Solana continues to gain ground in the blockchain and the financial ecosystem, thanks to developments with a high impact. Firstly, the ambitious $ 1 billion prospectus of SOL strategies and $ 500 million ATth-Willem (ATW) facility offer considerable institutional support, with the possible recording of tokenized shares that continue to work on the line between traditional finances and crypto.
Secondly, the extensive support of Metamask for Solana reduces the access barriers considerably, which improves usability by means of fast and cheap transactions. Finally, the integration of Redstone is introducing robust RWA data in the Defi scene of Solana, so that new doors are opened for diversified investment strategies. In the midst of this bullish foundamentals, wondering how Solana will perform on his charts? This SOL price analysis gives you the short-term goals!
Sol price analysis
At the time of the press, Solana acts at $ 172.42, with a small dip of 0.82% in the last 24 hours and a decrease of 3.58% in the past week. Despite the withdrawal in the short term, SOL continues to rise by 16.05% last month and reflects a resilient upward trend in the wider period. Investors remain actively involved with a market capitalization of $ 89.79 billion and a 24-hour trade volume of $ 3.66 billion.
Sol has found a strong grip on the $ 168 – $ 170 support zone on the graph. It has been reflected in decisive and the most important level of $ 172.50, which now fits in with the SMA of 9 years. The immediate resistance is $ 178.50, a break and close above this zone can open the door for a meeting to the range of $ 185 – $ 190.
On the contrary, traders must check $ 167.50 as a crucial stop loss level. A breakdown below can make the bullish thesis invalid and cause a deeper retracement to the range of $ 160.
Also read our Solana (SOL) Price forecast 2025, 2026-2030 for long-term goals!
FAQs
Solana shows force above the level of $ 172.50 with strong foundations. However, a confirmed break above $ 178.50 would improve the risk-reward for new submissions.
Solana (SOL) Price At the time of writing was traded at $ 172.42 with an intraday price change of -0.82%.
The most important support zone is between $ 168 and $ 170, with a stop-loss placed at $ 167.50.
Credit : coinpedia.org
