On May 20, 2025, the Solana (SOL) currency experienced an increase of 6.3%, rising from $159.69 to $173.03, with a large trading volume ranging between $167 and $170. This increase reflects a strong bullish shift supported by increased activity in the decentralized finance (DeFi) sector on the Solana network.

Despite this rise, some analyses suggest that the price may face resistance at certain levels. For example, forecasts indicate that the price of Solana may reach $170 by the end of May 2025.

From a technical standpoint, some indicators suggest that the currency may face challenges in breaking through key resistance levels. However, if the activity in the DeFi sector continues and participation in the network increases, there may be potential for further gains in the future.

Based on this information, investors are advised to closely monitor market developments, especially regarding activity in the DeFi sector, and to make informed investment decisions based on technical and fundamental analysis.

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