Will Solana (SOL) explode in 2025? Shiba Inu (SHIB) is between two milestones, and Mini Ethereum (ETH) is starting a bull market.
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Will Solana (SOL) experience an explosion in 2025? Shiba Inu (SHIB) is moving towards two key milestones, while Mini Ethereum (ETH) has also entered the early stages of a bull market. Solana's current price is around $193, positioned between critical technical levels, and trading volume has decreased, indicating a weakening confidence among market participants in buying or selling. Recent price trends suggest that SOL is struggling to break through the psychological barrier of $200 while maintaining near the support level of $176. The decrease in trading volume and the narrowing price range are typical signs of consolidation, implying that market participants may be waiting for a catalyst to determine their next move. Therefore, given the current trading volume, the likelihood of a breakout seems higher.
The sharp decline in trading volume for Solana often signals reduced market activity and may create conditions for a price increase. Combining this with the $203 downward trend line in the chart as a resistance level, SOL may be building pressure and could potentially release this pressure through a significant price jump when conditions are right.
If Solana can break above $203, it may retest higher price levels, with $220 being the next key resistance level. However, if the price fails to maintain the support at $176, the 200 EMA (long-term support indicator) may push the price down to around $150. Nevertheless, Solana's continued growth in the blockchain ecosystem and its notable resilience bring positive expectations for its future price trends.
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