Current Technical Analysis:
Posts on platform X indicate that Solana shows short-term bullish momentum. For example, one analysis suggests the price could reach the 144-146 dollar range within hours if the current consolidation continues.
Another analysis indicates that the price may test a key support level at 112 dollars, with a possibility of dropping to 95 dollars if the selling momentum continues.
The level of 162 dollars is considered a pivotal point, and breaking it could open the way for higher targets.
Current Price and Momentum:
As of April 18, 2025, Solana's price ranges around 130-153 dollars based on recent data.
The price has experienced fluctuations, with a rise of 1.09% over the past 24 hours and 21.01% over the past week, but it has declined by 6.03% over the past year.
Influencing Factors:
General Market: Movements of Bitcoin and Ethereum strongly affect Solana. If the market's upward trend continues, Solana may rise.
Whale Activity: Movements by large investors may cause sudden volatility.
Technical Developments: Ongoing improvements to the Solana network, such as transaction efficiency and lower fees, support optimism.
Forecasts for the Coming Days:
Bullish Scenario: If Solana maintains support at 130-135 dollars and breaks the resistance level at 162 dollars, it could target 170-180 dollars in the coming days.
Bearish Scenario: If it fails to maintain support at 112 dollars, it may drop to 95-100 dollars.
Expected Range: Based on analyses, the price is likely to range between 100 and 180 dollars in the coming days, with potential fluctuations based on market news.
Important Notes:
Volatility: The cryptocurrency market is highly volatile, and prices may change rapidly based on unexpected news.
Self-Research: It is advisable to conduct personal analysis and follow technical and regulatory news before making investment decisions.
Risks: Do not invest money you cannot afford to lose, as there are no guaranteed forecasts.
