May 30, 2025
Solana (SOL) is trading at $172.42, down 0.82% over the last 24 hours (Coinpedia). The bullish sentiment remains due to increased DeFi activity and anticipation of an ETF (@binance, Cointelegraph).
What's happening?
SOL is consolidating between the 20-day EMA ($169) and resistance at $180, forming an ascending triangle (Cointelegraph). Support at $170.41, resistance at $180 (CoinDesk). The RSI (54) is close to the neutral zone, and the MACD shows weakening selling pressure (Coinpedia). The integration of RedStone for RWA and the announcement of the Alpenglow protocol (100-150 ms transaction finalization) are increasing interest (Coinpedia, @solana). However, the SEC's delay on the VanEck ETF creates uncertainty (Coinpedia).
Opportunities on Binance
Buy SOL without commission through P2P or use Binance Convert. Staking SOL for BNSOL on Binance Earn offers up to 11.7% APR, plus airdrops of $OM and $REZ (@binance). Participate in Launchpool for bonuses.
What's next?
SOL may break $180 and reach $200 with increased DeFi activity and news about the ETF. A correction to $160 is possible if selling intensifies (FXStreet). Follow Binance Square and trade on binance.com.
