The price of Solana (Soul) was $ 2.4% on Saturday, May 24, 2025, which was abbreviated on Friday as Cryptocurrency in 5th position after abbreviations. The steps above $ 181 proved to be a short-lived, as the Memcoin-powered instability flowed the headwind of the recession to Sol Bazaar after the controversial dinner involving US President Donald Trump.
Can Solna value reinforce the speed of faster and target $ 210, or a deep improvement?
Trump Memcoin Sparks Tumble as a market controversy
Solana (Sol) on Friday rode a rapid wave in this week to hit the news of news above $ 185, which increased by network activity and increasing institutional demand.
The Soul Price Breakout for $ 186 marked a new 60-day high, and lifted its market cap above a $ 95 billion mark, briefly crossed the benns coin (BNB) To secure the 5th position among the top ranked crypto property.
However, Trump’s Memcoin Dinner Event faded the enthusiasm after disrupting the market spirit, causing fast sale.
with Official trump memecoin Hosted on Solana blockchain, political results caused a wave impact in the Sol -spot markets.
At the press time, Seoul was trading at $ 176.88, below 2.4% in the last 24 hours. It is 7% more a week and is 16.9% above the last 30 days. Solana’s ability to re -achieve the speed depends greatly on how derivative traders are in position in the coming days.
Can Solna reach $ 210 in the current bull cycle?
As Konalas’ The latest derivative data, the recent speed of sool trading has flipped into vigilant areas in vigilant areas with rapid cuts in speculative risk after killing 60-day peaks above $ 186 on Friday.
First, the Sol Futures Trading Volume is below 46.39% to $ 11.31 billion, while the open interest fell by 3.77% to $ 7.35 billion, confirming the low profit in Soul markets.
However, in the Solna option markets, trading has increased by 67.03% to only $ 653,270, although open interest has increased by 2.31%, indicating some hedging activity.
Despite the amount of recession, long/shorter ratio in major exchanges suggests that the market spirit remains particularly optimistic among whales.
On the binance, standing at a long/short ratio (by accounts) stands at 2.0572, suggesting that more than twice users are betting longer. The Okx reports a long/shorter ratio of 2.25, further strengthening the speeding position.
Top traders on binance show even more strong bias with long/shorter ratios (by accounts and posts) at 2.1456 and 2.3825 respectively.
These figures suggest that while the normal market activity has cooled, high -frequency traders and whales have been continued to stay for a long time, betting on a solana rebound towards the high level.
The liquidation map adds more reference. In the last 24 hours, Sol saw $ 13.38 million in liquidation, with longes accounting for $ 12.27 million, compared to just $ 1.11 million in shorts.
Although this data solution implies the aggressive closure of long positions, it can also set the phase for a short -term inverted, as the system is highly benefited.
If the bitcoin price discovery rally moves above its current all time above $ 111,800, the solana price is ready to find a viable path to regain $ 181 and test the level of $ 210 before the current bull cycle peaks.
Technical Price Analysis: Solana Eyes $ 187 Rebounds If the key indicator align
Solana value forecast On Saturday, signs accelerate after a loss of 2.4%. As seen below, Sole value Action has followed the formation of Elliot Wave through May, suggesting the fifth wave to target $ 187.71.
Currently trading around $ 177, Sol has recently rebounded from swing low, supported by the Super Simple Moving Average (SMA) cluster, which is around $ 172–174. A confluence of 5, 8, and 13-day SMAS suggests that the near-term speed is stable.
Sol Price has now flipped these SMAs in support after several red candles, which validate the strong buyer interest at the lower level.
The MACD, however, weakens the speed with the histogram approaching the cross of a recession under the orange macad line with a negative and blue signal line. This suggests a potential for short -term consolidation or shallow improvement before continuity.
If Solana holds the range of $ 172–174 and breaks above the recent high near $ 178.33 with volume expansion, then a push towards $ 187.71 Fibonacci extensions is probably persisted.
Bitcoin price forecast Even today, widely supports the thesis. With the BTC staying above $ 106,000 and maintaining the structure within high low formation, it provides macro support for mega-cap ultcoin such as solana. If the BTC pushes towards $ 70,000, the solana price may move towards $ 187–190.
However, the failure to recreate this high can open the door for a corrective step towards $ 170.24, which marks significant rapid immunity. A brake structure below that level will move to a corrective “(A)” wave, with a $ 160 support level for a revision with bear angling.
Frequently asked questions (FAQs)
Sol was dropped by Trump’s controversial Memcoin-related incident due to widespread market instability, causing a vigilant investor spirit.
Yes. While the trading volume has cooled down, long/shorter ratio and technical support above $ 173 suggests that the capacity of continuous boom continues.
If the sole breaks above $ 181, the next target is located around $ 210- $ 215 based on the Elliot Wave structure and merchant spirit.
Coyingop Staff
Coingape includes an experienced team of indigenous material writers and editors, who are working in a clock time to cover news globally and present news as a fact rather than an opinion. CoingPele writers and reporters contributed to this article.
Disclaimer: The material presented may include the author’s personal opinion and is subject to the market status. Do your market research before investing in cryptocurrency. The author or publication does not have any responsibility for your personal financial loss.
share: