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In a recent post on X, crypto analyst Grayhoood observed that Solana (SOL) is currently showing signs of a bullish trend. Over the past 24 hours, the price has climbed by 2.8%, with candlestick charts revealing a noticeable upward trajectory.  Solana Stochastics And CCI Signal Short-Term Strength Earlier in the day, SOL briefly dipped to around $151 but managed to recover steadily, reaching a current price of $155.35. Grayhoood pointed out that this short-term strength is consistent with Solana’s 7-day performance, which shows a modest 1.4% increase. However, the longer-term outlook remains volatile, with SOL still down by 3.9% over the past year.  Related Reading: Solana Picture Bigger Than $420: Analyst Predicts 140% Surge To New ATHs Grayhoood revealed that technical indicators are suggesting a cautiously optimistic outlook for SOL. As price action continues to show signs of recovery, the Relative Strength Index (RSI) is likely positioned in a neutral zone, indicating the recent uptick. This positioning allows space for further gains, but also signals a potential shift into overbought territory if SOL’s price surges too rapidly. The Stochastic Oscillator and Commodity Channel Index (CCI) also point to short-term bullish momentum, especially with SOL breaking through the $154 resistance level. These indicators suggest that buyers are regaining control. However, Grayhoood cautioned that while momentum appears to be building, the recent price dip observed earlier in the day reveals that sellers are not entirely out of the picture. Recovery Gains Traction, But Yearly Losses Still Weigh In To further reinforce his claim, the analyst pointed to Solana’s moving averages, which currently present a mixed but insightful technical outlook. In the short term, the 7-day and 14-day moving averages hint at a hold or mild buying pressure. This aligns with SOL’s recent bounce from $151 to $155.35, signaling that momentum may be shifting in favor of the bulls. Related Reading: Solana’s Old Hands Are Moving—Is Trouble Brewing? However, when viewed from a broader lens, long-term averages continue to reflect lingering weakness. The 30-day and yearly trends, which show declines of 9.3% and 3.9% respectively, suggest that the larger market remains cautious. These figures reveal that while the recent gains are encouraging, they have not fully reversed the bearish structure seen over the past months. Overall, the analyst believes that despite the volatility seen over the past few weeks, market sentiment is beginning to lean bullish in the short term. Solana’s recent performance, supported by its ability to reclaim key levels and maintain upward momentum, offers a more favorable outlook heading into the near future. If current trends persist and key resistances are successfully challenged, the path may open for a broader shift in sentiment. Featured image from Adobe Stock, chart from Tradingview.com

Solana (SOL) is showing resilience amid broader market weakness, as volatility shakes crypto assets across the board. After a sharp retrace alongside Bitcoin and Ethereum, Solana is stabilizing above key demand levels, sparking cautious optimism among investors. Many are eyeing this zone as a potential launchpad for the next leg up, especially as the market seeks to recover and regain bullish momentum. Related Reading: Bitcoin Sees Largest Net Taker Volume Drop Of 2025 – Traders React To Trump-Elon Clash Despite recent uncertainty, sentiment around Solana remains constructive. Analysts point to strong structural support and a history of sharp rebounds from similar technical setups. Among them, top crypto analyst Ali Martinez recently shared a key signal that has caught the attention of traders: the TD Sequential indicator has flashed a buy signal for Solana on the daily timeframe. Historically, this signal has preceded notable price rallies, particularly when it aligns with strong support zones. With Solana holding firm and broader sentiment gradually improving, bulls are watching closely for a push into higher supply zones. If confirmed, a breakout from this range could send SOL toward new short-term highs. The coming days will be critical in determining whether Solana can sustain this momentum and lead the next altcoin rally. Solana Tests Support As TD Sequential Signals Rebound Solana is holding a critical support zone near $145 after shedding more than 20% of its value since late May. The correction has brought SOL into a key demand area, where bulls appear to be defending the level with strength. Despite attempts to reclaim $160, the altcoin has faced persistent resistance, with fading momentum and rising macro risks clouding short-term price action. Market-wide conditions haven’t helped either. Both Bitcoin and Ethereum have stalled below key resistance zones, failing to spark a broader rally in altcoins. This hesitation has intensified uncertainty, with some analysts calling for a deeper retracement in SOL if market leaders continue to slide. However, others remain optimistic that Solana could soon turn the tide. A key signal for Solana has emerged, with analyst Martinez reporting that the TD Sequential indicator printed a buy signal on the daily chart. Historically, this indicator has been a reliable precursor to significant local bottoms and bullish reversals, particularly when seen near strong support levels. With SOL recently experiencing a selloff and now stabilizing, this signal underscores the growing bullish potential. For now, Solana’s ability to hold above $145 will be key. A bounce from this level, combined with improving sentiment across large-cap assets, could trigger a fresh push toward $160 and beyond. If confirmed, such a move would signal that SOL is regaining strength and ready to retest higher resistance levels in the weeks ahead. Related Reading: Ethereum Stabilizes After Market Drop – Key MA Reclaim Could Trigger A June Rally SOL Retests Support After Prolonged Correction Solana (SOL) is trading at $148.44 after attempting a modest rebound from its recent local low near $145. The daily chart shows that SOL has lost momentum since peaking above $180 in late May, marking a 20% correction. Price is now holding just above the 100-day moving average (144.68), a key technical level that previously acted as support during consolidation phases. The 50-day and 34-day moving averages are now trending downward, with the 50-day SMA around $159.33 and the 34-day EMA near $159.35 — both acting as dynamic resistance. Meanwhile, the 200-day SMA remains higher at $177.49, reinforcing the presence of a strong overhead supply zone between $160 and $180. Despite the bearish pressure, volume has remained relatively muted during the recent drop, suggesting that panic selling hasn’t taken over yet. If SOL manages to hold above the $144–$145 region, this could form the base for a rebound, especially if broader market sentiment improves. Related Reading: Ethereum Mirrors Bitcoin 2020 Breakout Setup – Historic Run Incoming? A daily close back above the 34-EMA could open the door for a recovery toward $160. However, a breakdown below $144 could trigger further downside toward the March lows. For now, SOL remains at a technical crossroads, with short-term direction hinging on the next few candles. Featured image from Dall-E, chart from TradingView

