Solana (SOL) Price Prediction: SOL/USDT Still Facing Challenges

Solana Price Prediction: May 2, 2025

The Solana market has not been able to successfully breach the resistance at $160.00. As a result, previous attempts to reach this price level have failed. Nevertheless, the market is now progressing toward that same price point, which remains a significant resistance level.

SOL/USDT Long-Term Trend: Bullish (Daily Chart)

Key Price Levels:

Resistance: $150.00, $160.00, $170.00

Support: $140.00, $130.00, $120.00

The ongoing session holds some important technical levels. However, the corresponding price candle is red, which indicates short-term selling pressure. As a result, price action remains below the 100-day Moving Average (MA) line...