Solana (SOL) โ Market Update ๐ May 8, 2025
๐ Market Snapshot
Current Price: $154.99 USD
24h Change: +5.59% ๐
24h High / Low: $155.25 / $145.01
Market Cap: ~$66.5B ๐ฐ
24h Volume: ~$5.08B ๐
๐ฐ Key Developments
Breakout Rally: Solana has surged above $150, showing strong bullish momentum. Targets ahead: $164โ$170. ๐๐ฅ
Technical Strength: SOL held the $143โ$149 support zone. Key resistance at $156.80 ahead. ๐งฑ๐
Institutional Backing: SOL Strategies Inc. invested $18M in SOL, a major vote of confidence from big players. ๐ฆ๐ผ
๐ฎ Analyst Predictions
Short-Term: If momentum holds, SOL could hit $164โ$170 soon. โณ๐
Year-End 2025: Some forecasts suggest SOL could reach up to $420 by the end of the year. ๐ ๐
๐ง Summary
Solana is powering through resistance with strong trading volume and institutional backing. Stay alert to resistance zones and macro trends for strategic entries. ๐๐
