Combining recent news and market dynamics, I’ll briefly and bluntly discuss my views on the future trend of Sol
(Personal opinion, for reference only):
Short-term (next 1-2 weeks): Be wary of pullback pressure, but don't panic!
Recently, the price of SOL has been like a roller coaster, soaring to $172 on May 9, only to drop to $173.5 on May 11 due to the sale of 132,000 SOL (worth $22.88 million) on the Pump.fun platform. This behavior of whales frequently transferring to exchanges indicates that more people may cash out in the short term, leading to increased price volatility. On the technical indicators, the MACD has shown a 'death cross,' and the RSI is also weak, which looks a bit dangerous.
But don't rush to flee! If SOL can hold the critical support level at $170, the possibility of a rebound still exists.
Medium-term (by the end of May): Breakthrough $200? It depends on two key factors.
Can the technical pattern fulfill its promise:
Several analysts have mentioned that SOL is forming a 'symmetrical triangle' and a 'cup and handle' pattern, both of which are bullish signals. If it can break through the resistance range of $154-165, it may quickly surge to $180-200. However, the price is currently hovering around $170, and we need to observe whether the trading volume will cooperate.
Long-term (within this year): Ecology determines the ceiling.
The real strength of SOL comes from its ecology:
DeFi and NFT: TVL (Total Value Locked) exceeds $8 billion, firmly sitting in the top three of public chains, with high user activity.
AI and payments: AI projects like Render are booming on SOL, and giants like PayPal are also laying out stablecoins.
Technical upgrades: Mainnet stability has improved, and there hasn’t been a major outage in 2025 (Flag, don’t fall!).
However, there are risks as well:
Competitive pressure: The Ethereum ecosystem remains strong, and new public chains and meme coins (like Mutuum Finance) may divert funds.
Regulatory black swans: Changes in U.S. policy.
Personal sentiment: Cautiously optimistic, but don’t go all in!
Reasons for bullishness: Technical potential, solid ecology, large players betting, $200 is not a dream.
Concerns: Frequent whale sell-offs, ETFs may have a lot of noise but little impact, the overall market is greatly influenced by Bitcoin.
Operational advice: In the short term, don’t chase highs; wait for a pullback to $160-170 to enter in batches; long-term holders can ignore volatility and hold steady for ecological explosions.
In summary, SOL is like a wild horse—runs fast but has a lot of bumps. If you have a strong heart and can withstand the volatility, it might be the dark horse in this bull market.
