Solana ($SOL ) Levels – May 6, 2025: Key Support and Resistance Zones

As of May 6, 2025, Solana (SOL) is trading around $145.78, reflecting a modest intraday gain of approximately 1.96%.

Resistance Levels:

$153–$155: A critical resistance zone defined by a descending trendline that has capped upward momentum since February. A decisive breakout above this range could signal a bullish continuation.

$160: A psychological hurdle that, if surpassed, may pave the way for further gains.

$171.40: Corresponds to the 38.2% Fibonacci retracement level, indicating a potential target if current resistance levels are breached.

Support Levels:

$145 and $140: Immediate support zones that could provide a cushion against short-term corrections.

$134–$140: A broader support range that has previously acted as a springboard for bullish reversals.

Solana's current positioning between these key support and resistance levels suggests a pivotal moment. A breakout above the resistance could indicate a bullish trend, while a drop below support may signal a potential bearish phase. Traders should monitor these levels closely to inform their strategies.