- Solana (SOL) is trading near a crucial resistance at $155, with a breakout potentially triggering a rally toward $175 or higher.
- Failure to break above could lead to a pullback toward $138 or lower, keeping SOL range-bound for now.
Solana (SOL) kicks off May 2025 on a strong note, trading around $150 after bouncing back from April’s lows near $115. However, all eyes are now on the key resistance zone between $153 and $155 — a technical barrier that has suppressed upward moves since February. Whether SOL breaks through or gets rejected at this level could determine the tone for the rest of the month.
Key Technical Levels at Play
On the weekly chart, SOL is revisiting the 0.5 Fibonacci retracement zone at $145.19, measured from its cycle low of $17.40 to its all-time high near $273. Historically, this area has acted as a pivot — either launching price rallies or halting momentum. A weekly close above this zone could open the door to the $175.35 and $212.67 targets, marked by the 0.382 and 0.236 Fib levels, respectively.
Also read: Shiba Inu (SHIB) Price Forecast for May 2025: Will a Breakout Push SHIB to New Highs or Keep It Stuck in a Range?
Daily Momentum and Resistance Test
Zooming into the daily chart, Solana is butting up against a descending trendline, with $155 acting as both horizontal and diagonal resistance. A confirmed breakout here could shift market structure from bearish to bullish, clearing the path toward $175. Failure to do so, however, may see the price retrace toward key support levels at $138, $126, or even $115.
Short-Term Pressure Builds
The 4-hour chart reveals a tightening pennant formation, suggesting a volatility breakout is brewing. Short-term support lies between $140 and $144, while the $155 mark remains the level to beat. All major EMAs are stacked below current price action, creating dynamic support zones.
Indicators Support a Breakout Bias
RSI currently hovers at 53, a neutral stance but edging toward bullish territory. Bollinger Bands are in a squeeze phase, indicating compressed volatility, while MACD is on the cusp of a bullish crossover — a setup often preceding strong directional moves.
Forecast Summary for May 2025
- Bullish Case: Break above $155 targets $175–$190
- Bearish Case: Rejection sees retrace to $138–$115
- Neutral Case: Range-bound between $140–$155
Solana’s price action is approaching a tipping point. A breakout above $155, supported by momentum indicators and volume, could mark the start of a fresh rally. Otherwise, expect consolidation or a pullback as the market recalibrates.
