TLDR
- Sun showing a Haussertat Vimpel with an estimated target of $ 212
- Solana’s price correlates strongly with global liquidity cycles, currently turning up
- Soana has maintained a daily haussey trend for six months in a row
- The $ 175- $ 180 price zone is still an important support level to look at
- The latest price movement in the range $ 172- $ 174 triggers significant liquidation activity
Soana has shown remarkable resistance in the Cryptocurrency market, with technical indicators suggesting a potential rally at $ 212. Cryptocurrency has constantly climbed, recently erupted from a bumpy pennant formation that usually signals the continuation of an upward trend. This technological development coincides with favorable global liquidity conditions that have historically benefited Sol’s price measure.
After a large rally of almost 25% in April, Solana continues to receive attention from traders and investors. Cryptocurrency is currently traded over $ 172 and the 100 -hour simple sliding mean and shows strength even when other altcoins fight to maintain speed.
Technical analysis reveals a short -term rising channel forming with support for $ 172 on the Timdiagram. The price recently tested the $ 176 level, which represents 61.8% Fibonacci retracing level for the downward movement from the $ 180 turn high to $ 170 low.
Soana formed a base over the $ 150 support before he started his new increase. The price moved past several resistance levels including $ 155 and $ 162, although bears became active as it approached the $ 180 brand.
Key support and resistance levels
For traders watching SolanaSeveral price points have emerged as critical zones. The $ 175- $ 180 series acts as an important support area, with a firm grip above this level that potentially opens the door to the estimated $ 212 goal emphasized by analysts.
On the upside, immediate resistance is close to $ 176, followed by stronger resistance of $ 180. If sun can break over $ 180, the next big resistance of $ 185 is shown. A successful end over $ 185 zone can set the pace for another steady increase against $ 192, with $ 200 representing a psychological barrier beyond that.
On the disadvantage, the first support is close to the $ 172 level, with the first major support of $ 170. A break under $ 170 can send the price against the $ 162 zone, while a closing below $ 162 can trigger a decrease to the $ 150 support.
The $ 172- $ 174 region is particularly interesting as it corresponds to a zone with high liquidation activity. According to data from Coinglass, this area is stacked with high emission positions, both long and short, which tends to create volatility when the price enters these zones.
Correlation with global liquidity
One of the more narrative aspects of Solana’s current price measure is its correlation with global liquidity trends. Data deducted from GMI’s total liquidity index with a 12-week management reveals how close Sol’s price has historically followed movements in broader liquidity cycles.
When global liquidity turns upwards, Solana seems to go into a phase where strong technical settings are gaining greater importance. This macrobane wind can give bulls additional confidence, especially considering Sol’s already strong relative performance among layers 1 blockchains.
Although this correlation does not guarantee a rally, the timing is in line with other haisse indicators. Assets such as SOL often respond quickly when liquidity flows increase in the global markets.
Technical indicators further support the haus -like case. The hour MACD for sun/USD gets pace in the hausse -like zone, while the relative strength index (RSI) remains above the 50 level, which indicates a healthy speed.
One of the selected altcoins that managed to hold a hooked trend every week for the past 6 months. ($ Sui too)
Relative strength upon continuing pic.twitter.com/7llbgm90wh
– nebraskangoons (@nebraskangoons) May 10, 2025
What makes Solana particularly remarkable is its ability to maintain a haisse -like trend every week for six straight months, even as many other crypto courses have shown weakness. This consistent performance suggests underlying strength in the buyer’s interest and market term against SoL.
The current price structure shows that sun makes higher lows, a pattern that usually indicates growing buyers’ interest rates and a healthy accumulation. When Momentum is based on the haus -shaped pennant outbreak, the road to higher goals becomes increasingly likely.
With the combination of technical strength, favorable macro conditions and consistently upward speed, Solana continues to position themselves as one of the stronger artists in the Cryptocurrency market.
From the latest data, sun is traded at $ 172, after forming a base over $ 150 support and currently testing key resistance levels that will determine its short-term track.
