As of May 18, 2025, Solana ($SOL ) is trading at $166.92, reflecting a slight decrease of 0.87% in the last 24 hours.

🔹 Price Action & Technicals

Support Level: $163.69

Resistance Levels: $177.82, $183.55, and $191.94

Technical Indicators: The Relative Strength Index (RSI) is at 75.72, suggesting that SOL is currently in overbought territory, which may indicate a potential price correction.

🔹 Ecosystem & Institutional Developments

Chain GDP: Solana's Chain GDP reached $1.2 billion in Q1 2025, marking a 20% quarter-over-quarter growth.

Partnerships: Collaborations with Chainlink and DeFi Development Corp. are enhancing Solana's ecosystem.

Institutional Interest: The approval of Canada's first spot SOL ETF has boosted confidence in Solana's future growth.