Solana (SOL) is currently navigating a challenging environment as the broader crypto market experiences a cooldown. After an impressive run earlier this year, momentum has slowed significantly, and SOL is struggling to reclaim the $160 level with conviction. The lack of strong demand has been evident in recent sessions, as buying pressure fades and volume remains low across major altcoins. Related Reading: Ethereum Consolidates Against BTC – Altseason Hopes Hinge On ETH/BTC Breakout Despite this cooling phase, many investors remain optimistic. A growing number of market participants believe Solana could lead the next altseason once conditions stabilize and liquidity returns to the market. Historically, SOL has shown the ability to recover rapidly and outperform in bullish phases, making it one of the top contenders for explosive upside when sentiment shifts. However, in the short term, caution prevails. Top analyst Carl Runefelt has highlighted a key technical development, noting that Solana might be on the verge of breaking a horizontal support zone. This event could trigger further downside in the near term. If this support fails, traders should prepare for increased volatility. Still, the broader consensus remains that SOL’s structural strength and ecosystem development position it well for long-term upside once macro conditions align. Solana Faces Bear Flag Breakdown Risk As Uncertainty Grows Solana has been locked in a tight range just below the $160 mark, struggling to reclaim key levels despite multiple attempts. For several days, momentum has faded, and with global markets under pressure, traders are bracing for increased volatility. The broader crypto market is losing steam as Bitcoin and Ethereum fail to sustain upward moves, which puts added pressure on altcoins like Solana. Geopolitical tensions between the U.S. and China continue to weigh on investor sentiment, with ongoing tariff disputes and rising bond yields fueling macroeconomic uncertainty. The US bond market, in particular, is flashing signs of stress, adding to the caution in risk-on assets. If these conditions persist, altcoins may face a challenging period as capital retreats to more stable assets like Bitcoin or exits the market altogether. Runefelt recently highlighted a key technical pattern on Solana’s chart—a bear flag forming around horizontal support. According to his analysis, this structure could break down any hour now, which would confirm the bearish setup and potentially send SOL down toward the $142 level. This target aligns with previous support zones and could act as a temporary bottom if the broader market stabilizes. Despite the short-term risks, long-term sentiment around Solana remains cautiously optimistic. The network’s continued development and strong DeFi presence could fuel a recovery once market conditions improve. For now, however, traders are closely watching the $160 resistance and the $150–$152 support area, which could determine the next directional move. A clean break below support would likely trigger a wave of selling, while a reclaim of the $160 level could invalidate the bearish setup and open the door for a bullish reversal. Related Reading: Solana Analyst Sets $300 Target – Can Bulls Sustain A Rally? SOL Tests Key Support As Bearish Momentum Builds Solana (SOL) is currently trading at $152.62 on the 4-hour chart, testing a critical horizontal support zone as bearish momentum continues. The recent price action shows a clear downtrend, with lower highs and lower lows forming since the rejection from the $176–$180 area in late May. All key moving averages—34 EMA, 50 SMA, 100 SMA, and 200 SMA—are positioned above the current price, signaling short-term weakness and a lack of bullish momentum. Volume has picked up slightly as price nears support, suggesting increasing market interest at this level. However, the failure to break above the 34 EMA (currently at $157.70) reinforces the view that sellers are still in control. The flattening 200 SMA at $165.31 and declining 50 SMA around $159.82 indicate that SOL must reclaim the $160–$165 zone to regain strength. Related Reading: Ethereum Daily Chart Signals Strength Amid Market Uncertainty – Analyst If the $150–$152 support range fails to hold, Solana could break down and target the next key support area around $142, in line with the projected move of the bear flag pattern identified by analysts. For now, bulls must defend this level to prevent deeper losses and keep hopes of a recovery alive in the near term. Featured image from Dall-E, chart from TradingView

Solana (SOL) has remained under the radar in recent weeks, with market attention primarily centered on Bitcoin and Ethereum. While the broader crypto market digests recent volatility, SOL has been quietly consolidating just below key resistance. This silence, however, might not last much longer. Top analysts are starting to turn their focus back to Solana, suggesting that a powerful move could be brewing. Related Reading: Ethereum Bulls Defend Support – Key Indicator Hints At Short-Term Rally According to analyst Bluntz, the recent price action in SOL is showing promising signs. He notes that after sweeping the lows, Solana is now working on a reclaim of support — a classic bottoming pattern that often precedes a strong rebound. Although it’s still early days, this reaction could lay the foundation for a sharp rally if SOL manages to break back above the $160–$165 range. The sentiment echoes a broader belief among market watchers that Solana could become a major leader in the next leg of the altseason, especially if Ethereum breaks out from its current resistance. As bullish structure builds and technical indicators begin to align, the setup for SOL appears to be quietly strengthening, making it a key altcoin to watch in the coming weeks. Solana Setup For Breakout Remains Strong Solana (SOL) has been on a consolidation path over the past few weeks, struggling to reclaim the $180 resistance level. After peaking in early May, SOL has retraced steadily, now trading around the $150 range as it searches for renewed demand. This retracement aligns with a broader market pullback, as global tensions — especially surrounding US–China tariffs and rising interest rates — inject volatility and caution into financial markets. Despite the current slowdown, analysts remain optimistic about Solana’s medium-term outlook. Top trader Bluntz recently shared that SOL’s reaction after taking the lows is promising. According to him, the altcoin is now working on a reclaim of support, which could be the precursor to an aggressive rally. The key lies in whether Solana can push back above the $180 zone — an area of heavy supply that has repeatedly rejected bullish momentum. If SOL does manage to flip this level into support, the price structure suggests there’s ample room for a sharp breakout. The setup aligns well with rising calls for an altseason, particularly if Bitcoin dominance continues to roll over and Ethereum confirms a breakout above its multi-month resistance. In this scenario, Solana could emerge as one of the leading assets in the next crypto leg up, given its strong developer ecosystem, scalability, and growing DeFi sector. While current price action remains neutral to slightly bearish, a reclaim of $180 would likely flip sentiment quickly and attract fresh capital. As market focus shifts from major caps like BTC and ETH, SOL could be poised to capture the spotlight — and potentially lead the next altcoin rally. Related Reading: Solana Flashes Buy Signal – $159 Support Key For Rebound SOL Tests Key Support As Price Action Stalls Below $160 Solana (SOL) is currently trading at $154.47 after losing the $160 support, facing continued pressure following its rejection from the $180 resistance level earlier in May. The chart shows that SOL is now hovering just below the 34-day EMA and the 50-day SMA, indicating a breakdown in short-term bullish momentum. Volume has also decreased, signaling hesitation from both buyers and sellers amid broader market uncertainty. The 200-day moving average at $179.73 remains the major resistance level to reclaim in order to resume a bullish structure. Meanwhile, the zone between $150 and $156 is now acting as a critical demand area. A sustained close below $150 could open the door for deeper corrections, possibly toward the $140-$130 range, which aligns with previous consolidation levels in April. Related Reading: Ethereum Daily Gas Usage Hits New Highs – Real Demand Powers ETH Growth Despite the current weakness, the longer-term trend remains neutral-to-bullish as long as Solana holds above the 100-day SMA around $144.58. If SOL can consolidate and reclaim the $160–$165 region, it could trigger renewed upside momentum and challenge the $180 level once again. Analysts remain cautiously optimistic, with some expecting a rebound if market conditions stabilize and altseason momentum picks up in the coming weeks. Featured image from Dall-E, chart from TradingView

