As of May 5, 2025, the cryptocurrency Solana (SOL) is trading in the range of $142.81 – $147.52, with the current price around $144.06. In the last 24 hours, the price has decreased by approximately 0.88%.
Technical analysis and forecast for today
Key levels:
Support: $143.44
Resistance: $151.76
Indicators:
Relative Strength Index (RSI): 68.75 — indicates a strong but not yet overbought market.
Simple Moving Averages (SMA): Price is hovering around the 50-day SMA, which may signal a potential upward movement upon breaking resistance.
Forecast for the coming days:
The price of SOL is expected to fluctuate in the range of $143.92 – $147.08.
Some analysts suggest that a breakout above $150 could lead to a rise to $185 during May.
Long-term forecasts
2025 year:
Projected price range: $245 – $360.
Some analysts expect that SOL could reach $336 under favorable market conditions.
2030 year:
Projected price: $782.41.
Conclusion
Today, Solana is showing a moderately bullish sentiment, trading near key support and resistance levels. Technical indicators suggest the possibility of further growth, especially if the $150 level is broken. However, investors should consider the overall volatility of the cryptocurrency market and monitor macroeconomic factors that may influence price dynamics.
