3 weeks ago
The cryptocurrency marketplace continues to respond to broader economical factors arsenic Solana demonstrates resilience amid planetary commercialized uncertainties. SOL's terms enactment formed a wide uptrend with higher lows and higher highs, breaking done cardinal absorption levels with institutional-grade measurement suggesting accumulation contempt a little 1.35% correction successful caller hours. Meanwhile, analysts constituent to the $166.82 level arsenic a important short-term pivot, with imaginable for important upward question if SOL tin support momentum supra $177 resistance.
Technical Analysis Highlights
- SOL climbed from a debased of $159.69 to a precocious of $173.03, representing a important scope of $13.34 (8.35%).
- Price enactment formed a wide uptrend with higher lows and higher highs, breaking done cardinal absorption astatine $166.87.
- Above-average measurement was observed astir the $167-$170 zone, indicating beardown purchaser interest.
- Notable enactment established astatine $160.34, wherever buyers stepped successful with condemnation during aboriginal hours.
- Final 4 hours showed accelerated momentum with measurement spikes exceeding the 24-hour average, suggesting organization accumulation.
- A little downward correction occurred successful the past 60 minutes, falling from $172.19 to $169.87 (1.35% decline).
- The $170.00 intelligence level concisely acted arsenic enactment earlier failing.
- Final 30 minutes showed decreasing volatility and volume, perchance indicating exhaustion of selling pressure.
External References
- "Solana Price Holds $166 Support After Rejection From $183 – What Comes Next?", NewsBTC, published May 19, 2025.
- "Here’s What Can Trigger a Solana (SOL) Bull Run", CryptoPotato, published May 19, 2025.
- "Solana Price Prediction: Rising Network Adoption May Push SOL Price Beyond $200 By May", CoinPedia, published May 19, 2025.
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