“Sol Shows Strong Momentum with Institutional Buying Signals Despite Brief Correction.”, – WRITE: www.coindesk.com
Solana (Sol) Surges 6% On Bullish Reversal and Defi Activity Toward $ 180Sol Shows Strong Momentum with Institutional Buying Signals Despite Brief Correction. May 20, 2025, 10:05 AM
Solana (Sol) Rises 23% in One MONT, NOW TRADING AT $ 167.37
What to Know:
- Solana (Sol) Exhbits Strong Bullish Reversal, Climbing 6.3% from $ 159.69 to $ 173.03 with Significant Trading Volume Around the $ 167- Model.
- Geopolitical Tensions and Trade Disports Between Majoor Economies Create Market Volatility, with Traditional Financial Markets Showing Correlation to Cryptocurrency Movements.
- Recent Treasury Purchase of $ 24 Million by Defi Development and Over $ 35.6 Billion in Weekly on -chain Dex Turnover Precede Sol’s Price Surge to $ 184.
The Cryptocurrency Market Continues to Respond to Broader Economic Factors As Solana Demonstrates Resiliency Amid Global Trade Uncertainties. Sol’s Price Action ForMed A Clear Uptrend with Higher Lows and Higher Highs, Breaking Through Key Resistance Levels with Institute-Grade Volume Suggesting Accounting Accounting Access Recent Hours. Meanwhile, Analysts Point to the $ 166.82 Level As A Crucial Short-Term Pivot, with Potential for Significant Upward Movement IF Sol Can Maintain Maintaum Above Above Above Above Above Above Above.
Technical Analysis Highlights
- Sol Climbed from A Low of $ 159.69 to A High of $ 173.03, Representing A Significant Range of $ 13.34 (8.35%).
- Price Action ForMed a Clear Uptrend with Higher Lows and Higher Highs, Breaking Through Key Resistance at $ 166.87.
- Above-Average Volume Was Observed ARound The $ 167- $ 170 Zone, Indicating Strong Buyer Interest.
- Notable Support Establissed at $ 160.34, WHERE BUYERS STEPPED IN CONVICATION DURING EARLY HOURS.
- Final Four Hours Showed Accelerated Momentum with Volume Spikes Exceeding the 24-Hur Average, Suggesting Institutional Acccumulation.
- A Brief Downward Correction Occurred in the Last 60 minutes, Falling from $ 172.19 to $ 169.87 (1.35% Decline).
- The $ 170.00 Psychological Level Briefly Accited as Support Before Failing.
- Final 30 Minutes Showed Dectorying Volatility and Volume, Potentilly Indicating Exhaustion of Selling Pressure.
External References
- “Solana Price Holds $ 166 Support After Reject $ 183 – What Comes Next?”, Newsbtc, Published May 19, 2025.
- “Here’s What Can Trigger a Solana (Sol) Bull Run”, CryptoPotato, Published May 19, 2025.
- “Solana Price Predict: Rising Network Adoption May Push Sol Price Beyond $ 200 by May”, Coinpedia, Published May 19, 2025.
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