As of May 31, 2025, Solana (SOL) is trading at approximately $154.13, reflecting a 6.7% decline over the past 24 hours.
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š Technical Overview
Support Levels:
$150ā$155: A $SOL critical support zone; a drop below this could lead to further declines toward $130ā$142.
$130ā$142: Potential lower support levels if the current support fails.
Resistance Levels:
$160ā$176: Immediate resistance range; surpassing this could open the path to $180.
$180ā$190: A significant resistance zone; breaking above this could signal a bullish trend continuation.
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š Technical Indicators
Relative Strength Index (RSI): $SOL Currently around 50, indicating neutral momentum.
MACD: Shows a potential bullish crossover, suggesting possible upward momentum.
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š® Price Predictions
Short-Term: Analysts predict that SOL may trade between $155 and $160 in the near term, with potential to reach $180 if bullish momentum continues.
Mid-Term: Forecasts suggest SOL could reach $190ā$205, contingent on breaking current resistance levels.
Long-Term: Some analysts anticipate $SOL could reach $400 by the end of 2025, assuming favorable market conditions and continued network growth.
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