Solana (SOL) Technical Anal– May 23, 2025
Solana is trading at $181.25, showing strong bullish momentum after breaking past key resistance at $170.
Trend: Bullish across all major indicators (EMAs, MACD, RSI, Ichimoku).
Key Levels:
Resistance at $189
support at $156 and $148.
Risks: Ongoing token unlocks (~$14M/month) and a drop in on-chain activity may trigger short-term volatility.
Momentum favors the upside, but traders should watch support levels and be cautious of token unlock-driven dips.
