As of May 22, 2025, Solana (SOL) is trading around $176.19, reflecting a 2.77% increase from the previous day. The day's trading range has spanned from a low of $165.83 to a high of $177.43.
Market Overview:
Technical Indicators: $SOL is exhibiting a bullish ascending triangle pattern, suggesting potential for further gains. Immediate resistance is noted at $172, with stronger resistance between $180 and $184. Support levels are identified at $162 and a more robust zone between $143 and $153.
Outlook:
Analysts suggest that if $SOL maintains its current momentum and breaks through the $180 resistance level, it could target $200 in the near term. However, a failure to sustain above $172 might lead to a retest of lower support levels.
