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Key Takeaways
- Solana’s bulls must defend its price above $120 and push it above $160 for a rally towards $200.
- A bullish price rally for Solana above $200 in May could see a strong price momentum towards a new all-time high of $300-$350.
- BTC’s price action for May could dictate the overall price action for altcoins despite looking bullish.
Solana’s price prediction for May is beginning to gain some steam following its price rally from a region of $95 to a high of $150, breaking above a key resistance zone, as the price could be set for a key price rally towards $200 to $220 for the first time in the past three months.
Crypto experts suggest that the price of Solana (SOL) rebounding above $140 is a good sign of a possible bullish continuation for the price, as the price of Solana (SOL) faced some rejection in recent times, as the price has struggled in the last few days.
While the price of SOL has struggled to trade above $200, crypto experts believe the price of SOL trading above this region could spark a strong price rally towards a new all-time high of $350 or more.
The most important support for #Solana $SOL is at $129, while the key resistance to watch sits at $144. Price action outside of this range will set the tone. pic.twitter.com/Ruw3TzGlm0
— Ali (@ali_charts) April 19, 2025
Will Solana’s (SOL) price pull a shocker in May as crypto experts expect a strong price action to reach new highs if the price breaks $120, acting as a key area of interest for bulls holding its price from trading lows.
Solana (SOL) Price Prediction For May
Source – SOL 1D Price Chart From TradingView
The price prediction for SOL in May became likely following a strong price rally from its key support zone of $95 to a high of $153. The price of Solana suffered a minor retracement towards $143 above its key support zone, which prevented the price from trading lower.
On the daily timeframe, the price of SOL breaking out above $147, with strong volume, highlighted the market shift from bearish to bullish. However, the price has struggled in the last few days to break towards its upside of $180 to $200, which could indicate bullish price dominance towards a new all-time high.
Despite experiencing an over 40% price crash from its high of $295, the price has broken out of its downtrend above its bullish descending triangle, which indicates a strong confluence of further price rallies. The price of SOL trading above its 50-day and 200-day EMAs in the coming days or weeks could see SOL’s price prediction for May trade towards $180-$200.
If the price of SOL trades above $200, this is a clear indication of bullish dominance by bulls, as the price could continue its strong rally towards a high of $300 and more. Current price action for altcoins is heavily influenced by Bitcoin’s potential rally, as altcoins could follow its price towards new highs.