CoinDesk
The Street
CoinDesk
Here’s a latest-analysis snapshot of Solana ($SOL ) — what’s happening, what the key levels are, and what risks & potential look like. This is not financial advice.
📊 Current market status
$SOL is trading around USD ~$141-145. (CoinMarketCap)
On technical indicators:
RSI ~ 42.7 which is below neutral (~50) → suggests bearish momentum. (Investing.com)
MACD is negative → further bearish sign. (Investing.com)
Moving averages: short-term MA (5-day) suggests a minor ‘buy’, but longer term (50-day MA) gives ‘sell’. (Investing.com)
Technical summary from TradingView shows “Sell” today and “Strong Sell” on weekly horizon. (TradingView)
On-chain / fundamental signals:
Liquidity / money-flow metrics show large investors are not strongly accumulating yet. (BeInCrypto)
Key support levels have been broken recently, which increases risk of further downside. (CoinDesk)
🔍 Key levels to watch
Support zone: Around $160-$165 was noted as critical support, now broken. (CoinDesk)
Resistance zone: ~$170.50 has appeared as a strong resistance recent attempts failed there. (CoinDesk)
Short-term trading range: Forecasts suggest SOL may move between ~$140-170 through end of 2025 if conditions stay similar. (CoinCodex)
Bearish scenario: If support continues to fail, drops toward ~$120-$130 are mentioned in some forecasts. (Traders Union)
✅ Bullish case
If macro conditions improve (crypto risk appetite returns, major institutional adoption, ecosystem growth) then SOL could rebound.
Long-term forecasts still show potential upside toward ~$150+ in 2025 if trend reverses. (CoinCodex)
⚠️ Bearish case
Current technicals lean bearish: broken support, weak money-flow, negative momentum.
Risk of further correction remains high until strong support is reclaimed. Some analysts warn a “ragingly bearish” market may hit SOL. (The Street)
On-chain metrics (wallet activity, liquidity) are muted which can slow any rebound. (BeInCrypto)
🎯 My view (given current data)
