{"id":4676,"date":"2025-05-15T05:00:30","date_gmt":"2025-05-15T05:00:30","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/solana-price-rally-targets-360-but-this-support-must-hold\/"},"modified":"2025-05-15T05:00:30","modified_gmt":"2025-05-15T05:00:30","slug":"solana-price-rally-targets-360-but-this-support-must-hold","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/solana-price-rally-targets-360-but-this-support-must-hold\/","title":{"rendered":"Solana Price Rally Targets $360\u2014But This Support Must Hold"},"content":{"rendered":"

Solana\u2019s native token is extending an impressive May run that has already carried the market-cap leader among non-EVM smart-contract platforms from $146 at the end of April to as high as $18\u201d in Wednesday trading, the highest daily close recorded since mid-February.<\/p>\n

Against that backdrop, independent analyst More Crypto Online (MCO) released a fresh video update<\/a> outlining why the move is technically \u201cvery full but not necessarily overextended or overstretched.\u201d In the clip, MCO reiterates that the advance from the 30 April swing low traces out \u201ca five-wave pattern\u201d and stresses that, because \u201cthere was no confirmed top, one more high was still likely especially as long as this micro-support area held.\u201d The micro zone he referenced earlier in the week lay between $159.67 and $168.23, a range Solana tested briefly before powering higher.<\/p>\n

Solana Could Surge To $360<\/h2>\n

Zooming in, the channel\u2019s Elliott-wave count now shows five clean waves even on what MCO calls \u201cthe nano level,\u201d a configuration that, in classical wave theory, typically finishes either an impulsive first wave or the terminating leg of a diagonal.<\/p>\n

\"Solana<\/p>\n

\u201cIf it\u2019s a five-wave move, it can be a so-called A-wave,\u201d the analyst explains, which would \u201cresult in a B-wave, ideally a higher low, and then a C-wave up.\u201d The alternative\u2014and MCO\u2019s preferred scenario\u2014treats the structure as wave 1 of a much larger impulse that could ultimately \u201ceasily get to $360 or higher.\u201d<\/p>\n

For traders trying to calibrate risk in the near term, MCO isolates two numbers that matter most. On the upside he names $191.25 as \u201cthe next upside level to watch,\u201d describing it as the 61.8 percent extension of waves 1 and 3\u2014a textbook Fibonacci target for a fifth wave.<\/p>\n

On the downside he warns that \u201cit takes a break below $172, which is the last swing low, to indicate that a price top has formed in wave 1.\u201d In a follow-up post on X he put it even more succinctly: \u201c5th wave to the upside is confirmed. $191.25 is the next upside level to watch \u2026 it takes a break below $172 \u2026 to indicate that a price top has formed.\u201d<\/p>\n

A clean, high-volume break of $191.25 would confirm that the immediate corrective risk has been deferred; a decisive daily close beneath $172 would instead signal that the first leg of the new advance has exhausted itself and that a retracement toward the upper-$160s or even the mid-$150s is underway.<\/p>\n

As ever, traders should remember that Elliott-wave projections are probabilistic rather than predictive. With volatility historically elevated in Solana, position sizing\u2014alongside a clear plan for the two technical levels singled out in today\u2019s analysis\u2014remains the first line of defence.<\/p>\n

At press time, SOL traded at $180.<\/p>\n

\"Solana<\/p>\n","protected":false},"excerpt":{"rendered":"

Solana\u2019s native token is extending an impressive May run that has already carried the market-cap leader among non-EVM smart-contract platforms from $146 at the end of April to as high as $18\u201d in Wednesday trading, the highest daily close recorded since mid-February. Against that backdrop, independent analyst More Crypto Online (MCO) released a fresh video…<\/p>\n","protected":false},"author":1,"featured_media":4677,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[174,175,176,109,115,116],"class_list":["post-4676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solana","tag-sol","tag-sol-news","tag-sol-price","tag-solana","tag-solana-news","tag-solana-price"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/4676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=4676"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/4676\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/4677"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=4676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=4676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=4676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}