Solana is trading at critical levels after weeks of strong price action and tight consolidation around current prices. Following an impressive 80% rally from its April lows, SOL is now testing a key horizontal resistance zone that could decide whether the uptrend continues or stalls in the short term. The recent consolidation has allowed the market to cool off while keeping the bullish structure intact—an encouraging sign for traders watching for a continuation move. Related Reading: Bitcoin Liquidity Builds At $105K Level – Sweep Before New Highs? Top analyst Jelle shared a technical analysis highlighting that Solana is now retesting a significant horizontal level that previously acted as resistance. A successful flip of this level into support could provide the momentum needed to push toward new local highs and potentially open the door to a full recovery rally. While overall market sentiment remains cautious amid broader macro uncertainty, Solana’s recent strength stands out among altcoins. Its ability to hold above key support during periods of volatility has positioned it as one of the better-performing assets in the current market cycle. If bulls maintain control and volume returns on the next breakout attempt, Solana could be gearing up for another leg higher in the days ahead. Solana Consolidates As Market Eyes Bullish Expansion Solana is currently consolidating just below a critical resistance level—the last major barrier before a potential breakout toward the weekly range highs. After gaining over 80% since its April lows, SOL is showing remarkable strength compared to most altcoins. However, the broader market remains on edge, as Bitcoin continues to trade just below its all-time highs, leaving investors uncertain about the potential for a correction. Despite this uncertainty, momentum across the crypto market suggests that the recent rally may be more than just a short-term bounce. Many analysts believe this could be the beginning of a larger bullish phase, one that carries significant upside if key resistance levels are cleared. Solana’s current consolidation is taking place directly under a major technical ceiling—if bulls can reclaim this zone, the path toward much higher prices opens quickly. Jelle echoed this view in a recent post, highlighting the importance of the $190 level. According to his analysis, “Above $190, all bets are off.” Reclaiming that resistance would likely confirm a breakout and shift sentiment decisively in favor of the bulls. It would also place Solana back on track to retest its all-time highs. For now, SOL is holding its ground while the market waits for Bitcoin’s next move. If BTC confirms strength and Solana breaks above $190, it could mark the beginning of a new wave of bullish price action, not just for SOL, but for the broader altcoin market as well. The coming days may be pivotal. Related Reading: Bitcoin Profit-Taking Remains Healthy – Data Shows No Signs Of Overheating Technical Details: Price Testing Key Moving Average Solana (SOL) is trading at $177.30, consolidating just below a key resistance level around $181, marked by the 200-day SMA. The daily chart shows that after a strong impulse rally from the April lows, SOL has entered a tight consolidation phase, forming a potential base for the next leg higher. The 34 EMA ($162.95), along with the 50 and 100 SMAs, are all trending upward and stacked in bullish alignment below the price, supporting the overall bullish structure. This indicates that the recent move is supported by strong trend momentum and healthy pullback dynamics. Volume has decreased slightly during the consolidation, which is typical during a pause before a potential breakout. However, the 200-day SMA continues to act as resistance, capping price advances multiple times over the last few days. A clean break and daily close above $181 could confirm the continuation of the uptrend and open the path toward the $200–$220 range, which aligns with the weekly range highs. Related Reading: Tron Bulls Regain Control – On-Chain Data Shows Fresh Buying Pressure Until then, SOL remains in a neutral-to-bullish setup. Holding above $170 and keeping pressure on $181 will be critical for bulls to maintain control. If BTC stabilizes or rallies, Solana could be one of the first major altcoins to break higher. Featured image from Dall-E, chart from TradingView

Solana (SOL) is once again in the spotlight, as a market analyst has forecasted a massive rally that could propel the token’s price to new All-Time Highs (ATHs) by late 2025. The prediction suggests a staggering 140% surge from current levels toward a bold price target of $420 and beyond. Solana Prepares For Parabolic Move Toward $420 A fresh chart analysis shared by a TradingView crypto analyst, Master Ananda, reports that Solana has completed a textbook rounded bottom pattern, indicating a bullish reversal to new ATHs. Notably, the analyst forecasts that SOL is gearing up for a parabolic surge to $420, emphasizing that this bullish projection is not the cryptocurrency’s final target.  Related Reading: Analyst Tells Investors To Be Patient As Solana Price Hits Resistance The analysis, as stated earlier, is based on the formation of a rounded bottom pattern, which has been developing since early 2025. This pattern has now transitioned into a breakout structure, with the Solana price reportedly holding firm above the $160 support line — a level considered the baseline of the rounded bottom and a psychological stronghold for the market.  Notably, Solana faced a strong rejection at a key resistance area on May 23. However, despite the pullback, Master Ananda emphasized that the price action remains resilient, suggesting that bullish momentum is still intact and the dip has not altered the altcoin’s positive long-term outlook in the months ahead.  In addition, Solana also dropped to a low on May 19, marked by the blue line on the price chart. Despite this, the analyst strongly asserts that there is “absolutely no bearish action” on the current chart.  As long as the $160 level holds, the current trend is likely to accelerate toward higher Fibonacci resistance levels, culminating in the 1.618 extension at around $419.78. This bullish target would represent approximately 140% growth from the current price of around $178 and would place Solana at a new all-time high.  Interestingly, Master Ananda noted that even if Solana falls below the key support level, it would be of little concern. Such a move would likely signal a market shakeout or a bear trap rather than a pullback or an invalidation of Solana’s bullish thesis. This view stems from the belief that SOL’s bullish bias has already been confirmed, positioning the market for potential strong growth over the long term.  The key point of Master Ananda’s analysis is that Solana’s rise is expected to be sudden and powerful, leaving those on the sidelines regretting missed opportunities. As the market matures and liquidity improves following Bitcoin’s steady rise, the sharp upside potential for Solana could unfold much quicker than anticipated.  Macro Catalysts Align For Massive Crypto Growth While explaining his bullish case for Solana, Master Ananda revealed that changes in macroeconomic factors could become a catalyst for astonishing growth in the crypto market. With the US Federal Reserve (FED) expected to initiate interest rate cuts in the coming months, the broader risk-on environment is set to benefit the crypto sector significantly. Related Reading: Solana Rebound To $900 Is Coming, But This Resistance Stands In The Way The analyst suggests that Solana’s current price levels, while not at absolute lows, still represent a significant buy zone. Master Ananda revealed that Solana’s potential is substantial, and as the next bull cycle gains momentum, $300 will no longer be seen as expensive. Before this happens, Master Ananda has stated that investors “should be fully invested and buy like it’s the end of the world”. Featured image from Adobe Stock, chart from Tradingview.com

Solana (SOL) is beginning to show signs of renewed strength as technical indicators hint at a potential breakout. On the weekly chart, the MACD is curling up and has recently crossed above the signal line, a bullish signal that often precedes major price movements. With momentum slowly building, traders are now watching closely to see if this shift marks the beginning of a larger rally. Momentum Builds For A Possible Solana Breakout In a recent X post, market analyst Willjayducks drew attention to a significant bearish divergence that unfolded on the Solana weekly chart. He pointed out that as the price surged into its blow-off top, the RSI and MACD indicators showed weakening momentum. This divergence between price action and momentum indicators is a classic technical pattern that typically precedes sharp corrections. Related Reading: Solana Flips Bullish: Price Climbs Above Ichimoku Cloud With Strong Momentum Following this setup, Solana experienced a steep decline, shedding approximately 67% of its value in just 84 days. According to Willjayducks, this dramatic drop suggests the bearish divergence has “arguably played out,” implying that the correction phase may be nearing its end.  He further elaborated that the MACD is now curling upward and has recently crossed above the signal line. This crossover suggests that the recent downward pressure may be easing, setting the stage for a potential recovery. According to his analysis, if SOL can gather enough strength and sustain its current upward momentum, the MACD line could eventually cross above the zero line, a more definitive bullish signal that typically confirms a shift in trend. Should this scenario unfold, the analyst believes Solana may be poised to push toward new highs, reigniting interest among traders and investors. However, he also noted a word of caution: if or when this bullish breakout occurs, he’ll be closely monitoring the chart for any emerging signs of bearish divergence, which could once again hint at an overheated market. Bearish Outcome Still On The Table In the climax, the analyst mentioned that there is still a chance things just fizzle out here and continue into a bear trend. Despite recent bullish signals and technical improvements, he cautioned that the current momentum might not be strong enough to sustain a full reversal.  Related Reading: Solana Short-Term Indicator Signals Potential Risk – Reversal Or Pause? While price action may stall, leading the market back into a prolonged period of downside movement, Willjayducks emphasized that all we can do for now is watch price action closely and plan for all scenarios. Whether the market pushes higher or fades into weakness, he advised staying alert and adaptable. Featured image from Adobe Stock, chart from Tradingview.com

