Categories: Technical analysis

Solana Wave Analysis – 9 May 2025

Solana: ⬆️ Buy

– Solana is approaching the resistance level 177.50

– Likely to rise to resistance level 200.00

Solana cryptocurrency recently broke the resistance area between the resistance level 150.00 (which has been reversing the price from March) and the 61.8% Fibonacci correction of the downward impulse from the start of March.

The breakout of this resistance area accelerated the active short-term impulse wave c from the start of April, which belongs to wave B.

Solana can be expected to rise to the next resistance level 177.50 (previous monthly high from March) – the breakout of which can lead to further gains toward 200.00.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: Solana

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