๐จ Solana ($SOL) Update โ May 2025 TA
Solana is heating up! Is $SOL gearing for a bounce or more downside ahead?
Hereโs what the charts are telling us
๐ Current Price Action
$SOL is trading at $167
Intraday high: $173.83
Intraday low: $160.37
We're hovering near key support. Will the bulls step in?
โ ๏ธ RSI โ Relative Strength Index
RSI is at 38.8 โ weak momentum, but NOT yet oversold.
If it drops below 30, expect stronger bounce potential.
๐ง Moving Averages Analysis
Trading below the 50 EMA = short-term bearish
50 EMA nearing a death cross under 200 EMA
This could signal more downside if confirmedโฆ
๐ MACD Momentum
MACD histogram is positive โ early signs of a bullish reversal
But momentum is still fragile. Bulls need volume to take control.
๐ก๏ธ Support & Resistance Zones
Support:
$166 (current bounce zone)
Resistance:
$218 (key breakout level)
$274 (next upside target if broken)
๐ฅ Whatโs Next for $SOL?
Holding $166 = possible rebound to $200+
Volatility is coming. Buckle up!
Bearish bias near-term
Bullish reversal possible if support holds
All eyes on volume + RSI behavior
Not financial advice โ DYOR before jumping in!