Solana is trading at a critical level as the broader crypto market consolidates below key resistance zones. After an impressive 90% surge since early April, SOL has experienced a modest pullback, sparking speculation that this may be the final dip before a significant move higher. While many assets are struggling to maintain momentum, Solana has shown remarkable strength and resilience, bolstering bullish expectations. Related Reading: Dogecoin Momentum Fades – Analyst Expects $0.213 Retest Top analyst Cas Abbe shared a technical view suggesting that the long-term bullish structure for Solana remains firmly intact. According to Abbe, last month’s retest of the multi-year trendline marked a pivotal moment for the asset, reinforcing support and resetting sentiment for a potential continuation. Since the bounce from that level, SOL has continued to climb steadily, and many now believe that Solana is gearing up for another leg up. With fundamentals improving and historical patterns pointing to renewed upside, the market is watching closely. A successful reclaim of nearby resistance levels could be the trigger that drives Solana back toward its previous all-time high—and potentially beyond. For now, SOL holders are eyeing this consolidation phase as the calm before the storm. Solana Holds Critical Support As Market Eyes Bullish Continuation Solana is testing a crucial demand zone around the $165 level, attempting to establish a foundation for its next major move. This range has become a key battleground between bulls and bears, especially as broader market sentiment is shaped by Bitcoin’s struggle to push past its all-time high. With BTC stalling just below $109K, uncertainty clouds the outlook for many altcoins, including SOL. However, Solana continues to show signs of relative strength. Despite recent pullbacks, the overall trend for Solana remains bullish. According to Abbe, the asset’s multi-year uptrend remains intact. Last month, Solana successfully retested its long-term trendline, which Abbe believes marked the bottom of the recent correction. Since that bounce, SOL has surged over 50%, demonstrating strong investor confidence and solid underlying momentum. Abbe maintains that the $290 high seen earlier was not the final peak for Solana, projecting a new all-time high sometime in 2025. His bullish thesis is supported by improving fundamentals across the Solana ecosystem, including rising developer activity, growing DeFi participation, and increasing on-chain usage. Related Reading: Range-Bound Ethereum Sees Volatility – High Timeframe Levels Hold The Key SOL Price Analysis: Holding The Line Before A Big Move Solana (SOL) is currently trading at $167.76 after a sharp rally in early May that pushed the price above both the 200-day EMA and 200-day SMA. The chart shows SOL climbing over 90% since its April low, confirming bullish momentum and renewed interest across the market. However, the price is now stalling just below the 200-day SMA at $181.03, which is acting as dynamic resistance. The key support lies near the 200-day EMA at $162.55. As long as SOL holds this level, the short-term structure remains bullish. A clean break above the $181 level would open the door for a move toward the psychological $200 mark and potentially higher. But if bears regain control and price breaks below $160, the uptrend could be in jeopardy. Related Reading: Chainlink Struggles At Key Resistance Level – $10 Support Back In Focus Volume has decreased slightly since the early May breakout, hinting at possible exhaustion or consolidation before another leg. Traders are closely watching for confirmation — either a breakout above $181 or a breakdown below the EMA. Featured image from Dall-E, chart from TradingView

Solana (SOL) has reclaimed crucial levels amid its price rally, recording its highest range in months. However, as the market’s recovery takes a pause, the cryptocurrency has hit a key level that could propel or delay its surge to new highs. Related Reading: Chainlink Struggles At Key Resistance Level – $10 Support Back In Focus Solana Rally Faces Key Barrier Solana’s price has significantly surged over the past several weeks, recovering from April’s pullback and breaking out of its downtrend. After its January all-time high (ATH), SOL retraced up to 63%, hitting a 14-month low of $95 last month. However, Solana climbed above some crucial ranges during the late April market recovery, reclaiming the $140 resistance as support for the first time in two months. Since then, the cryptocurrency rallied nearly 30% to the $180 mark, recording a three-month high of $183 last week before retracing to the $170 support. Crypto Trader Mercury noted that Solana reached a “very HTF infection point,” which could send the cryptocurrency’s price to new ATHs again if reclaimed. However, the market slowdown has stalled SOL’s rally, with its price falling to the $165-$170 range over the weekend. After its recent performance, the trader added that SOL was rejected from the key inflection point “just enough to allow for a retest of the same trend that got us here in the first place.” Based on this, he considers that reclaiming the $180 mark and eventual breakout to news ATHs is on the horizon, “as long as that 4H 200MAs trend holds.” Meanwhile, analyst Cas Abbé pointed out that Solana’s multi-year trend remains intact despite the recent pullbacks. As he explained, the cryptocurrency is over 50% up from its multi-year ascending trendline retest, seemingly marking the bottom for Solana. The analyst considers that SOL January ATH could not be the top, and another record-breaking rally could come this year. Similarly, trader Coinvo highlighted the ascending trendline, “If SOL continues to hold this trendline, it’s going much higher!” SOL eyes $200 Breakout Over the weekend, analyst Rekt Capital asserted that Solana has broken into its Post-Halving Re-Accumulation Range on the monthly timeframe, successfully retesting the $120-$135 range as support over the past couple of months. This key higher timeframe retest propelled the cryptocurrency to revisit the $165-$175 range’s high. However, he explained that Solana must break above the upper boundary to confirm a breakout and continue ascending, which it failed to do during last week’s close. SOL also must break and retest the upper boundary as a new support with a Weekly Close above this mark to exit the key range. Additionally, the analyst pointed out that previous performance suggests a price breakout could happen. Related Reading: Dogecoin On The Edge: Major Breakout Or Breakdown Imminent? According to its Q4 2024 price action, if Solana builds a base around the Range high’s resistance, there’s a high chance for the price to rally. The analyst added that a successful breakout from this zone could send SOL’s price to the $200-$210 mark. “SOL simply needs stability here at the Range High resistance, as that would telegraph that this is an area that is becoming support,” Rekt capital concluded. As of this writing, Solana trades at $165, a 3.1% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

According to GemXBT on an X post, the Solana chart shows a promising recovery after a recent downtrend, with the price bouncing off a key support level around $168. This price action suggests that SOL has found a solid foundation at this support zone. Support levels like this are important in technical analysis, as they indicate areas where buying interest may be strong enough to halt a decline. A sustained bounce from this level could attract more buyers, fueling further upward momentum and setting the groundwork for a stronger rally in the coming days.  Solana Rebound Sparks Hope For A Renewed Rally GemXBT has observed that SOL is currently trading above the 5-day and 10-day moving averages, which is a key indicator of bullish price action. When an asset’s price remains above these moving averages, it suggests that the market sentiment is positive and that the asset could continue to trend upward.  Related Reading: Solana Price Rally Targets $360—But This Support Must Hold Additionally, a bullish crossover in the MACD has been noted, which further confirms upward momentum. The MACD crossover occurs when the MACD line crosses above the signal line. This is a widely recognized technical signal that suggests the market may continue to favor the bulls, supporting the case for more gains in SOL’s price. At the same time, the RSI is approaching neutral levels, suggesting that there is still room for movement in either direction and that the indicator is not yet in overbought or oversold territory. This neutral reading gives Solana the chance to build on its renewed bullish momentum without facing immediate resistance from overbought conditions. However, the key resistance for SOL is near the $180 level, which could present a hurdle for the ongoing rally. This price point will likely be an area where sellers may re-enter the market, potentially halting or slowing down the upward performance. A Broadening Wedge On The SOL’s 4-Hour Chart Whales_Crypto_Trading recently shared an insightful analysis on X, noting that Solana is approaching a key breakout point from a broadening wedge formation on the 4-hour chart. This chart pattern, characterized by fluctuating highs and lows, suggests that the market is experiencing increased volatility and that a decisive price movement is imminent.  Related Reading: Solana (SOL) Over $150 — More Upside on The Horizon? The broadening wedge typically precedes a breakout, and Whales_Crypto_Trading highlights that the likelihood of an upward breakout is growing. If the price breaks above the upper boundary of the wedge, it could signal the start of a strong rally. When this happens, the analyst suggests that it might trigger a significant uptrend, pushing the price toward key resistance levels at $215, $228, $243, and $265. These levels represent crucial targets where the price may face challenges, but a successful breach of these zones would pave the way for further upward movement. Featured image from Adobe Stock, chart from Tradingview.com

