Solana (SOL) Market Update – May 23, 2025
Solana is currently trading at $186.35, up nearly 4% on the day, with strong bullish momentum pushing it toward the key $200 resistance level.
Recent data shows all-time highs in wallet adoption (11.16M+ wallets holding 0.1+ SOL) and over $40M in weekly network revenue, signaling solid fundamentals and rising demand.
What’s Next?
If SOL holds above $180, a breakout toward $200 looks increasingly likely. Traders should watch for resistance near that level, with support around $170–$175 in case of a pullback.
Momentum and adoption metrics support continued upside. A clean break above $190 could pave the way to test $200 soon.
