$164.52, down 6.1% in the last 24 hours.
Overall trend: After correcting from a high of $295 to a low of $96 in April, SOL confirmed a bullish reversal, rising to $184.86 before facing resistance.
Technical indicators:
RSI: In neutral territory, indicating the possibility of a correction or consolidation.
Support levels: $160–$165 are considered a strong support area.
Resistance levels: $195 and $218 represent potential targets if the bullish trend continues.
📈 Future forecasts:
Short term (up to May 24, 2025): Some analyses predict a price drop to around $147.80, representing a decrease of 8.46%. CoinCodex+1CoinCodex+1
Medium term (June - October 2025):
Expectations for the price to rise to a range between $221.93 and $311.26 during this period, with the potential for returns of up to 88.9%.
⚠️ Important notes:
Volatility: The market is experiencing high volatility, so careful risk management is advised.
News and updates: Developments such as the launch of the Firedancer client and its public tests may positively affect the price.
Recommendation:
If you are a medium to long-term investor, SOL may be a good buying opportunity at current levels, especially if it stabilizes above the $160 support. However, it is advised to closely monitor the market and use stop-loss orders to protect your investments.
