$SOL

Here is an updated analysis of Solana (SOL) for Thursday, May 1, 2025:

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💰 Current Price

Solana (SOL) is currently trading at $151.86, with an increase of 2.99% over the past 24 hours. 

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📊 Technical Analysis

Technical indicators suggest strong bullish momentum: 

• Relative Strength Index (RSI): at 71.32, indicating a strong buying condition.

• MACD: at 1.127, supporting the upward trend.

• ADX: at 64.55, indicating the strength of the current trend.

• Williams %R: at -3.571, indicating an overbought condition.

• CCI: at 196.39, supporting the upward trend. 

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📉 Support and Resistance Levels

According to liquidity analysis: 

• Strong support zone: $126.24 - $129.12.

• Institutional resistance zone: $134.63 - $142.07$. 

If the level of $134.63 is breached, the price may target $147.31$. 

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🔮 Future Predictions

Predictions indicate that the price of Solana may reach $158.17 by the end of the month, with the possibility of price fluctuations based on market movements. 

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✅ Conclusion

Solana shows positive technical signals with strong bullish momentum. However, traders are advised to monitor key support and resistance levels and make their decisions based on current market movements.

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