• Solana social sentiment hits rare 18:1 positive ratio, reports Santiment
• Surge linked to BlackRock’s fund using Solana & GameStop/meme coin hype
• SOL price consolidates near $138, testing key 20-day EMA support level

It’s all good vibes for Solana (SOL) right now! People are feeling incredibly positive about it across social media, and the buzz is reportedly thanks to big institutions showing more interest and a real sense of excitement building around the Solana ecosystem.

Factors like BlackRock choosing Solana for their tokenized BUIDL fund, and lively chats about GameStop adding fuel to the fire, are making Solana an even stronger player in the blockchain world. Right now, it’s sitting pretty as the second-biggest blockchain by Total Value Locked (TVL), holding a hefty $6.8 billion.

Santiment: SOL Social Sentiment Reaches Rare 18:1 Positive Ratio

According to Santiment, the on-chain data gurus, Solana is seeing something pretty special: for every negative comment floating around social media, there are 18 positive ones! That’s a seriously skewed ratio. Santiment believes this massive wave of good feeling comes from real progress, like BlackRock actually using Solana, and a super engaged community that’s all hyped up – partly thanks to those ongoing GameStop meme stock discussions that often spill over into the crypto space.

Related: Solana’s “Breakout” Moment? Hackathon & BlackRock Signal Growing Ecosystem

Data from Santiment reveals that the overall feeling about SOL has jumped dramatically. Social platforms are basically echoing with optimism about Solana’s role as institutions increasingly adopt blockchain technology. And here’s a fun fact: Santiment points out that whenever they see this kind of huge positive sentiment spike, it often lines up with the price of the asset going up too.

SOL Price Analysis: Consolidation Near Key Levels

Fast forward to today, March 27, 2025, and SOL is trading at about $137.96. It’s hanging out just above its 20-day Exponential Moving Average (EMA), which is around $136.57. After a slight 4.45% dip in the last 24 hours, SOL is currently testing this EMA level to see if it will hold as support.

The price is also settling around the middle Bollinger Band (BB), around $130.94. If the price tries to climb, it might run into some resistance near the upper Bollinger Band, which is close to $143.71.

Now, if SOL can decisively break through that $143.71 upper BB level, it could kick off a rally pushing towards the $160 mark, and maybe even further up with potential resistance around $180. Looking below, there’s strong support expected around $118.16 if the price drops.

The Relative Strength Index (RSI) is currently hovering near 48.62. This is kind of in the middle, suggesting neutral momentum for now. If the RSI manages to climb above 50, it might be a sign that buyers are stepping in and things could get bullish again.

Related: Arthur Hayes’ Hot Take: Ethereum to $5,000 Before Solana Even Nears $300

So, if all this amazing internet buzz translates into people actually buying SOL, we might see it try to climb back up and grab that $150 level soon.

On the other hand, if the price drops below the $130-$131 area (that’s the middle Bollinger Band we talked about), things could get a bit less exciting in the short term, and we could see it testing that $118 support level again.