Solana (SOL) Market Update – May 21, 2025
Solana is showing promising resilience in the market with strong technical support and a rise in on-chain activity. Currently trading around $168-$170, SOL has bounced from recent support levels and is targeting the $175-$180 resistance zone.
Technical Outlook:
Support Zone: $160 - $165
Resistance Zone: $175 - $180
Momentum: Bullish
Next Target (if breakout confirms): $190+
Why SOL is in Focus:
Rapid growth in Solana-based DeFi and NFT projects
Strong developer activity
Improved scalability and lower gas fees
Disclaimer: This is not financial advice. Please do your own research before investing or trading.
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