#solana $SOL

Currently, Solana (SOL) shows a bearish trend in the short term, with technical signals indicating weakness in its upward momentum.

📉 Technical Analysis

Trend: SOL has been forming lower highs and lower lows since late May, after being rejected in the $176–$180 zone. Currently, it is testing a critical support around $152.62, with all key moving averages (EMA 34, SMA 50, SMA 100, and SMA 200) positioned above the current price, indicating a lack of upward momentum.

Technical Indicators: The RSI is at neutral levels, and the MACD shows a weakened bullish trend, with the distance between the MACD line and the signal line decreasing, suggesting a weakening of the upward momentum.

Supports and Resistances: If SOL fails to stay above the current support, it could retreat towards levels of $140 or even $127. On the other hand, sustained recovery above $160–$165 would be necessary to consider a shift towards a bullish trend.

Long-term Outlook

Despite the short-term weakness, long-term projections for Solana are optimistic. Some analysts foresee that SOL could reach prices between $268.81 and $300.93 by the end of 2025, provided that the overall market momentum is maintained and positive developments in its ecosystem materialize.