Solana Wave Analysis – 9 May 2025

- 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.