On Wednesday, May 21, 2025, the price of the cryptocurrency BinanceAlpha is approximately $1.7M Reward #MyEOSTrade #BinancePizza #MastercardStablecoinCards #MerlinTradingCompetition Solana (SOL) is around $168.54, with an increase of 0.62% over the past 24 hours.
📊 A quick look at SOL's performance today:
Market cap: approximately $87.74 billion.
Daily trading volume: approximately $3.78 billion.
Global ranking: sixth among cryptocurrencies by market cap.
Number of coins traded: over 520 million SOL.
🔍 Quick technical analysis:
Overall trend: Solana shows mixed technical signals as it approaches key support levels.
Forecast: some analysts expect an increase of up to 90% if the current resistance is successfully broken.
📰 Recent news affecting the price:
ETF decision postponed: The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the Solana ETF until October 2025, impacting market sentiment.
Competition with Ethereum: Solana faces challenges from upcoming Ethereum updates, which may affect its position in the cryptocurrency market.