Solana Price has achieved well in the past few weeks as investors buy a decrease, and the market value of all coins continues. The Sol code jumped to $ 150, increasing more than 60 % of its lowest level this year, hovering at the highest point since March 3. This article explains the reason why Sol price increased by at least 46 % in May.
Technical analysis of prices in Solana
The Daily Chart reveals that the Sol price reached $ 94.8 in April, as most of the Meme currencies fell. The situation was so comfortable that the maximum market for all these distinctive symbols amounted to $ 6 billion, a decrease from its highest level ever by more than 26 billion dollars.
This graph shows that the currency has moved higher than the level of Fibonacci by 23.6 % at $ 142.15. At the same time, jumped over the 50 -day SIA moving average (EMA), a sign that the currency is gaining momentum.
More importantly, Solana Price formed the style of the science chart ascending. This style contains a tall vertical line and a flag -like pattern. In most cases, this style usually leads to a strong upward outbreak over time.
Therefore, the currency is likely to continue this month as the bulls target the initial goal at the level of connection by 38.2 % in Fibonacci at $ 171.40. The step is higher than this level will indicate more gains, and perhaps to the recovery level of 61.8 % at $ 220, which is approximately 50 % higher than the current level.
Solana bullish price expectations will become unimportant if they decrease to less than the main support at $ 125.
The best incentives for the Sol price in May
There are a few stimuli for Solana price in May this year. First, there are signs that investors are moving to the coin in the long run and taking advantage of the increasing reward.
More than 5 million new Seoul currencies worth $ 755 million were mired in April. This makes it one of the best altcoins in terms of deception. This growth prompted the market value to more than $ 58.76 billion. Solana is now 65 %, a sign that many investors want to keep them in the long run.
This demand rises with the continued high rates of rewards between the various auditors. It now results in 8.81 %, higher than other altcoins like Ethereum and Sui. The reward rate increased from a decrease of 8 % last month.
Solana PRICE will also jump with the momentum surrounding the Sol Sol ETF jump. Many companies like Vaneck, 21 Shares, Canary Capital. GrayScale, Franklin Templeton and Fidelity have applied for the Solana ETF spot.
Solana prices will accelerate if these investigative boxes come with the Stokeing feature. This means that, instead of just keeping the symbols, the guardian will be free to share symbols and generate return.
Another potential catalyst can be the continuous growth of its ecological system. Modern data indicates that the network operates well, as decentralized stock exchanges (DeX) has dealt with more than $ 70 billion in the last 30 days, exceeding $ 56 billion from Ethereum.
Solana Post Solana May 2025 predict: he was appointed to increase 46 %? First appeared on Invezz
