted than expected.

SOL Price Technical Analysis: Can it Retest $200?

Solana price crashed to a low of $113 this month, and has now rebounded to slightly over $140. This rebound happened because it has bounced back whenever it hits that support point. For example, it dropped to that support in August and then surged back to $163. Similarly, it dropped to that price and then recovered to the YTD high of $300. As such, there are signs that short-sellers are afraid of placing short trades below that level.

So, will this rebound push SOL price to the psychological point at $200? While this rebound is encouraging, there is a risk that a 41% jump to $200 will not happen soon. A clearer picture on whether SOL will get to that milestone will be confirmed if it first rises above the 50-day moving average at $155. Solana will also need to flip the Major S/R pivot point of the Murrey Math Lines at $187.

Conversely, a crash to $100 will be confirmed if the price crashes below the key support at $113, the lowest point this month. That crash would bring the extreme oversold level of the Murrey Math Lines at $95 to view.