Solana $SOL Technical Update – May 6, 2025

Solana continues to trade within a defined range, showing strong consolidation around key support levels.

Support Zone: $136–$140 remains a solid base, with buyers stepping in consistently at dips. 🔑

Resistance: Immediate resistance is spotted near $152, with a stronger barrier at $160. 🚧

Indicators:

RSI: Hovering around 52, showing neutral momentum—no overbought/oversold conditions. ⚖️

MACD: Slight bullish crossover forming, hinting at potential upward pressure if volume supports. 📈

EMA Levels: $SOL is trading just above the 50 EMA, suggesting a cautious short-term bullish bias. 🔄

What to Watch: 👀

A breakout above $152 with volume could trigger a retest of $160–$165. 🚀 Conversely, a breakdown below $136 may open the door to $128 support. ⚠️

Keep your risk management tight—Solana’s volatility remains high. 🔄$SOL