SOLUSD Today: December 23 — MEXC Zero-Fee Gala Targets SOL Spot and Perp Trading With $2M Rewards
Solana price is back in focus as MEXC rolls out a month-long Zero-Fee Gala for SOL spot and selected perpetual pairs alongside a $2 million rewards pool. Lower trading costs can tighten spreads and attract fresh liquidity to SOL pairs, lifting near-term activity. UK traders can track live action on SOLUSD while monitoring volumes on SOLUSDT trading. Expect faster fills during peak times and possible price swings as order flow shifts to venues offering MEXC zero fee incentives and staking yields.
What MEXC’s Zero-Fee Gala Means for SOL Liquidity
MEXC removed spot fees for SOL and added zero-fee on selected SOL perpetual pairs, paired with a $2 million rewards pool and high-yield staking. These incentives can boost depth, compress spreads, and draw market makers to SOL books. Details are outlined in the Zero-Fee Gala announcement source. Lower friction often supports tighter execution for active traders.
Fee holidays lower breakeven thresholds for scalpers and arbitrage desks, which can redirect order flow into SOL pairs. That can lift displayed size and improve queue priority. For UK investors, this may mean better quotes on SOLUSDT trading during busy London hours. Liquidity migration can also increase short-term volatility if cross-venue market depth fragments before stabilising.
Solana Price Snapshot and Key Levels
As of 07 March 2025 09:02 UTC, Solana price is $125.85, down 0.12% on the day, with a range of $124.13 to $128.70. ATR at 10.42 signals elevated intraday swings. Price sits below the Bollinger middle band at $133.47 and above the lower band at $119.74. RSI is 39.14, while ADX at 35.86 indicates a strong but softening trend.
Immediate support sits near $124.13 and the lower Bollinger band at $119.74. Resistance stands at $128.70, then the 50-day average at $140.11, with the 200-day at $174.70. A close back above the middle band near $133.47 would improve momentum. Sub-$120 opens risk to stop cascades, so sizing and clear invalidation levels matter.
Perps, Solana Futures Volume, and Risk Controls
Zero fees on selected SOL perpetual pairs can lift Solana futures volume as active traders rotate toward lower costs. More activity can tighten funding spreads and improve depth around the mark price. Expect faster order matching but sharper wicks during data releases. For SOLUSDT trading, monitor basis shifts and liquidity pockets near round numbers where algos often rebalance.
Volatility spikes can trigger liquidations if leverage is high. MEXC introduced a first trade protection program that offers up to 500,000 USDT in liquidation coverage for eligible users, which may reduce tail risks for some strategies source. Still, keep leverage modest and plan exits before liquidity thins.
Short-Term Outlook and Scenarios for UK Investors
Our indicative projections show a one-month baseline near $120.54, quarter view at $187.23, and one-year at $181.10. A bull path needs a reclaim of $133.47, then $140.11 with rising volume. A bear path risks retests toward $119.74 if rallies stall below $128.70. Liquidity from MEXC zero fee events may skew short-term ranges.
Consider staged entries near support with tight risk and partial profit targets into resistance bands. Use alerts around $128.70, $133.47, and $140.11. Keep position sizes small if trading during incentive windows, when spreads can compress rapidly. If funding turns rich, reduce leverage and favour spot. Always check exchange notices for promo rules and eligibility.
Final Thoughts
MEXC’s zero-fee push on SOL spot and selected perps can draw liquidity, compress spreads, and lift near-term engagement in Solana markets. For UK traders, that can mean tighter quotes and faster execution, but also sharper intraday moves as order flow migrates. The current setup shows Solana price below key moving averages, with RSI under 40 and volatility elevated. Build plans around clear support and resistance, keep size controlled, and avoid overexposure during event-driven bursts. If perps activity climbs, track basis, funding, and depth changes around key levels. Treat rewards and fee cuts as tactical, not a substitute for disciplined risk management.
FAQs
Zero fees do not guarantee gains, but they can attract liquidity, narrow spreads, and increase trading activity. That can improve fills and trigger short-term volatility. Price direction will still depend on broader flows, funding, and risk sentiment. Watch how volumes and market depth change during the promotion window.
MEXC removed spot fees for SOL and added zero-fee on selected SOL perpetual pairs. Coverage can vary by pair and time. Check the latest exchange notice for specific SOLUSDT trading details, eligibility, and duration. Fees on non-eligible pairs, funding, and other costs may still apply.
Watch $124.13 as near-term support, $119.74 at the lower Bollinger band, and $128.70 as first resistance. A move above the Bollinger middle band near $133.47 would help momentum, while the 50-day at $140.11 is a larger pivot. Sub-$120 increases downside risk, so keep stops clear.
Keep leverage modest, use smaller order sizes, and stagger entries. Place stops outside obvious clusters and avoid trading during thin liquidity. If funding turns expensive, review exposure. Confirm promo rules, as protection or rewards may have caps and conditions. Focus on execution quality over chasing temporary fee savings.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
