SOL/USDT: What’s Next? (Short-Term and Medium-Term Outlook) #solana #BTC🔥🔥🔥🔥🔥

Current Situation (as of May 3, 2025):

SOL/USDT is trading at $146.05, down 2.35% for the day.

The 1-hour chart in screenshot shows a descending channel, indicating a short-term downtrend or consolidation phase.

Key support and resistance levels are visible: support around $145–$146 and resistance near $148–$153.

Short-Term Technical Outlook

Descending Channel: The chart pattern (blue lines) suggests SOL is in a corrective phase, with lower highs and lower lows. This often signals short-term bearish momentum unless a breakout occurs.

Immediate Support: $145–$146 is a critical support zone. If this level holds, a bounce back toward the upper boundary of the channel or resistance at $148–$153 is possible.

Breakdown Risk: If SOL closes below $145–$146, the next supports are $144, $140, and potentially lower, as technical predictions indicate a possible dip toward $140–$144 in a bearish scenario.

Volume: Recent trading volume is moderate, not signaling a strong reversal yet.

Short-Term Price Predictions

Range for the Next 24 Hours: Most models expect SOL to trade between $144.72 and $151.43, with a slight upward bias if support holds.

Daily Forecasts: Technical models predict mild downside for the next few days, with SOL possibly dipping to $144–$145 before stabilizing or rebounding.

Medium-Term Outlook (May–June 2025)

Bullish Scenario: If SOL breaks above the descending channel and clears resistance at $153, the next upside targets are $155–$160, in line with the broader uptrend seen on higher timeframes.

Bearish Scenario: Failure to hold $145–$146 support could lead to a deeper correction, with downside targets near $140 or even $133–$135 if selling accelerates.

Analyst Consensus: Most analysts remain bullish for late May and June, expecting SOL to recover toward $155–$160 if current supports are respected. Longer-term, June targets range from $137 to $149, with a potential for higher volatility and upward movement if broader crypto sentiment improves.

Summary Table: Key Levels and Scenarios

Scenario Key Support Key Resistance Target Range (May 2025)

Bullish breakout $145–$146 $153–$156 $155–$160

Bearish breakdown $145–$144, $140 $148–$153 $140–$144, possibly $133

Sideways/Neutral $145–$151 $153 $144–$151

Conclusion

Short-term: SOL is in a corrective phase, with a risk of further downside if $145–$146 fails, but a bounce is possible if support holds.

Medium-term: A break above $153 could trigger a new rally toward $155–$160. Most models expect stabilization or mild recovery after any near-term dip.

Actionable Zone: Watch $145–$146 for signs of reversal or breakdown; a move above $153 would be a bullish signal.

Always consider market volatility and use risk management in trading decisions.