📊 Solana (SOL) Market Overview
Current Price: ~$146.71 USD
24h Change: +0.8%
24h Range: $142.81 – $147.52 USD
Market Cap: ~$76.1 billion USD
24h Trading Volume: ~$1.85 billion USD
Circulating Supply: ~518.2 million SOL
All-Time High: ~$294.85 USD
📰 Recent Developments
ETF Approval Boost: Canada's approval of the first spot SOL ETF has increased institutional confidence in Solana, potentially paving the way for similar approvals in other jurisdictions.
Technical Indicators: Solana is approaching a critical resistance zone between $153 and $155, defined by a descending trendline that has capped upward momentum since February. A breakout above this zone could signal a bullish trend continuation.
Community Engagement: The Solana domain name service, sns.sol, recently hinted at a potential airdrop, sparking excitement within the community and potentially increasing adoption of .sol domain names.
🔮 Price Forecasts
Short-Term (May 2025): Analysts suggest that SOL may test the $155 resistance level, contingent on market sentiment and the outcome of the upcoming token unlock.
Mid-Term (Q2 2025): Projections indicate potential trading ranges between $160 and $180, influenced by broader market trends and adoption rates.
Long-Term (End of 2025): Forecasts estimate SOL could reach up to $336.25, reflecting long-term growth prospects tied to the project's development and market expansion.
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