Solana's Price Surges 48% in May, Eyes $181 Breakout

Solana (SOL) has been steadily climbing the charts, approaching a significant breakout zone as May nears. With key indicators turning bullish and momentum increasing, many traders are wondering if Solana's price could surge fivefold this May.

Solana's price is currently around $148, following a strong rebound from the March low near $100. The daily chart indicates that SOL is steadily rising above the 20-day, 50-day, and 100-day simple moving averages (SMAs), which are now curving upward, suggesting potential bullish crossover. However, the 200-day SMA near $181 poses a significant resistance. Solana will need substantial momentum to break past this level convincingly. The Accumulation/Distribution Line (ADL) is rising steadily, indicating consistent buying pressure rather than speculative bursts.

If SOL's price breaks above $181, the next major psychological barrier is $200—a level it hasn’t reached since late 2023. Beyond that, a 5x move from the current price would imply a rally to $740, which seems unlikely in one month. However, even a move to $300 would more than double the current price and bring significant returns to early investors.

On the hourly chart, Solana is consolidating just under $150, closely following the 50-hour and 100-hour SMAs. The 20-hour SMA is attempting to cross over the 200-hour SMA, a configuration that typically signals a potential breakout if the price maintains structure and volume increases. The ADL on the hourly timeframe is steady, suggesting no panic selling or aggressive accumulation at this moment. If SOL's price can push past $152 on the hourly chart and hold above that level, a short-term rally toward $160–$165 is likely. Traders should watch for volume surges and a clean break above this minor resistance band, which could act as a launchpad toward the $180 area.

For a 5x increase, Solana would need a parabolic move and a major catalyst, such as a significant DeFi protocol launch, ETF approval, or a big partnership announcement. Without such catalysts, it is more realistic to expect a move toward $180–$220 in May, and possibly a 2x to $300 by summer if bullish momentum holds.

While a 5x surge in one month is unlikely, it is not impossible. The charts show strength, momentum is building, and long-term structure is improving. Solana's price does not need a 5x move to deliver huge gains—just a breakout above $180 and a rally into the $200+ zone could provide impressive returns for May investors. Key breakout levels to watch are $152 and $181. If Solana clears these levels with volume, it may be wise not to be on the sidelines.