Shocking Prediction: Solana (SOL) Price Has the Potential to Reach $360!

Updated

May 16, 2025

Gambar Shocking Prediction: Solana (SOL) Price Has the Potential to Reach $360!

Jakarta, Pintu News – Solana’s native token has continued to perform impressively throughout May, with its market value having risen from $146 in late April to a peak of $180 in Wednesday’s trading. This is the highest daily close since mid-February. Independent analyst More Crypto Online (MCO) has released a video update explaining that while this rise seems full, it is not necessarily too much or too far.

In the video, the MCO emphasized that the rise from the low point on April 30 followed a “five-wave pattern” and asserted that as long as this micro-support area holds, there will likely be higher price peaks. The micro-support area in question is in the range of $159.67 to $168.23, which Solana (SOL) briefly tested before going higher again.

Potential Price Spike to $360

In more detail, the Elliott wave calculations performed by MCO now show five clear waves even at what it calls the “nano” level. In classical wave theory, this configuration usually marks the end of the first impulsive wave or the closing leg of the diagonal. If this is a five-wave movement, it could be wave A, which will be followed by wave B and then wave C upwards.

The alternative preferred by MCO is to consider this structure as wave 1 of a larger impulse, which could easily reach $360 or higher. This suggests significant growth potential for Solana (SOL) if this scenario materializes.

Also Read: Bitcoin (BTC) Potential to Break New Record Highs in May

Solana Network (SOL) Dynamics and Market Activity

Along with the price increase, the Solana network (SOL) activity has also shown growth. Currently, over 11 million wallets hold at least 0.1 SOL. This indicates increased adoption and trust in the Solana (SOL) ecosystem, which could be a positive indicator for further potential price increases.

For traders trying to adjust short-term risk, the MCO highlights two important figures. On the upside, $191.25 is the next level to watch out for, which is the 61.8% extension of wave 1 and 3-the classic Fibonacci target for the fifth wave. On the downside, a break below $172 would indicate that a price top has formed in wave 1.

Analysis and Strategies for Investors

Investors and traders should pay attention to the support and resistance levels identified by MCO to optimize their strategies. Monitoring whether Solana (SOL) can maintain its momentum above the micro support area will be crucial in determining whether the uptrend will continue or not.

A prudent strategy may involve observing Solana (SOL) price reactions to Fibonacci targets and resetting positions based on significant price movements. By understanding these dynamics, investors can be better prepared for the volatility that may occur in the crypto market.

Bright Future for Solana (SOL)

With in-depth technical analysis and increased network activity, the future of Solana (SOL) looks bright. Investors who understand and follow these developments may find profitable opportunities in this dynamic market fluctuation.

Also Read: Ukraine Considers Bitcoin as a National Strategic Reserve

That’s the latest information about crypto. Follow us on Google News for the latest crypto and blockchain technology updates. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.