Solana’s 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” in Wednesday trading, the highest daily close recorded since mid-February. Against that backdrop, independent analyst More Crypto Online (MCO) released a fresh video update outlining why the move is technically “very full but not necessarily overextended or overstretched.” In the clip, MCO reiterates that the advance from the 30 April swing low traces out “a five-wave pattern” and stresses that, because “there was no confirmed top, one more high was still likely especially as long as this micro-support area held.” The micro zone he referenced earlier in the week lay between $159.67 and $168.23, a range Solana tested briefly before powering higher. Solana Could Surge To $360 Zooming in, the channel’s Elliott-wave count now shows five clean waves even on what MCO calls “the nano level,” a configuration that, in classical wave theory, typically finishes either an impulsive first wave or the terminating leg of a diagonal. “If it’s a five-wave move, it can be a so-called A-wave,” the analyst explains, which would “result in a B-wave, ideally a higher low, and then a C-wave up.” The alternative—and MCO’s preferred scenario—treats the structure as wave 1 of a much larger impulse that could ultimately “easily get to $360 or higher.” Related Reading: Solana Network Activity Grows As 11M Wallets Now Hold 0.1 SOL Or More – Analyst 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 “the next upside level to watch,” describing it as the 61.8 percent extension of waves 1 and 3—a textbook Fibonacci target for a fifth wave. On the downside he warns that “it takes a break below $172, which is the last swing low, to indicate that a price top has formed in wave 1.” In a follow-up post on X he put it even more succinctly: “5th wave to the upside is confirmed. $191.25 is the next upside level to watch … it takes a break below $172 … to indicate that a price top has formed.” Related Reading: Solana Rallies Into Pivotal Zone – $180 Level Could Define Next Move 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. As ever, traders should remember that Elliott-wave projections are probabilistic rather than predictive. With volatility historically elevated in Solana, position sizing—alongside a clear plan for the two technical levels singled out in today’s analysis—remains the first line of defence. At press time, SOL traded at $180. Featured image created with DALL.E, chart from TradingView.com

Solana (SOL) has officially broken above the Ichimoku Cloud on the daily chart, a key technical signal that often marks the beginning of a bullish trend reversal. After weeks of sideways movement and uncertainty, this decisive breakout suggests that momentum is finally shifting in favor of the bulls. While confirmation from volume and follow-through price action is still needed, the technical outlook is becoming increasingly optimistic. Solana Ichimoku Breakout And Momentum Check Solana’s breakout above the Ichimoku Cloud is more than just a technical checkpoint; it marks a critical shift in its market structure and trader sentiment. This breakout represents a move from uncertainty to confidence, as buyers begin to gain the upper hand after a period of consolidation and hesitation. Related Reading: Solana At A Crossroads: Consolidation Before The Next Major Surge? So far, momentum indicators are leaning bullish, providing early signs that Solana may be entering a new upward phase. One of the most notable signals comes from the Moving Average Convergence Divergence (MACD), which has recently made a positive crossover. Not only has the MACD line crossed above the signal line, but the two lines have now moved above the zero line. This double confirmation strengthens the signal significantly. When the MACD and signal lines rise above zero, it typically marks the transition from bearish to bullish territory, indicating that momentum is not just shifting but accelerating in favor of the bulls. However, a clear uptick in volume is essential for SOL to sustain and build on this breakout. Volume is what turns a breakout into a trend, and without it, upward momentum can quickly stall. If volume starts to pick up alongside continued price strength, it could ignite the next leg up, potentially pushing Solana toward key resistance levels. Key Levels To Watch Now As Solana begins to show signs of a bullish reversal, identifying and monitoring key price levels becomes essential for both short-term and long-term investors. These levels act as decision points where price action is likely to react, facing resistance or finding support. Related Reading: Solana Network Activity Grows As 11M Wallets Now Hold 0.1 SOL Or More – Analyst On the upside, it can be observed that the immediate resistance of $164 has been cleared, with SOL now attempting a move toward the $211 resistance level. A clean breakout above this area, especially backed by strong volume, would open the door for a rally toward the $240 mark. Beyond that, $260 remains a major resistance to watch, marking a key round number and prior rejection area. On the downside, $164 now serves as the nearest support following the recent breakout above the Ichimoku Cloud. Holding above this level is crucial to maintain the current bullish structure. A breakdown below it could drag Solana back to the $148–$118 support range, where buyers previously stepped in. Featured image from Adobe Stock, chart from Tradingview.com

Just like the rest of the market, the Solana price had previously hit a roadblock as resistance mounted. This stopped its recovery dead in its tracks before hitting the $180 level, and triggering a downward spiral. However, a crypto analyst has cautioned investors against panicking during this time, explaining that this is the time to be patient. Wait For More Defined Trends In a TradingView post, crypto analyst SiDec explained the current situation surrounding the Solana price, warning investors to not be in a hurry to enter into the coin. They points out that at this level, where the Solana price has hit resistance, it presents a lot of risk for those rushing to get into the market. Related Reading: Why The US-China 90-Day Tariff Slash Can Push Bitcoin Price Above $110,000 As explained, $175-$183 are historical resistance zones for the altcoin, so it is no surprise that investors are choosing these levels to exit after the recent market dump. Additionally, smart money is also looking for liquidity at these levels, and the Solana price is prone to false breakouts due to this development. When it comes to trading Solana, the crypto analyst explains that investors must wait for one of two things to happen. Either there is a pullback in the Solana price and it falls toward a “confluence-rich support zone” or wait for a clean breakout above the resistance at $183, as well as a retest and confirmation. With the current trend, the analyst identified the two key zones for the Solana price now. The first lies at $179.85, which was recently tested, and then $180.52, which is yet to be tested. The latter, at $180.52, holds the key as a break above this level would be the confirmation needed for a strong bullish continuation. Solana Price Completes Elliot Wave Count Another interesting development for the Solana price that the crypto analyst points out is the fact that the altcoin has completed a 5-wave sequence. The Elliot Wave Theory comes in only five waves and with the completion, it could mean that the bull rally is over for the Solana price. The next thing that could happen from here is that the price continues to correct, before confirmation leads to a bullish continuation. Related Reading: Bitcoin Price Targets $110,000 All-Time High After Consolidation Trend Ends The formation of the Fib Speed Fan pattern, as pointed out by the analyst, also suggests that the price could correct further from here. “The 0.618 Fib Speed Fan — drawn from the all-time high at $295.83 to the swing low at $95.26 — aligns perfectly with this resistance zone, adding more weight to the idea of a potential rejection or pause,” the analyst wrote. Given these developments, the crypto analyst has preferred possible entry points for long ad short positions. For bulls going long, the $165.42-$164.25 level could offer opportunity. While for short traders, the best setup shows a reversal play and entry at $200. Featured image from Dall.E, Chart from TradingView.com

