$SOL

(SOL) is making waves in May 2025, with analysts eyeing a potential climb to 200. Currently trading around 145, SOL has seen a 41% surge this month, fueled by strong technical indicators and increased institutional interest, including Canada's approval of its first spot SOL ETF. ​Brave New Coin+8The Currency analytics+8Coinpedia Fintech News+8BeInCrypto

Technically, SOL is forming a bullish inverse-head-and-shoulders pattern, suggesting a breakout to 205 by late May. Additionally, the network's activity is on the rise, with a 15% increase in transactions, indicating growing user engagement. ​CoinCentralBlockchain News

However, challenges remain. SOL must overcome the 160 resistance level to maintain its upward momentum. Despite this, the overall sentiment remains bullish, with the potential for SOL to set new highs in the coming weeks.​The Currency analytics+1FXEmpire+1

Stay tuned as Solana continues its upward trajectory!