Key notes
- Solana is negotiated at $ 165 after a daily gain of 8%, supported by the increase in commercial volume.
- The 21% increase in Ethereum Post-Festra pushed the Sol / ETH ratio to one month’s lower month.
- The analyst highlights a cup and handle model on the weekly ground graph, with $ 200 as an escape trigger.
Solara
GROUND
$ 150.7
24h volatility:
2.6%
COURTIC CAPESSION:
$ 78.04 B
Flight. 24 hours:
$ 3.80 B
rallied more than 8% in the last 24 hours to exchange around $ 165. This strong upward move occurs while the wider cryptography market testifies to a 5.3% increase in total market capitalization, aroused renewed interest in altcoins.
Sol, which was stuck below the $ 150 mark for more than two months, has now seen its value increase by more than 50% in the month. Its market capitalization increased to $ 86 billion, up 62% during the same period.
Meanwhile, the competitor of Solana, Ethereum
Ethn
$ 1,845
24h volatility:
2.6%
COURTIC CAPESSION:
$ 222.72 B
Flight. 24 hours:
$ 14.22 B
Recently activated its long -awaited pectra upgrade, leading to a significant increase in activity and an increase in prices of 21% in the last day. This has led to the soil / eTH ratio at its lowest point in almost a month.
According to Coinglass, Ethereum has recorded $ 248 million on the past 24 hours, or more than $ 94 million in Triple Solana. The co-founder of Bitmex, Arthur Hayes, said: “It is the fundamental season”, referring to the renewed attention on layer 1 protocols.
They are fundamental SZN sluts. Fuck your non -client, no income Shistcoins. Give me this money in the form of buyout and burn. $ Ethf = The soul of #crypto pic.twitter.com/vvjpifidpv
– Arthur Hayes (@cryptohayes) May 9, 2025
Sol Price Perspectives
On the daily graphic, Sol currently tests Bollinger’s upper band at $ 169.90, indicating short -term basising status. If Sol manages to break and maintain above this level, it could push towards the next resistance areas at $ 170 and $ 180.
However, rejection in this band could send the price to the intermediary band (SMA of 20 days) to $ 162.11, and perhaps further up to the band less than $ 135.62.
Sol Price Tableau with RSI and Bollinger Bands | Source: Commercial view
The RSI is currently 71.67, strengthening the bullish momentum. However, it also signals a potential for short -term correction if the overeffusion conditions persist.
Meanwhile, the MacD on the daily graph shows a positive crossing, signaling a bullish momentum. A rupture supported above $ 170 with a Strong MacD could lead the 6th largest cryptocurrency to $ 180.
Sol Price Tableau with MacD | Source: Commercial view
Popular Crypto analyst Ali Martinez, recently noted on X that Sol has been a bullish cup and a handling pattern on the weekly graph since the end of 2021. According to him, the cleaning of the $ 200 mark could lead to a large bull race for Solana.
#Solana $ Soil Eraser the $ 200 mark could trigger a huge bull race! pic.twitter.com/vqthvz1xvx
– Ali (@ali_charts) May 8, 2025
Other analysts have echoed, saying that soil could “print candles of God” if the larger cryptography market continues its upward trend.
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Cryptographic journalist with more than 5 years of experience in the industry, Parth has worked with the main media in the world of crypto and finance, the collection of experience and expertise in space after having survived bear markets and bulls over the years. STHTH is also an author of 4 self-published books.
Parth Dubey on LinkedIn
