🚀 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)
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📊 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.
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📰 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.
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🎯 Trading Strategy:
Entry Point: $160 – $165
Take Profit Targets:
TP1: $175
TP2: $185
Stop Loss: $150
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💡 Do you think Solana will break above $180 this week? Share your thoughts!
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