Solana has rallied more than 22% since last Thursday, riding the wave of renewed bullish momentum across the broader crypto market. As Bitcoin pushes toward all-time highs and Ethereum breaks key resistance levels, Solana has followed suit with impressive strength. The price surged to a local high of $181 before encountering resistance, where it now consolidates just below that mark, searching for support to fuel the next leg higher. Related Reading: Ethereum Hits Major Level After Biggest Weekly Candle In Years – What Comes Next? While price action cools at a pivotal level, on-chain data shows significant growth in Solana’s user base. According to Glassnode, the number of wallets holding 0.1 SOL or more has surged to 11.04 million in the past two weeks. This rapid increase in smallholder wallets points to a rising wave of adoption and network participation, particularly as interest in altcoins intensifies. Solana’s consolidation just under $181 may act as a healthy pause before a continuation if bullish momentum persists. With the market heating up and retail interest returning, the current price structure could offer the foundation for a strong breakout in the coming sessions. The combination of price performance and rising user engagement suggests Solana may be positioning for a larger role in the next phase of the bull cycle. Solana Holds Key Support As Wallet Growth Signals Optimism Solana is now facing a crucial test as it consolidates just below the $181 resistance zone. After a sharp 22% rally over the past week, bulls must defend current levels to validate the uptrend and sustain momentum. Holding above the $170–$175 support range would confirm strength and could pave the way for a renewed push toward the $200 level. However, the path forward isn’t without risk. The broader macroeconomic environment remains fragile, with persistent fears of a global slowdown and continued uncertainty around inflation and interest rate policy. Despite these headwinds, the crypto market is staging a powerful recovery, and Solana is among the top performers. This rally may be more than just a short-term bounce—it could mark the early stages of a larger bullish phase with significant upside potential. Investor sentiment is improving, and so is user engagement across key ecosystems. Top analyst Ali Martinez shared compelling on-chain data that reinforces this perspective. According to Glassnode, the number of wallets holding 0.1 SOL or more has surged to 11.04 million over the last two weeks. This rapid growth in smaller holders suggests growing retail interest and a widening user base—critical indicators for long-term strength. If bulls can maintain control at current levels and macro conditions don’t worsen, Solana could be poised for a major move. The combination of technical momentum and on-chain engagement provides a strong foundation for the next leg higher. All eyes are now on whether the $181 resistance breaks—or if Solana needs more time to build strength before the next phase of the rally begins. Related Reading: Ethereum Recovery Gains Strength: Massive Comeback Above Key Support Solana Faces Resistance As Price Pulls Back To Retest Support Solana (SOL) is consolidating just below the $181 level after a strong 22% rally from last week. As shown in the chart, price action surged above both the 200-day EMA ($161.88) and 200-day SMA ($181.11), signaling renewed bullish momentum. However, the current pullback from $180 to around $173.48 shows that the $181 level is acting as a key resistance, which has previously served as a rejection zone multiple times in the past. Volume remains healthy, and the recent move shows strong market participation, but bulls now need to hold the $170–$172 range to maintain control. A successful retest of this area as support could set the stage for a breakout above $181. Failing to hold above this zone, however, could trigger a correction back to the $160–$165 region, near the 200 EMA. Related Reading: HYPE Bulls Regain Control After Sharp Recovery – Approaching Yearly Highs? Technically, SOL is attempting to break a multi-month downtrend and is forming a higher high structure for the first time since late December. The convergence of the moving averages suggests a pivotal moment. If buyers step in with conviction, a move toward $200 becomes likely. Until then, traders will closely watch the $181 level for a decisive breakout or rejection. Featured image from Dall-E, chart from TradingView

In an interview that spanned everything from macro-economics to meme-coin mania, veteran trader and Asymmetric founder Joe McCann laid out a forceful—but narrowly targeted—thesis: Bitcoin’s institutional flows can propel it to the high six-figure range, Solana is “the fastest horse” toward a mid-three-digit print, and Ethereum’s investment case is increasingly threadbare. Bitcoin To $400,000 McCann began by striking at one of crypto’s longest-lived touchstones. “It’s become clear to anyone who follows crypto that the four-year cycle is effectively dead,” he told host Scott Melker, arguing that traditional patterns of post-halving rotation have been overwhelmed by spot-ETF inflows and by what he calls an unprecedented “headline-driven market.” Those flows, he said, are only beginning. Sovereign wealth funds, pensions, and corporations are “hoarding Bitcoin the way they once hoarded gold,” but unlike bullion, the supply cap is immutable. With uncertainty indices at all-time highs and US trade policy setting the tempo of risk assets, McCann sees a probabilistic path toward enormous upside once “local maxima” on tariffs are understood. Related Reading: Bitcoin 6-Month Flight Plan To $188,000, Here’s The Roadmap “If Trump does deregulation, if he chills out on tariff policy, you could see Bitcoin actually rip two, three, four-hundred thousand dollars. It really is just a number. It’s more about the flows.” Pressed for timing, the CEO of Asymmetric would not anchor to a specific date, but he did outline the mechanics: reflexive price action in a thinly supplied market. Bitcoin, still a “fraction of the market cap of gold,” now trades in an environment where gold’s 40% year-to-date rally has revived the digital-gold narrative. A break of the Bitcoin-gold cross to the upside could lure capital away from bullion “simply because it’s easier to transport and censorship-resistant.” The implication is that a decisive break above the psychological $100,000 could accelerate quickly to the headline figure of $400,000 on ETF demand alone—particularly if the US administration moves ahead with initiatives such asUS President Donald Trump Strategic Bitcoin Reserve buys in a budget neutral way or Senator Cynthia Lummis’s proposal. Bitcoin To $400K, Solana To $420, Ethereum Not Worth Owning | @joemccann 0:00 Intro 2:27 Trump’s Impact on Markets 5:11 Crypto’s Massive Repricing 8:30 Gold vs Bitcoin 13:22 Bitcoin Correlation Debate 16:16 Digital Gold Future 19:06 Trump’s Crypto Influence 23:18 Meme Coins… pic.twitter.com/U52rvt39LL — The Wolf Of All Streets (@scottmelker) May 11, 2025 Where Are Solana And Ethereum Heading? If Bitcoin is McCann’s 70% core position, Solana is his high-conviction satellite. He credits the network’s throughput during last month’s Trump-branded meme-coin launch—“the chain did not suffer; it hummed right along”—as a proof-of-scale moment. Wallet abstractions such as Moonshot, and the migration of stable-coin flows from Ethereum, have in his view removed the UX friction that capped the last cycle. “When the most popular person on the planet launches a meme-coin on Solana, what does that tell you? We have infrastructure ready for mass adoption.” Related Reading: Sovereigns Are Buying Billions Of Bitcoin, Says Anthony Scaramucci With spot-Solana ETFs already live in Canada and US filings advancing, he projects that “given the fundamentals coupled with ETF flows… Solana’s got to be at least $420,” a figure he reiterated more than once. By contrast, McCann’s hedge-fund book carries only one structural short: ETH. He offered a blunt rationale: once-innovative technology, but an asset now “being cannibalized by its own L2s.” With gas averaging one cent, fee revenue is insufficient to reward holders, and institutional channels prefer tokens that either accrue protocol cash-flow or sit inside ETF wrappers—criteria he does not see Ethereum satisfying. “The asset is not worth owning,” he concluded. “Anytime Ethereum rips, usually take profits across the board on everything.” McCann doubts the return of the indiscriminate “alt-season” that characterised prior tops. Liquidity, he argued, has bifurcated into Bitcoin ETFs on one end and high-velocity meme-coin venues such as Pump.Fun on the other. Tokens in between must now defend themselves with “real protocol revenue, not just governance.” If they do, he foresees a coming wave of dividend-style crypto ETFs aimed at yield-hungry boomers; if they don’t, “most of them will trade to zero.” At press time, BTC traded at $104,528. Featured image created with DALL.E, chart from TradingView.com

