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This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.
A momentum indicator, with a strong track record of forecasting major bitcoin (BTC) price moves, has flipped bullish, reinforcing analysts’ recent predictions of a rally to $150K–$200K.

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The technical analysis indicator is called the Moving Average Convergence Divergence (MACD) histogram, which represents the difference between the MACD line and its signal line. The MACD line is calculated by subtracting the 26-period (days or weeks) exponential moving average (EMA) from the 12-period EMA of an asset’s price. The signal line is a 9-period EMA of the MACD line itself.
A positive shift in the MACD histogram is interpreted as a transition from bearish to bullish momentum and is widely considered a buy signal by traders.

BTC’s weekly chart with the MACD histogram. (TradingView/CoinDesk)
BTC’s weekly chart MACD has crossed above zero, indicating a renewed bullish momentum.

The latest bullish signal follows bitcoin’s bounce from the 50-week simple moving average (SMA), replicating patterns observed in mid-2024 and early 2023. On both occasions, BTC subsequently experienced strong rallies.
Note how the MACD flipped positive in the second half of October, warning of a big move higher. BTC broke above $70K in early November and eventually reached record highs in December.
Over the past five years, the MACD has crossed into positive territory five times, with only one false signal in March 2022, which trapped bulls (marked by circle) on the wrong side of the market.
The latest signal is consistent with the bullish macro picture and analysts’ calls for a rally to higher levels. Early this week, Standard Chartered said that institutional adoption and investment lows could lift bitcoin as high as $200K.
In a report shared with CoinDesk on Tuesday, analysts at Bitfinex said BTC is evolving into a global macro reserve asset and could rise to $150K-$180K in 2025-26.

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Against this backdrop, Solana has emerged as a standout performer, surging over 5% in a volatile 24-hour period and establishing new support above the crucial $180 level for the first time since February, according to CoinDesk Research’s technical analysis data model.

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Technical Analysis Highlights

SOL formed a clear uptrend with strong volume support at the $173 level, followed by an explosive breakout at 19:00 when it surged 5.8% on 2.5M volume—more than double the 24-hour average.
Despite a pullback from the $184.72 high, SOL maintained support above $180, suggesting continued bullish momentum with resistance now established at $184.
In the last hour, SOL experienced significant volatility, climbing to a peak of $182.47 before encountering strong selling pressure that drove prices down to $180.21, representing a 1.24% decline.
The price action formed a clear distribution pattern with volume spikes exceeding 79,000 units during the sharp correction, establishing a new resistance zone around $182.00-$182.50.
After finding support near $180.37, SOL attempted a recovery toward $181.50 but faced renewed selling, suggesting consolidation between $180.80-$181.40 as traders reassess the broader uptrend’s sustainability.

Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. This article may include information from external sources, which are listed below when applicable.
External References

“Solana (SOL) Price Prediction for May 14”, Coin Edition, published May 13, 2025.
“Solana Hits $22.39B Weekly DEX Volume, $9.44B TVL, SOL Price at $172.88”, The Defiant, published May 13, 2205.
“Solana Network Activity Grows As 11M Wallets Now Hold 0.1 SOL Or More – Analyst”, NewsBTC, published May 14, 2025.