CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

Coin Edition 2025-05-12 06:35:42

Solana (SOL) Price Prediction for May 12: Can Bulls Extend the Breakout Rally Above $180?

Solana price today is trading near $173.65, following a sharp breakout that carried price from the $145 support zone toward a critical confluence resistance near $180. This recent rally has reignited bullish sentiment across the market, but with signs of exhaustion emerging on lower timeframes. What’s happening with Solana’s price? After weeks of consolidation, Solana price broke decisively above a multi-month descending trendline on the daily chart, triggering a swift move from the $140–$145 zone to retest the $180 psychological barrier. This move aligns with the 0.5 Fibonacci retracement level ($156.23) from the November 2023 high to April 2025 low, which acted as a springboard for the breakout. Solana price dynamics (Source: TradingView) On the weekly chart, Solana price action is pushing into the 0.382 retracement level near $189. This zone served as a major distribution point during Q4 2024 and could now pose heavy resistance unless bulls reclaim it with volume. Intraday Reversal Signs: Why Solana price going down today? Solana price dynamics (Source: TradingView) The 4-hour chart reveals early signs of exhaustion. The Stochastic RSI has… The post Solana (SOL) Price Prediction for May 12: Can Bulls Extend the Breakout Rally Above $180? appeared first on Coin Edition .

Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine