As of May 3, 2025, 15:00, the price of SOL is approximately $149.57, with a 24-hour trading volume of about $3.75 billion and a market capitalization of approximately $75.14 billion. In the short term, the price has firmly stabilized above the 50-day moving average (approximately $147.2), and the RSI (Relative Strength Index) is in the range of 62-64, indicating that momentum is skewed towards the bulls but is close to being overbought; the MACD (12,26) histogram is slightly above the zero line, supporting continued upward momentum; the NUPL indicator has entered the “Hope” zone, reflecting an overall increase in holder confidence. Considering all signals, it is expected that in the next 48 hours, SOL will primarily trend upwards with fluctuations, focusing on the breakthrough of the resistance zone at $150-$155, and the effectiveness of support around $147 in case of a pullback.
---
1. Current Market Snapshot
Price: $149.57 (OKX real-time quote)
24h Trading Volume: $3.75 B (approximately $3.75 billion)
Market Capitalization: $75.14 B
---
2. Key Technical Indicators
2.1 Moving Average (MA)
50-day moving average: Approximately $147.21, with the current price above the average line, indicating that the medium-term bullish structure is still ongoing.
200-day EMA: Approximately $160, which is an important long-term resistance level; if the price pulls back below this level, it may form a suppression.
2.2 Relative Strength Index (RSI)
1-hour RSI: Approximately 63, nearing the overbought area (>70), with short-term risks of fluctuations and pullbacks.
14-day RSI: Approximately 64.5, indicating strong buying power in the medium term, but caution is advised for high-level pullbacks.
2.3 Moving Average Convergence/Divergence (MACD)
MACD (12,26): The histogram is above the zero line, but the magnitude is limited, indicating weak and stable upward momentum.
2.4 Market Sentiment Indicator (NUPL)
NUPL: Entering the “Hope” zone, reflecting an expansion in net profits for accumulated holders, strengthening bullish sentiment.
---
3. Future 48-hour Trend Analysis
1. Continuation of Upward Momentum
The price is stable above the 50-day moving average, establishing a short-term bullish structure. If it breaks through the $150-$155 resistance zone, it is expected to test the $158 level.
2. Key Resistance and Support
Resistance: The $150-$155 range is a previous high-volume trading area and psychological barrier, and a breakout needs to be accompanied by increased trading volume.
Support: Around $147 is the support of the 50-day moving average; if it can stabilize upon pullback, the upward momentum will not be undermined.
3. Volatility Risk
RSI nearing overbought; a slight pullback may occur in the short term; if it falls below $147, watch for further pullback to around $144.
4. Trading Volume and Capital Flow
Current 24h trading volume remains at the level of $350-400 million; if there is an increase in volume combined with a breakout in the next 48 hours, it will strengthen the subsequent directional choice.
---
4. Risk Warning
Macroeconomic and Market Sentiment Fluctuations: Macroeconomic rate hikes, regulatory dynamics, or large investor sell pressure may trigger severe volatility.
Technical False Breakout: If there is a rapid surge near the resistance level followed by a lack of continuation in volume, it may form a false breakout.
Liquidity Changes: Key time points (such as ETF review progress, network events) may lead to sudden reductions in liquidity or amplified volatility.
---
Conclusion: In the short term, SOL is still in a bullish consolidation pattern. Focus on the performance of the $150-$155 resistance zone and the effectiveness of the $147 support, combined with trading volume and macro news for dynamic profit-taking and stop-loss strategies.