$SOL
Solana (SOL) Market Overview – May 6, 2025
Current Price: $145.27
Trend: Bullish overall, with slight pullback from recent highs.
Support Levels:
$140 (immediate)
$135 (secondary)
$126 (strong support)
Resistance Levels:
$153–$155 (major resistance zone)
$175–$190 (breakout targets)
RSI: Neutral (around 50), allowing room for either upward move or consolidation.
Market Sentiment: Positive, with Solana in “Hope” phase (per NUPL), indicating potential for further upside.
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Trade Setup
1. Trend Buy (Bounce or Consolidation Entry):
Buy Zone: $140–$145
Stop Loss: $135
Take Profit 1: $155
Take Profit 2: $175–$190
2. Breakout Buy (Above Resistance):
Buy Above: $155 (with volume confirmation)
Stop Loss: $148
Take Profit: $175–$190
Note: Use strict risk management and avoid impulsive entries during volatile swings.