$SOL

Price & Performance: SOL is trading at $147–$149, up 25–41% in 30 days. Analysts see potential for a rally if it breaks $180 resistance, targeting $221 next.

Key Drivers:

- Institutional Demand: Canada approved the first spot SOL ETF, with U.S. approvals likely soon.

- Layer-2 Growth: Solana’s first L2, Solaxy, raised $33M+ to improve scalability.

- DeFi & Payments: Stablecoin TVL hit $13B, and Visa expanded USDC payments on Solana.

Technical Outlook:

- Bullish: Holding above $145–$150 (0.5 Fib) could push SOL to $175–$180.

- Bearish Risk: Failure to break $180 may trigger a drop to $123 support.

Long-Term Predictions:

- Optimistic: VanEck forecasts $520 by 2025 if adoption grows.

-Cautious: Network outages or regulations could pressure prices.

Verdict: SOL’s May performance depends on ETF news and $180 breakout. Watch macroeconomic trends and network stability.

Disclaimer: Not financial advice. DYOR.