Solana is gaining momentum once again, with price action pushing above the $175 level for the first time in weeks. The move comes as crypto markets roar back to life, fueled by Bitcoin’s push above $100K and Ethereum’s explosive rally past $2,500. Solana has surged more than 20% in the past week alone, signaling strong demand and a renewed bullish outlook from traders and investors alike. Related Reading: XRP Whales Are Back – 880 Million Tokens Accumulated This Month Top analyst Big Cheds shared a technical analysis revealing that Solana is now making a strong advance into a key spot—the underside of the daily 200 moving average (DMA). The asset is also approaching a lower high around the $180 mark, which previously acted as resistance during the last failed breakout attempt. Cheds notes that reclaiming this zone would be a significant win for bulls, potentially triggering a sharp continuation toward new highs. Market sentiment is turning optimistic across the board, and Solana’s technical setup reflects that shift. As price approaches the 200DMA, all eyes are on whether SOL can hold this momentum and break through key levels to join the broader market rally. The coming days will be crucial for confirming a full trend reversal. Solana Approaches Pivotal Level As Bulls Eye Breakout Solana is showing renewed strength after a clean breakout above the $160 resistance zone, a level that had capped price action for several weeks. The surge has brought SOL into a critical region that could act as a pivot point—either igniting a fresh bullish rally or marking a temporary top before a retrace. As global tensions between the US and China and broader macroeconomic uncertainties linger, the crypto market remains exposed to sudden sentiment shifts. However, recent price action in Solana, along with Bitcoin and Ethereum, suggests that investors are increasingly optimistic about a continued market recovery. Solana’s current structure reflects that optimism. The asset is now testing the underside of its daily 200 moving average, a level often viewed by traders as a trend-defining indicator. A successful push above this moving average would add further confidence to the bullish thesis. At the same time, Solana is approaching a lower high near the $180 zone, where the price was previously rejected in March. Cheds points to this convergence as a crucial area: a breakout here could mark the beginning of a larger reversal pattern. Still, risks remain. A rejection at the $180 level could reinforce resistance and trigger a pullback toward the $160 support, especially if macro conditions worsen or profit-taking sets in. For now, however, bulls appear to be in control, and the technical landscape supports a potential continuation—if momentum holds. Related Reading: Bitcoin 4H Chart Shows Bullish Consolidation – Classic Continuation? Technical Levels: Price Action Shows Strength Solana (SOL) is exhibiting strong momentum as it trades at $176.41, advancing toward a crucial resistance area around the $180 level. The daily chart shows that SOL has surged rapidly from April lows, breaking above both the 200-day EMA ($161.67) and approaching the 200-day SMA ($181.10), a key area that could determine the next major trend. This zone acted as support and resistance multiple times in the past, particularly during Q4 2024 and early 2025. Now, as price returns to this range, it becomes a potential pivot point. If bulls can sustain pressure and close above $181.10 with volume confirmation, it may trigger a continuation toward $200 and possibly retest February highs above $260. However, failure to break above this range could prompt a rejection and consolidation below the 200 SMA. Related Reading: Bitcoin Whale Entry Prices Diverge Sharply – Confidence Builds At Higher Levels Volume has picked up significantly over the last few days, indicating rising interest and participation from traders. This is a constructive sign as Solana attempts to reclaim higher ground. For now, the trend remains bullish, but eyes are on the $180–$185 resistance zone to confirm whether SOL has the strength to continue its breakout or faces a short-term pullback. Featured image from Dall-E, chart from TradingView

Solana is still facing a lot of resistance and it seems that the $200 target is getting harder to reach. This has been made harder by the bearish market winds, as well as declining participation from investors in online activities. As such, the Solana price is still struggling to stay above $150. However, given that there is starting to be a turn in the market sentiment toward the positive, the Solana price could be headed for a quick rebound. This is echoed by crypto analysts who have predicted that the altcoin still has room to run and one in particular suggests that new all-time highs are even possible. Why The Solana Price Is Turning Bullish Crypto analyst TradingShot has explained why the Solana price has been turning bullish recently. In a recent analysis, they explain that the rebound at the beginning of April has shown strength in the digital asset. This came as Solana bounced off the 1-Week MA200 at the start of last month, and this bullish start carried on to the end of the month. Related Reading: Last Chance For Polygon As Crypto Analyst Predicts MATIC Price Will Surge Above $1 Again With the momentum built up, the altcoin saw multiple weekly closes, and eventually closed out the month of April with another green weekly candle. This has set it on a path toward the next critical level, which lies at the 1-Week MA50 and follows the blue trend line at around $170, as shown in the chart below. This level is now the major point to break if Solana is to continue its bullish run in the month of May. The interesting thing about this level, as the crypto analyst explains, is that if the SOL price is able to surmount it, then it is expected to turn into support for the altcoin. Support at $170 would be quite bullish for the Solana price, serving as a possible bounce off point toward $200 once again. Targets From Here As stated above, the first thing is for the Solana price to actually test and break the blue trend line at $170. If this is successful and the bottom is in, then the next big target from here is the $350 level. The crypto analyst explains that this $350 target is the higher high of the wedge. Related Reading: XRP Price To Break Out Of Consolidation: The Next Moonshot That Will Lead To $3 Next, a clean break above $350 sets it on a clear path toward $900 as it sets higher highs. “Given that the recent 3-month correction was -67.23%, identical to the last correction (May 2021) of the previous Cycle, we expect one final rally to the 2.0 Fibonacci extension at $900, if the Higher Highs trend-line breaks,” TradingShot said. Featured image from Dall.E, chart from TradingView.com

