SOL Market Trend Analysis 20250519

The weekly chart shows a small bullish candlestick in the shape of a doji, with trading volume remaining basically flat compared to the previous week, which is considered normal trading volume.

The price rebound faced resistance at the weekly MA30 line, resulting in a downward adjustment, which is part of a normal trend.

The weekly MA30 line is trending flat, and the MACD is showing increased bullish momentum below the zero axis, indicating that the weekly level rebound has not yet concluded.

It is necessary to break through the resistance of the weekly MA30 line, and for the price to stabilize above the MA30 line, in order to further open up upward space.

In the coming weeks, we still need to observe how Bitcoin performs; as long as Bitcoin's downward adjustment isn't too significant, SOL will have a corrective upward trend. After a slight fluctuation at the weekly level, it will aim to break through the resistance of the MA30 line.

The short-term target for the upward trend at the weekly level is $200. If it stabilizes at this integer level, it can continue to push towards $240. We'll watch and see.