As of May 5, 2025, Solana ($SOL) is trading around $144, showing an increase of more than 60% from April's lows. The current consolidation above the support level at $140 indicates active accumulation and interest from investors.

The recent resolution of a critical vulnerability in the Token-2022 and ZK ElGamal Proof protocols has increased trust in the network, despite criticism for closed communication with validators.

Technical indicators, including an RSI above 60 and trading above the 9-day moving average, suggest a short-term bullish sentiment. The nearest resistance is at $150; breaking through it could pave the way to $160 and beyond.

Analysts, such as Greg Magadini from Amberdata, predict a reach of $200 by the end of May, provided key resistance levels are overcome.