What to know:
- Hold onto your hats, folks! Solana (SOL) is skyrocketing like it’s strapped to a rocket! We’re talking a dazzling 6.3% leap from $159.69 to $173.03, with trading volume so massive it could carry away your grandma’s prized collection of cat figurines. Thanks, CoinDesk Research! 🎉
- Meanwhile, the world is playing a game of “who can start the most ridiculous trade dispute” which is causing crypto to dance like a toddler with a sugar rush. 💃 All the usual suspects—geopolitical tensions and market shenanigans—are throwing volatility into our financial smoothie. Yum!
- Oh, and guess who’s splurging? DeFi Development dropped a whopping $24 million on treasury purchases, while DEX turnover did a waltz worth $35.6 billion last week! Talk about a financial glow-up! 🌟 Pump that SOL price to $184, baby!
In the world of crypto, Solana is like that one friend who has it all together amid the global chaos. Prices are doing the macarena, showing a clear uptrend with those higher lows and higher highs we all dream of. It’s like SOL took a break, had a brief 1.35% correction (no biggie), and decided to pop back up through major resistance levels like it’s in a financial superhero movie. 💪
Technical Analysis Highlights
- SOL bounced from a low of $159.69 to a high of $173.03, with a dramatic range of $13.34 (8.35% for those keeping score). Pretty fancy, right?
- Price action is uptrending like a Netflix series that just got renewed for another season—lots of drama with higher lows and higher highs, breaking through that key resistance at $166.87 like it owns the place.
- The volume around $167-$170 is off the charts! It’s like everyone’s rushing to buy the latest sneakers, indicating serious buyer interest. Just sayin’.
- Buyers were like excited puppies at $160.34, where a support level was confidently established. Who let the buyers out? 🐶
- In the last four hours, we saw volume spikes that could rival your cousin’s wedding presentations—definitely suggesting institutional accumulation. POP, POP, POP!
- Now, we did experience a brief downward correction in the last hour—going from $172.19 to $169.87 (that’s a 1.35% ‘oopsie’ for those counting). No one’s perfect, right?
- That $170 psychological level? It was playing hard to get, acting like support before throwing in the towel. Classic! 🙄
- In the final 30 minutes, things quieted down, suggesting the selling pressure might be getting tired—like your uncle after Thanksgiving dinner. 🦃
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.
Read More
- DC: Dark Legion The Bleed & Hypertime Tracker Schedule
- PENGU PREDICTION. PENGU cryptocurrency
- Netflix’s ‘You’ Season 5 Release Update Has Fans Worried
- Clair Obscur: Expedition 33 ending explained – Who should you side with?
- All 6 ‘Final Destination’ Movies in Order
- Clair Obscur: Expedition 33 – All Act 3 optional bosses and where to find them
- Summoners War Tier List – The Best Monsters to Recruit in 2025
- 30 Best Couple/Wife Swap Movies You Need to See
- Persona 5: The Phantom X Navigator Tier List
- Clair Obscur: Expedition 33 – Every new area to explore in Act 3
2025-05-20 13:35