Solana (SOL) Analysis – Dated May 14, 2025
Current Price: Ranges between $177 and $184, which is the highest level since February 2025, reflecting strong upward momentum.
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Technical Analysis:
Current Resistance: Between $180 and $183 – the price may struggle to surpass this level.
Strong Support: At $170.5 – the price has recently bounced off this level.
Technical Indicators:
RSI at 60: Indicates moderate upward momentum.
MACD: Bullish crossover signal, supporting the positive trend.
Bollinger Bands: Expansion in the range, indicating a strong upcoming movement.$SOL