The global markets navigate with uncertain waters when merchant tensions between larger economies are intensified, creating ring effects across traditional and cryptocurrency markets.
Based on this, Solana has emerged as a prominent artist who waves over 5% in a volatile 24-hour period and establishes new support over the decisive $ 180 level for the first time since February, according to Coindesk Research’s technical analysis data model.
Technical analysis highlights
- Sol formed a clear uphill with strong volume support at $ 173 level, followed by an explosive breakout at 1 p.m. 19:00, as it increased 5.8% at 2.5 m volume-more than twice the 24-hour average.
- Despite a withdrawal of $ 184.72 high, the Sol maintained the support of over $ 180, which suggested continued Bullish Momentum with resistance now established at $ 184.
- In the last hour, sun experienced significant volatility and climbed to a highlight of $ 182.47 before meeting a strong sales pressure that drove prices down to $ 180.21, representing a fall of 1.24%.
- Price action formed a clear distribution pattern with volume tips exceeding 79,000 units under the sharp correction, establishing a new resistance zone around $ 182,00- $ 182.50.
- After finding support near $ 180.37, Sol tried a recovery against $ 181.50, but was facing renewed sales, hinting at consolidation between $ 180.80- $ 181.40, as dealers reassess the wider Uptrend’s sustainability.
Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy. This article may include information from external sources listed below when appropriate.
External references
- “Solana (Sol) Price Forest for May 14”, Coin Edition, published May 13, 2025.
- “Solana hits $ 22,39b Weekly DEX Volume, $ 9.44b Tvl, Sol Price for $ 172.88”, The Defiant, published 13 May 2205.
- “Solana network activity grows when 11m wallets now have 0.1 sun or more – analyst”, NewsBTC, published May 14, 2025.
