📊 Solana (SOL) Market Overview
Current Price: ~$150.70 USD
24h Change: -0.66%
24h Range: $148.38 – $153.84
Market Cap: ~$66.5 billion
24h Trading Volume: ~$1.2 billion
Circulating Supply: ~441 million SOL
All-Time High: $260.06 (November 2021)
📰 Recent Developments
Price Recovery: Solana has experienced a significant recovery, rising from approximately $115 in early April to around $150 by May 2, 2025. This upward trend indicates renewed investor confidence in the asset.
Technical Analysis: Analysts have identified a key trendline supporting Solana's price action during its bull run. The asset is currently in a recovery phase, rebounding from recent lows while staying above this crucial support.
Network Activity: Solana's network has seen increased activity, with projects like Boop.fun reaching a $500 million market cap shortly after launch, driven by meme coin hype and major investor interest.
🔮 Price Forecasts
Short-Term (May 2025): Analysts predict that Solana could reach between $155 and $160 by the end of May, driven by bullish chart setups and strengthening technicals.
Mid-Term (Q2 2025): Projections suggest that Solana may trade within the $160 to $180 range, supported by continued network growth and positive market sentiment.
Long-Term (End of 2025): Forecasts vary, with some analysts estimating Solana could reach between $199 and $205 by the end of 2025, depending on factors like network upgrades, DeFi adoption, and broader market trends.
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