Analysis Firm Reveals Expected Levels and Key Points for Solana (SOL)
25/05/2025
In its latest technical assessment for Solana (SOL), cryptocurrency analysis firm MakroVision stated that the asset maintains its strong structure and may be on the verge of a new rise.
The company said that after Solana broke the resistance area at $159, it quickly rose to $188 and is currently entering a sideways consolidation period just below that area.
According to MakroVision, Solana clearly broke out of a long-standing downtrend and subsequently displayed a strong bullish structure by forming higher lows and higher highs. According to the analysis, the current sideways movement is seen as a natural and constructive pause after the previous strong rally.
Analysts list the key support levels to watch in the short term as follows:
$159: It stands out as a short-term support level and there has been a reaction from this level before.
$153: Coincides with the 0.382 Fibonacci retracement level and should be watched for possible reversals.
$142: Key level that needs to be defended for Solana to maintain its bullish structure.
MakroVision notes that if Solana achieves a sustained break above the $188 level, the price could gain new momentum towards the $204 and then $223 levels. On the other hand, the short-term technical outlook is thought to remain positive as long as the price stays above the $153 level.
According to MakroVision’s assessment, Solana is in a healthy consolidation phase after its strong rally. This sideways movement could pave the way for a continuation of the uptrend, while a break above the $188 level could give the market new momentum.
#This is not investment advice.
