🚀 Solana (SOL) Market Update – May 19, 2025

📌 Current Price: $163.10

📌 24h Change: -9.09%

📌 Market Cap: $84.71 Billion

📌 24h Trading Volume: $--

📌 Fear & Greed Index: 74 (Greed)

---

📊 Technical Analysis:

Support Levels: $153 – $143

Resistance Levels: $180 – $184

RSI (Relative Strength Index): 68 (Near Overbought)

MACD: Bullish crossover observed, indicating upward momentum.

Solana is currently trading within a strong support and resistance range. A breakout above $184 could open the door to $222, while a breakdown below $143 may trigger a drop toward the $94–$84 region.

---

📰 Recent Developments:

DeFi Ecosystem Growth: Jupiter Crypto, a leading DEX aggregator on Solana, has emerged as a standout performer with its price reaching $0.52, reflecting Solana’s booming DeFi ecosystem and strategic platform upgrades.

Stablecoin Market Cap Surge: Despite a decline in DeFi TVL, Solana's stablecoin market cap surged by 145% to $12.5 billion, indicating robust activity in the ecosystem.

Metamask Integration: Metamask CEO confirms native Solana $SOL support launching in May 2025, expanding beyond EVM chains with dApp interaction.

---

🎯 Trading Strategy:

Entry Point: $160 – $165

Take Profit Targets:

TP1: $175

TP2: $185

Stop Loss: $150

---

💡 Do you think Solana will break above $180 this week? Share your thoughts!

#Solana #SOL #CryptoNews #BinanceSquare #TradingStrategy #MarketUpdate