🔍 Solana (SOL) Technical Analysis — Week of May 18–24, 2025
📈 Current Overview:
Current Price: Around $170
Key Resistance Zone: $180–$184
Key Support Zone: $143–$153
SOL is currently trading within a strong support and resistance range. A breakout above $184 could open the door to $222, while a breakdown below $143 may trigger a drop toward the $94–$84 region.
📊 "Cup and Handle" Pattern Forming
Analysts suggest that Solana is forming a long-term Cup and Handle pattern — a historically bullish setup. A breakout above $200 would validate the pattern, potentially targeting $3,250 in the long run.
📉 Bearish Pressure Signals:
Over 1.4 million SOL unstaked in the past 24 hours — may indicate potential selling pressure.
Decline in trading volume and futures open interest suggests weakening bullish momentum.
📌 Forecast for This Week:
Bullish Scenario:
If price breaks above $184 with strong volume, a move toward $222 is likely.
Bearish Scenario:
If price fails to break resistance and drops below $143, expect downside toward $94–$84.
Neutral Scenario:
SOL could continue ranging between $143–$184 until a clear breakout or breakdown occurs.
