SOL maintains support at $170: technical outlook as of May 12, 2025🌞
Solana stabilizes around $171.15, after recording an intraday high of $181.48 and a low of $168.88 on May 12, 2025.
This price level suggests a consolidation phase, as the market evaluates upcoming movements.
Technical indicators show a sideways trend, with the RSI at neutral levels and moving averages pointing to potential accumulation.
A breakout above $200 could signal the start of a new bullish phase, while a drop below $160 could indicate a correction.
Long-term projections, such as those from VanEck, estimate that SOL could reach $520 by the end of 2025, driven by its increasing share in the smart contract market and favorable macroeconomic factors.
