Solana (SOL) Price Prediction for May 25
WikiBit 2025-05-26 03:39
The end of the week is more bearish than bullish, according to CoinMarketCap. Top coins by CoinMarketCapSOL/USDThe rate of Solana (SOL) has fallen by
The end of the week is more bearish than bullish, according to CoinMarketCap.
Top coins by CoinMarketCapSOL/USD
The rate of Solana (SOL) has fallen by 2.50% since yesterday. Over the last week, the price has risen by 0.37%.
Image by TradingView
On the hourly chart, the price of SOL has made a false breakout of the local support of $170.36. However, the rate keeps trading near the aforementioned level.
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If no bounce back happens by the end of the day, one can expect a test of the $165-$170 range.
Image by TradingView
On the bigger time frame, bears are seizing the initiative as the daily bar is about to close below yesterdays candle low. If it happens, traders may witness a test of the $160 area shortly.
Image by TradingView
From the midterm point of view, neither side is dominating as the rate is far from the key levels. In this case, sideways trading around the current prices is the more likely scenario.
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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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