Solana (Sol) recovered quite a bit last month. The price of the asset fell to a $100 level during the recent market crash. Luckily, Sol’s prices have risen 18% over the last 30 days, and have risen more than 6% on Thursday alone. At the time of pressing, Solana Cryptocurrency is trading at a price level of $150 and is about to escape.
Solana (Sol) has emerged as one of the most resilient cryptocurrency projects on the market. Asset prices have fallen below $10 after the collapse of FTX in 2022. Since its 2022 low, Sol prices have hit multiple new all-time highs. The assets reached their latest peak on January 19th this year. Sol’s latest gathering occurs amid a recovery across the market. The crypto market faced a considerable price conflict after US President Donald Trump’s tariff riot. The market has recovered significantly after Trump’s 90-day tariffs suspend.
Solana is currently riding a wave of bullish momentum across its ecosystem. Stablecoin’s market capitalization has been rising sharply since February, with its recent rise to over $13.07 billion. This indicates the increased trust and liquidity flowing through the network. Sol’s Rally will also come among Paul Atkins, the new Pro Bitcoin head appointed to the SEC. Many expect Atkins to take a more relaxed approach to the crypto sector. The newly improved SEC can also determine the Solanasol ETF in the coming months. This will accelerate the Solana surge to more than $185.
According to Concodex, Solana (Sol) will move into a lateral trajectory over the coming weeks. Certainly, the coin predicted site is bearish in SOL, suggesting that the coin will be soaked in May. “According to current Solana price forecasts, Solana prices are projected to fall by -7.35% to $140.99 by May 30, 2025,” CC analysts say. “According to our technical indicators, the current sentiment is neutral, with the Fear & Greed Index showing 53 (neutral).”
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With $Sol Holding over $145 and currently trading at $148, investors are keeping an eye on the next major price level: Other analysts point to the weekly chart cup-and-handle formation, which could surpass the $155 resistance and open the door to that $180 rally. Additionally, $Sol Futures Open Interest hit $5.755 billion on Wednesday, suggesting that the next target could grow to $200, even before ETF approval.
