As of May 5, 2025, Solana (SOL) is trading at approximately $146.85, reflecting a modest 0.96% increase over the past 24 hours.
📊 Short-Term Outlook (Next 7 Days)
Analysts offer varying predictions for SOL's short-term performance:
CoinLore anticipates a gradual decline, projecting a price of $143.96 by May 6 and $140.19 by May 12.
Binance forecasts a slight uptick, with SOL reaching $147.00 by May 6 and $147.11 by May 12.
Investing Haven predicts a minor decrease to $144.30 by May 6.
📅 Mid-Term Outlook (May 2025)
For the remainder of May, projections suggest:
30Rates expects SOL to fluctuate between $130 and $182, averaging around $156.
CoinCheckup predicts a decrease to approximately $137.79 by month's end.
CoinDCX offers a more optimistic view, suggesting a rise to $155–$160, contingent on positive market developments such as ETF approvals.
📈 Long-Term Outlook (2025 and Beyond)
Looking further ahead:
CoinLore projects a potential high of $360.45 for SOL by the end of 2025.
CoinPedia foresees a range between $250 and $400 for 2025, depending on market conditions.
DigitalCoinPrice anticipates SOL breaking its previous all-time high, reaching between $291.49 and $323.12 by year-end.
⚠️ Technical Considerations
SOL is currently approaching a critical resistance zone between $153 and $155, defined by a descending trendline that has capped upward momentum since February. A breakout above this level could signal further gains, while a rejection may lead to a pullback.
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*Please note that cryptocurrency markets are highly volatile, and predictions are subject to change based on market dynamics.*
