$SOL

Solana (SOL) is making headlines in May 2025, trading around $146 after a remarkable recovery from April's lows of approximately $115. This surge represents a gain of over 60%, positioning SOL near a critical resistance zone between $153 and $155. A decisive break above this range could propel the price toward $175 or even $212, according to Fibonacci retracement levels .

The bullish momentum is further supported by SOL's movement above the 50-day Exponential Moving Average (EMA) and the 23.6% Fibonacci retracement level at $142.15, indicating growing investor confidence . Additionally, the 24-hour trading volume has seen a significant uptick, reaching $1.87 billion, reflecting heightened market activity .

However, it's essential to approach with caution. If SOL fails to maintain support above $145, it could retest the $115 level, aligning with previous support zones . Traders should monitor key resistance levels and market indicators closely to navigate potential volatility.

#SOL #Solana