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#$SOL -
*Tendencies of Solana ($SOL) – May 5, 2025 *
Solana ($SOL) has shown an impressive recovery in recent days, trading close to *$150* after hitting lows of *$115* in April⁽¹⁾. Currently, the cryptocurrency faces a key resistance between *$153 and $155*, which could define its direction in the coming weeks.
*Key Factors in the Current Trend *
✅ *Institutional interest* : The approval of the first *spot ETF for SOL in Canada* has increased confidence in its future growth.
✅ *Technical recovery* : Solana has risen *41% in May*, with *$180* as the next significant resistance; if it breaks through, it could reach *$221*.
✅ *Accumulation of Long-Term Holders (LTH)* : The growing conviction of investors reinforces the bullish trend.
*Market Outlook *
If Solana manages to surpass the resistance of *$155*, it could accelerate its momentum toward *$175* and beyond⁽¹⁾. However, if it cannot maintain its current level, it could retest supports at *$138 and $126.*