$SOL Solana (SOL) is trading at approximately $161.69, reflecting a 5.89% increase over the previous close.

📊 Technical Overview

Price Action: SOL has experienced a 6.9% gain over the past 24 hours, moving from $153.66 to $159.92. A key breakout above $155.55 was confirmed by rising volume, indicating strong upside momentum.

Support and Resistance:

Support: $151.89–$152.21, validated by high-volume accumulation.

Resistance: New resistance formed at $162.46 after two failed retests, with a double-top pattern near $160.20.

Technical Indicators:

Relative Strength Index (RSI): 38.92 (Neutral)

Stochastic RSI: 77.04 (Neutral)

MACD: 0.60 (Neutral)

Average Directional Index (ADX): 33.51 (Indicates a weak trend)

🔮 Price Predictions for 2025

Short-Term (June 2025):

Potential High: $250

Average Price Range: $200

Potential Low: $148

Long-Term (2025):

Expert Predictions: Seven reputable experts predict Solana's price in 2025 to range from $220 to $1,000, with an average forecast of $515.

📈 Market Sentiment and On-Chain Metrics

Solana's recent price increase is driven by a combination of strong trading volume, which rose 18% to over $2.5 billion, and positive on-chain metrics like a 12% rise in daily active addresses over the past week.

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🧭 Trading Strategy

Given the current technical indicators and market sentiment:

Range Trading: Consider establishing long positions near the support levels of $133.81 or $128.06, maintaining a tight stop.

Breakout Watch: Monitor for a decisive move above $162.46 to confirm a bullish breakout.

Risk Management: Be cautious of potential declines below $150, which could signal further downside risk.