📉 Current Situation of SOL Price
As of May 20, 2025, the price of SOL ranges between $165 and $170, with daily fluctuations between $160 and $173. This represents a decrease of approximately 5% over the past week, but it is still much higher than the annual low of around $95 in April.
⚠️ Technical Signals and Warnings
Technical analysis indicates that SOL is approaching critical support levels, particularly at the 200-day moving average around $162. If this support is broken, the price could head towards $141 or lower. Additionally, momentum indicators like the Relative Strength Index (RSI) show weakness, increasing the likelihood of continued downward trends in the short term.
📰 Market Influencing Factors
The recent drop in SOL's price coincides with a general decline in the cryptocurrency market, where currencies like Bitcoin and Ethereum have decreased by between 2% and 7%. This decline is linked to investors' fears of new U.S. regulations to regulate stablecoins, affecting risk appetite in the market.
✅ Conclusion
While SOL faces technical and market challenges, it has not collapsed completely. The current price is still within reasonable ranges compared to its lows in April. If current support levels are maintained, the currency may experience stability or even a rebound. However, breaking these supports could lead to further declines.
