💰 Current price and performance
Current price: Approximately $173.55.
Daily change: Up by 0.43% in the last 24 hours.
Market capitalization: Approximately $90.12 billion, making it the fifth largest cryptocurrency by market capitalization.
Last week's performance: Up by 19.64%, reflecting strong upward momentum.
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📊 Technical analysis
Overall trend: Analyses indicate that Solana is in a strong upward trend, with important technical breakthroughs.
Resistance levels: The next resistance is at $175, and if it is broken, the upward momentum may continue towards $181, possibly reaching $189.
Support levels: The main support is at $162, and if it is broken, the price may correct towards $155 or even $147.
Momentum indicators: The Relative Strength Index (RSI) is at 68, indicating strong upward momentum without reaching overbought territory.
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🔮 Future forecasts for 2025
May 2025: The price is expected to range between $144 and $184, with an expected average of around $175.
End of 2025: Some analyses suggest that the price may reach $238.90, with an expected average trading around $215.52.
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⚠️ Influential factors
Technical developments: Solana is improving its infrastructure, enhancing network adoption and increasing demand for the currency.
Institutional flows: Solana has seen increased interest from institutions, supporting the upward momentum.
Market volatility: The currency shows significant price volatility, requiring caution when making investment decisions.
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