Global markets are browsing the uncertain waters as commercial tensions between the main economies intensify, creating domain effects on traditional and cryptocurrency markets.
In this context, Solana has become an outstanding performance, increasing more than 5% in a 24 -hour volatile period and establishing a new support above the crucial level of $ 180 for the first time since February, according to the technical analysis data model of Coindesk Research.
TECHNICAL ANALYSIS
- Sol formed a clear higher trend with a strong volume support at the level of $ 173, followed by an explosive outbreak at 19:00 when it increased 5.8% in a volume of 2.5 m, more than double the average of 24 hours.
- Despite a setback of the maximum of $ 184.72, Sol maintained support above $ 180, which suggests a continuous bullish impulse with resistance now established in $ 184.
- In the last hour, Sol experienced significant volatility, rising to a peak of $ 182.47 before finding a strong sales pressure that reduced prices to $ 180.21, which represents a 1.24%decrease.
- The price action formed a clear distribution pattern with volume peaks greater than 79,000 units during acute correction, establishing a new resistance zone around $ 182.00- $ 182.50.
- After finding support about $ 180.37, Sol tried a recovery around $ 181.50, but faced a renewed sale, which suggests consolidation between $ 180.80- $ 181.40 as merchants reassess the sustainability of the broader upward trend.
Discharge of responsibility: This article was generated with AI tools and reviewed by our editorial team to guarantee the precision and compliance with our standards. For more information, see Coindesk’s complete policy. This article may include information from external sources, which are listed below when appropriate.
External references
- “Solana (Sun) Price Prediction for May 14”, Coin Edition, published on May 13, 2025.
- “Solana reaches $ 22.39b volume of weekly DEX, $ 9.44b TVL, sun price at $ 172.88”, The Defiant, published on May 13, 2205.
- “The activity of the Solana network grows as the 11 million wallets now have 0.1 Sun or more – Analyst,” NewsbTC, published on May 14, 2025.
