HomePrice PredictionsSOLSolana Struggles at EMA-200: Breakout or Breakdown Ahead?

Solana Struggles at EMA-200: Breakout or Breakdown Ahead?

Date:

Solana Technical Analysis: 2 MAY 2025

Alt Coin Beacon - SOLUSDT_2025-05-02_11-40-13

Solana’s price is in a short-term downward trend. Source: TradingView

General View

Solana has been posting decent recovery in recent sessions, regaining critical support levels and now consolidating just below a heavy resistance zone. However, bulls are encountering persistent trouble in breaking above the EMA-200 on the 12H chart. Price is currently in a short-term descending channel formation, signalling partial correction.

On The Upside

Solana is continuously struggling at the $150 to $154.50 range. Despite multiple attempts in the last 10 odd days, bulls have failed to show any dominance above this level. Unless this range breaks, any sustainable upside remains unlikely. However, if bulls overwhelm this major hurdle, a move towards $159 and $165 remains on the cards. 

On The Downside

The supports between $147 to $145 are important range levels. Additionally, slightly below these supports comes the EMA-50 protection, which is at $140.50, however, is expected to head towards $144-$145’s in the coming hours. This dynamic level is going to be an important pivotal point for recovery or additional downside correction.

Alt Coin Beacon - SOLUSDT_2025-05-02_11-41-47

EMA-50 is the key protective support level for Solana. Source: TradingView

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Usman Ali
Usman Ali
A writer and market analyst with expertise in cryptocurrencies. He focuses on delivering clear, insightful, and well-structured content, emphasizing advanced trading strategies and in-depth market analysis. His writing style prioritizes clarity and professionalism, ensuring that complex market trends are easy to understand. He is keen on keeping his work organized, direct, and valuable for his audience.

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