Solana (SOL) Technical Analysis - May 21, 2025
Price is currently at $167.64, with a daily gain of +0.88%. Let's break down the latest TA and what it means for traders and investors.⬇️
-Market Snapshot
24h Range: $164.64 – $172.57
SOL has seen a 6% rally recently from ~$159 to over $173.
This bounce follows a bullish reversal pattern and rising DeFi activity.
-Technical Indicators
RSI: ~45 → Neutral zone, no major overbought/oversold signal yet.
MACD: Bullish crossover → Momentum may be shifting upward.
Moving Averages:
Short-term bullish, longer-term neutral.
-Key Levels to Watch
Support: $165 → Recent consolidation and buying interest zone.
Resistance: $175 → Psychological + technical ceiling. Break above could trigger further upside.
-On-Chain Strength
Solana now boasts 11.16M+ active wallet holders, an all-time high.
This indicates strong network activity and growing user adoption.
Traders are optimistic, but some analysts warn:
If bulls can’t reclaim $175+, a deeper correction could be in play.
Stay alert and manage risk accordingly.
SOL price: $167.64
-Bullish reversal in play
-Resistance at $175 is key
-On-chain metrics strong
-Caution advised if resistance fails
Follow for more crypto TA updates.
