In recent weeks, Solana (SOL) has shown positive trends in the market, attracting the attention of traders. Let's explore the current indicators and factors that could influence price movements.
Current Price and Key Resistance Levels
Solana is currently trading around $148, a significant rebound from March lows near $100. The chart shows SOL steadily pushing above the 20-, 50-, and 100-day simple moving averages, which are now curving upwards. However, the 200-day SMA near $181 remains a strong resistance and will require significant volume to break through.
Hourly Charts: A Signal for Breakout?
On the hourly chart, Solana is consolidating just below $150, closely hugging the 50- and 100-hour SMAs. If the price can push past $152 and hold above that level, it may signal a short-term rally towards the $160–$165 levels.
What Would It Take for a 5x Growth?
Reaching a target value of $740 (5x growth from the current price) would require a 400% price increase and a market cap exceeding $300 billion. While the strength and positive trends of Solana may attract attention, a more realistic target is $180–$220 in May, with a possible doubling to $300 by summer if bullish momentum holds.
Although a 5x growth in the coming month is unlikely, there is a gradual accumulation of strength and improvement in long-term structure. Prices need to break through levels $152 and $181 to create momentum for the next moves.
