📊 Current status and price trend
Current price: around $168.3 – $168.6, up nearly +3% over the last 24 hours.
Weekly performance: a decline of about ‑4% to ‑6% in the last 7 days, with clear resistance near ~$179 – $180.
Monthly performance: an increase of about +11% compared to last month, and an annual increase of approximately +15%.
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📰 News summary and technical analysis
A sharp decline occurred at the beginning of the week, with SOL dropping by up to ‑8% due to a widespread sell-off in the altcoin market as a result of economic pressures and political updates in the United States. Since then, the currency has partially recovered.
This week, signs of recovery have emerged supported by expectations of a reserve fund in the Federal Reserve and a loss in the U.S. labor market, which raised the outlook for taking liquidity towards higher-risk assets like Solana.
According to a recent analytical study, several analysts indicate a slowdown in SOL's momentum after it failed to break the $200 level, along with a decrease in the number of long-term SOL holders, showing a decline in experimental interest from new users.
On the other hand, "smart investors" report accumulating returns in SOL alongside other coins such as Remittix and Dogecoin, targeting the DeFi concept and changing market shifts.
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🔍 Technical and market forecasts
Support and resistance levels
Level Price (USD)
Strong support around $160 – $163
Major resistance between $175 – $180
If SOL maintains the support level near $160 and manages to break through $175‑180, it may indicate the beginning of a potential upward wave towards $200.
Overall trend
In the short term: It shows a slow improvement in SOL trading within the range of $165‑170, but volatility accompanies it and there is a lack of strong buying power at its resistances.
In the medium term: If breakouts at resistance around ~$180 are achieved, an upward trend towards $200 can be expected, and it may exceed that if liquidity flow continues and institutional interest returns—part of the improvement in infrastructure and upcoming Solana technologies in 2025 such as Firedancer upgrades.
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✅ Summary
Currently, Solana (SOL) is heading towards regaining momentum after a previous decline, trading around $168 (+3% during the day, but -4 to -6% during the week). The strongest support level is near $160‑163, and if it can break through $175‑180 with strong trading volume, we may see a breakout to $200 or more.