International markets are navigating unsure waters as commerce tensions between main economies intensify, creating ripple results throughout conventional and cryptocurrency markets.
In opposition to this backdrop, Solana has emerged as a standout performer, surging over 5% in a unstable 24-hour interval and establishing new assist above the essential $180 degree for the primary time since February, in keeping with CoinDesk Analysis’s technical evaluation knowledge mannequin.
Technical Evaluation Highlights
- SOL fashioned a transparent uptrend with sturdy quantity assist on the $173 degree, adopted by an explosive breakout at 19:00 when it surged 5.8% on 2.5M quantity—greater than double the 24-hour common.
- Regardless of a pullback from the $184.72 excessive, SOL maintained assist above $180, suggesting continued bullish momentum with resistance now established at $184.
- Within the final hour, SOL skilled important volatility, climbing to a peak of $182.47 earlier than encountering sturdy promoting stress that drove costs right down to $180.21, representing a 1.24% decline.
- The worth motion fashioned a transparent distribution sample with quantity spikes exceeding 79,000 models through the sharp correction, establishing a brand new resistance zone round $182.00-$182.50.
- After discovering assist close to $180.37, SOL tried a restoration towards $181.50 however confronted renewed promoting, suggesting consolidation between $180.80-$181.40 as merchants reassess the broader uptrend’s sustainability.
Disclaimer: This text was generated with AI instruments and reviewed by our editorial group to make sure accuracy and adherence to our standards. For extra info, see CoinDesk’s full AI Policy. This text might embody info from exterior sources, that are listed under when relevant.
Exterior References
- “Solana (SOL) Price Prediction for May 14“, Coin Version, revealed Could 13, 2025.
- “Solana Hits $22.39B Weekly DEX Volume, $9.44B TVL, SOL Price at $172.88“, The Defiant, revealed Could 13, 2205.
- “Solana Network Activity Grows As 11M Wallets Now Hold 0.1 SOL Or More – Analyst“, NewsBTC, revealed Could 14, 2025.