📊 Market Overview
Current Price: ~$171.83 USD
24h Change: +2.7%
24h Range: $167.36 – $175.69 USD
Market Cap: ~$89.2 billion USD
24h Trading Volume: ~$6.94 billion USD
Circulating Supply: ~520 million SOL
All-Time High: ~$272.99 USD (November 2021)
📰 Recent Developments
Technical Breakout: SOL has surged 18% this week, nearing a pivotal 50-week exponential moving average (EMA) breakout. Historical patterns suggest that if SOL maintains this momentum, it could target price levels between $250 and $350 by September 2025.
Resistance Levels: Solana's price faces significant resistance around the $180 mark. A decisive close above this level could lead to a rally towards $242, with potential to reach new all-time highs above $300.
Market Sentiment: The Realized Profit/Loss ratio has risen to 15.0, indicating increased profit-taking among investors. This could lead to short-term corrections and increased market volatility.
🔮 Price Forecast
Analysts predict that if SOL maintains its current momentum, it could test resistance levels around $175 to $180 in the near term. A breakout above these levels may pave the way for a rally towards $250–$300 by September 2025.
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