Currently, on May 2, 2025, Solana (SOL) is trading around the $147-$150 level. The currency has seen a slight increase over the past 24 hours. Short-term technical analysis indicates relative stability around this range with attempts to break the nearby resistance level at $153.90.

In the short term, there is anticipation for a potential breakout at the $155 level, which could push the price towards $172. However, the formation of a "rising wedge" on the 4-hour chart suggests the possibility of a correction towards $131-$133 if the bullish momentum fails. Trading volume remains high, indicating notable market activity.

In other news, Solana topped all blockchain networks in revenue generation for the first quarter of 2025.