Solana (SOL) – Update on April 23, 2025
Current Price: $149.72
Market Capitalization: ~$66.94 billion USD
24h Trading Volume: ~$4.13 billion USD
Circulating Supply: ~447.2 million SOL
Total Max Supply: Unlimited (due to inflationary issuance mechanism)
All-Time High Price: $260.06 (November 6, 2021)
📊 Technical Analysis
Composite Indicator
Overview: Neutral slightly leaning towards "Buy"
Moving Averages: “Buy” signal
Oscillators: Neutral
Specific Indicators
RSI (14): 58.12 – Near overbought zone, reflecting existing bullish pressure
MACD (12,26): 3.76 – Bullish signal, MACD line crosses above signal line
Stochastic (9,6): 72.40 – Near overbought zone
Williams %R: -25.33 – In strong buying zone
ADX (14): 36.52 – Clear and strong uptrend
CCI (14): 93.20 – Indicates positive momentum
Support and Resistance Levels
Nearest Support: $140.00
Nearest Resistance: $155.00
📈 Trend Analysis
Solana continues to show strength as the price recovers close to the $150 mark, with technical indicators confirming the ongoing upward momentum. Both RSI and MACD lean towards an upward trend, while ADX indicates that the current trend is clear and strong. However, some indicators like Stochastic and Williams %R have approached the overbought zone, so a short-term correction may still occur.