The global markets have navigted uncertain water as trading tensions between major economies intensify, creating ripple effects throughout the traditional and cryptocurrency markets.
Against this backdrop, Solana appeared as a standout performer, which dropped more than 5% to a volatile 24-hour period and establishing new support above the important level of $ 180 for the first time since February, according to the technical research data technical review model.
Technical assessments
- Sol formed a clear outbreak with strong volume support at the level of $ 173, followed by an explosive breakout at 19:00 when it advanced 5.8% to a 2.5m-more than double the 24-hour average.
- Despite a pullback from $ 184.72 high, Sol maintained support above $ 180, suggesting a continued bullish momentum with objection now established at $ 184.
- Last time, Sol experienced significant volatility, climbing at a peak of $ 182.47 before finding a strong sale pressure that drives prices up to $ 180.21, representing a 1.24% decline.
- Price action is generated by a clear distribution pattern with volume spikes of more than 79,000 units during sharp correction, establishing a new resistance zone around $ 182.00- $ 182.50.
- After finding support near $ 180.37, Sol tested the recovery to $ 181.50 but faced a modified sale, suggesting a combination between $ 180.80- $ 181.40 as businessmen repairing the maintenance of a broader support.
Denial: This article was formed using AI tools and our editorial team reviewed to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s entire AI policy. This article may include information from external resources, listed below as appropriate.
External reference
- “Solana (Sol) price prediction for May 14“, Coin Edition, published May 13, 2025.
- “Solana hit $ 22.39B Weekly DEX volume, $ 9.44B TVL, Sol Price at $ 172.88“, The defiant, published May 13, 2205.
- “Solana network activity grows as 11M wallets hold 0.1 sol or more – analyst“, Newsbtc, published May 14, 2025.
