Solana (SOL) is currently trading around $166.89, reflecting a 5.99% rally in the past 24 hours. This surge follows a solid recovery from the $147 support level.
In this article, we will look at Solana next target by looking at technicals and latest news.
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Solana Next Target
- Current Price: $166.89
- 24h Price Change: +5.99%
- 24h High/Low: $168.33 / $156.89
- Recent Range: $156 – $167
- Market Cap: ~$87.5 billion
- 24h Trading Volume: ~$5.9 billion
- Circulating Supply: ~525 million SOL
Price is in an Uptrend, confirmed by a break above 200-day Moving Average ($645). Price could revisit $700 resistance, where it got rejected on first approach. If it breaks above that, it could attack $800 next.
Key Technical Indicators
- RSI (Relative Strength Index): ~60 (showing bullish momentum)
- MACD: Bullish crossover detected after bounce from $147
- Support Levels: $147 and $152
- Resistance Levels: $165 and then $174
- Trend: Strong recovery; upward breakout possible if resistance holds
Latest Solana News & Developments
- Institutional Demand Rises:
Open interest in SOL derivatives jumped 12%, signaling increasing activity from large traders and funds. - Macro Tailwinds Support Price:
Positive global sentiment and easing economic fears have encouraged capital inflows into altcoins, including SOL. - On-Chain Activity Healthy:
Solana’s DeFi ecosystem saw rising TVL and an increase in unique wallet activity, reflecting continued adoption.
👉 Short-Term Outlook: Slightly Bullish
📉 Risk Level: Moderate – watch for volatility around resistance levels
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