$SOL

Solana ($SOL) Trading Forecast - Week of May 5-11, 2025

Today, $SOL opened around $145 amid uncertainty, with declining DEX volumes and cautious sentiment.

On the daily chart, the price is near the key $140 support (50% Fibonacci), while the stochastic appears to be unwinding, yet the coin holds its value, indicating accumulation.

If it holds, a bounce to $155 is possible.

Long Strategy:

Entry: $144.50

Take Profit: $150 (first target), $155 (second target)

Stop Loss: $142 (below dynamic support)

Risk: Watch RSI (currently 44.97, neutral) and a potential breakout above $152 to confirm bullish momentum. #Solana #Crypto #Trading