Solana’s (SOL) price is experiencing strong bullish momentum in May 2025, with traders confident in a close around $190. Polymarket data reveals a 71% probability for this outcome, bolstered by significant trading volume exceeding $310,000. However, analysts point to an RSI of 71, indicating overbought conditions and potential price correction. While optimistic trends fuel these expectations, some traders are hedging against a possible pullback.
The second most likely scenario forecasts SOL at $210 with a 34% chance. This reflects moderate optimism but is still subject to market fluctuations. Further insights come from technical analysis and sentiment indicators that could reveal the price direction. The article also details a significant amount of hedging bets on the token closing near $140, adding an intriguing layer to the outlook.