Solana’s Momentum Grows as Traders Eye $190 Target for May

SOL shows strong market confidence with a 71% chance of closing near $190. Moderate optimism sees $210 as a likely outcome, backed by $187,000 in volume. RSI at 71 indicates overbought conditions, suggesting possible price correction soon. Solana (SOL) continues to draw investor attention in May 2025, with strong trading volumes shaping expectations for its monthly close. According to Polymarket data , market participants appear largely confident in SOL maintaining momentum, pricing in a 71% probability that the token will close near $190. This belief is backed by over $310,000 in trading volume, reflecting a strong consensus. As the market pushes forward, both technical and sentiment indicators provide further insight into potential price moves. While some investors anticipate further gains, others hedge against a possible pullback. PolyMarket Sentiment Mixed: $190 Favored, But $140 Hedging Bets Strong Interestingly, the second most probable outcome places SOL at $210, holding a 34% chance. This scenario shows moderate optimism, supported by nearly $187,000 in volume. However, a surprising $364,000 has been wagered on a $140 closing price despite o… The post Solana’s Momentum Grows as Traders Eye $190 Target for May appeared first on Coin Edition .

Source: Coin Edition