Solana (SOL): is it worth buying now and what to expect by tomorrow?
At the time of writing this article (May 13, 2025), the price of Solana is $172.42, showing a moderate decline amid recent growth. The current situation in the cryptocurrency market remains volatile, and investors are closely monitoring SOL's behavior in the coming days.
Technical analysis: key levels and possible scenarios
Solana recently broke through the resistance level at $165, indicating a possible continuation of the upward trend. However, the current price is approaching a strong resistance zone between $180 and $190, which previously hindered the asset's growth.
If SOL manages to establish itself above this zone, the next target could be the $212 level, where significant selling pressure was previously observed.
On the other hand, in the event of a pullback, the nearest support levels are $165 and $150. A break below these levels could lead to further price declines.
Fundamental factors: what supports the growth of SOL
1. Activity in the ecosystem: The growth of DeFi and NFT projects based on Solana is contributing to increased demand for SOL.
2. Institutional interest: Large investors continue to show interest in SOL, as evidenced by increasing trading volumes.
3. Technical improvements: Solana continues to implement updates aimed at increasing the scalability and reliability of the network.
Recommendations for investors
Short-term traders: Entry into a position may be possible upon breaking the $180 level with a stop-loss set below $165.
Long-term investors: Current levels may be of interest for gradual accumulation of positions, considering the
Prospects for the growth of the Solana ecosystem. $SOL #CryptoComeback #NewsTrade