Solana shows a strong upward trend as the digital asset climbs toward the upper line of its price channel. The price of Solana currently sits at $180.13, showing a 7.79 percent gain in the past twenty-four hours alone.
Over the past week, Solana has increased by 4.49 percent, reflecting growing interest and strong buying activity from traders. Analysts predict continued price appreciation as the cryptocurrency trades in an uphill channel pattern on the graphs.
Analyst Ali posted a chart on May 22, 2025, and it illustrates Solana’s movement in daily candlesticks. The chart indicates that Solana is within this upward channel, ranging between two parallel rising lines demonstrating steady appreciation.
The overhead resistance level seems close to the $210 level now serving as a level of resistance for Solana. The resistance level here could be a very important level next if the buyers continue to be in charge of the market, according to analyst Ali. The lower boundary of the channel hovers at $170 at a level where a reversal took place before when the price retraced.
Solana price holds above key average
Solana’s price sits above its 30-day Simple Moving Average of approximately $177.46, making the argument for continued growth stronger. This moving average acts as a signal of current market strength and momentum favoring buyers over sellers.
Technical traders view this setup as confirmation that token may continue its upward climb toward the $210 resistance. Solana’s 24-hour trading volume stands at $6.13 billion, showing intense activity and high investor interest in the coin.
As it has a market cap of $93.6 billion, Solana continues to be one of the most valuable cryptocurrencies in the market. Analyst Ali’s chart also indicates volume spikes on key days of price action, signaling heavy retail and institutional investor participation. Should momentum be maintained, token may retest or even reach the $210 level, a critical level for the ongoing trend.