In a recent update on X, analyst GemXBT highlighted that Solana (SOL) is moving within a consolidation phase, with the price hovering near the $147 level. The pattern indicates that SOL is coiling up, potentially preparing for a significant move once a breakout occurs. This period of sideways trading isn’t without significance. Historically, such consolidation phases can act as a prelude to sharp breakouts or breakdowns. Traders are now closely watching for volume spikes or candlestick signals that could hint at the next major trend. Current Market Context: Why Solana Consolidation Matters GemXBT emphasized that key support lies below the current price, around the $146 level, which has acted as a crucial buffer, preventing further declines and helping to maintain short-term stability. On the upside, immediate resistance is forming near $150, a level that has previously halted bullish advances. This resistance zone is now being closely monitored, as a breakout above it could trigger a stronger upward push. Related Reading: Solana (SOL) Holding Strong Above $150 — Breakout Zone In Play GemXBT further elaborated on the technical indicators that support SOL’s current consolidation outlook. He noted that the Relative Strength Index (RSI) continues to hover in the neutral zone, reflecting the prevailing market indecision.  This midpoint reading indicates that neither bullish nor bearish momentum is dominant at the moment, which aligns with Solana’s sideways price movement. The lack of an overbought or oversold signal suggests that a breakout in either direction is still on the table, making the coming sessions particularly crucial for confirming the next trend. In addition, GemXBT highlighted that the Moving Average Convergence Divergence (MACD) has recently formed a minor bearish crossover, which could be an early warning sign of building downward pressure. Although the signal isn’t strong enough to confirm a trend reversal yet, it does raise concerns, especially if the $147 support level fails to hold.  The Battle Between Bulls And Bears Based on GemXBT analysis, as Solana continues to consolidate between the $146 and $150 range, the market is at a crucial indecision point. After breaking out of the zone between $146 and $150, the next resistance to watch is the $164 level. If buyers are able to push the price past this barrier, it could pave the way for a rally toward the $211 level and beyond, marking a significant shift in momentum and market sentiment. Related Reading: Solana Price Enters Consolidation Trend Above $130 That Could End In A Breakout However, if bearish pressure intensifies and the $146 support gives way, it might trigger a sharper decline as sellers regain control. In that case, lower support areas such as $137 and $118 would come into play quickly.  With both Solana bulls and bears eyeing these pivotal levels, the next decisive move is likely to set the tone for SOL’s short-term trend. Featured image from Adobe Stock, chart from Tradingview.com

Solana has held strong above the $145 level, maintaining a bullish structure despite recent market volatility. However, bulls have failed to push decisively above the $155 resistance zone, a key level that could open the door to a broader rally. While the current price action favors buyers, the failure to break higher suggests that a retrace may be on the table if momentum continues to fade. Related Reading: Chainlink Flashes Daily Buy Signal – Breakout Next? Top analyst Jelle shared insights on X, noting that Solana’s monthly candle “is not looking too shabby.” According to Jelle, SOL took out all the consolidation lows and still managed to close the candle back above those levels—a positive technical signal suggesting resilience and potential continuation. Still, traders remain cautious, with many watching the $155–$160 area as the next big hurdle. A confirmed breakout above that zone could signal a move toward previous highs, while continued rejections might trigger a healthy correction into lower demand levels. With global markets still dealing with macroeconomic uncertainty, the next few sessions will be crucial for SOL. Bulls must act quickly to defend current levels and reclaim higher ground if they want to keep the trend in their favor. Solana At A Pivotal Level Amid Market Uncertainty Solana is currently trading at a critical level that could serve as a major pivot point for either a strong bullish recovery or a continuation of the broader bearish trend. While global tensions and ongoing trade conflicts between the U.S. and China continue to weigh on investor sentiment, recent market behavior hints at a potential bounce. The broader crypto market has shown signs of resilience, and Solana has been one of the standout performers. Since early April, Solana has climbed over 58%, recovering significantly from its local low near $95. This upward movement has helped shift short-term sentiment, but the price now faces a key test at the $160 resistance level. A clean break and hold above this zone could open the door for a larger rally, potentially taking SOL toward its previous highs. Jelle’s optimistic analysis highlights that Solana’s latest monthly candle is showing strength. According to Jelle, SOL took out all the consolidation lows and still managed to close the month back above them—typically a bullish sign. This sets the stage for a possible retest of the $240 level, a target that aligns with historical resistance and previous price action. However, failure to clear $160 could lead to renewed selling pressure, especially if global macro conditions worsen. For now, bulls must defend current levels and aim for a breakout to maintain momentum. Related Reading: Ethereum Consolidates Against Bitcoin – Dominance Shift On The Horizon? Crucial Test At $160 Resistance Solana (SOL) is currently trading at $147 after several days of struggling to break above the recent high of $157. Bulls have maintained control in the short term, but momentum appears to be fading as price action continues to stall below the key $160 resistance zone. This level remains a crucial barrier that needs to be reclaimed decisively to confirm a continuation of the uptrend. To sustain the bullish structure and avoid a deeper retracement, SOL must push through $160 and target the $180 level next. A successful move above this range would not only restore confidence but could also set the stage for a stronger recovery in the broader altcoin market. However, the longer Solana fails to break higher, the greater the risk of a pullback. If bulls lose momentum and selling pressure builds, a correction into the $130–$120 zone becomes increasingly likely. This area has previously served as a key demand zone and could offer support if tested again. Related Reading: Ethereum Shows 4H Bearish Divergence – Can Bulls Hold $1,750? For now, all eyes are on SOL’s ability to reclaim $160. The next few sessions will be critical in determining whether Solana resumes its upward trajectory or enters a consolidation and correction phase. Featured image from Dall-E, chart from TradingView

After reclaiming crucial levels, Solana (SOL) has been moving sideways within a key price range, with its next direction yet to be determined. However, some analysts suggest a breakout could kick-start a new bullish rally in the coming months. Related Reading: Monero (XMR) Price Jumps 50% Amid ‘Suspicious’ $330 Million BTC Transfer – Details Solana Moves Within Key Range Amid its 15% biweekly recovery, Solana, one of the leading altcoins of this cycle, has attempted to reclaim a crucial resistance after recovering the $140 support for the first time since late February. Earlier this month, the cryptocurrency fell to a 14-month low of $95 amid the market retraces, which saw Bitcoin (BTC) and Ethereum (ETH) retest key horizontal levels. Since hitting its $293 all-time high (ATH), SOL has retraced up to 63%, trading 50% below its January high at the time of writing. However, Solana climbed above some crucial ranges during the recent crypto market recovery. Over the past few weeks, the altcoin has successfully recovered the $120 and $130 support zones, breaking above the $140 resistance seven days ago, where the SOL price has been rejected since losing the level nearly two months ago. As a market watcher pointed out, Solana has been moving sideways, consolidating within the $145-$157 range for the past week. The trader noted that this range could decide SOL’s next direction, with a breakout above the upper boundary positioning the altcoin to retest higher levels. On the contrary ,if it breaks down this price range, the “next support level below at around $136,” which could also risk a drop to the $100-$120 support zones. However, Ali Martinez recently stated that Solana is forming a “textbook-perfect cup and handle pattern,” which could mark the start of a major rally for SOL. SOL Price Preparing For A Breakout? Analyst Alex from AMCrypto noted that Solana’s short-term downtrend is over after a recent breakout. He identified that SOL broke out of a seven-day falling wedge that formed within its current range, surging above the upper trendline on Monday. According to the analyst, “SOL could hit $170-$180 in the short term and most likely a new ATH by Q3/Q4,” based on its utility and demand. “It recently surpassed all other L1s and L2s combined in DEX volume, which shows its immense utility. Along with that, multiple companies are also raising funds to buy SOL, which will further add demand,” he explained. With the price attempting to hold the $150 mark, trader Lluciano_BTC considers the current level “a strong hold.” He highlighted that Solana’s uptrend “is only getting started” after breaking out of a multi-month falling wedge formation at the start of the month. Related Reading: Bitcoin To Explode To $210,000 This Year, Says Quant Powerhouse Presto According to the chart, SOL broke out of the pattern ahead of the sub-$100 correction, testing a key demand zone during the following pullback. After recovering the $120 mark, the altcoin has been in an uptrend, which eyes the $170 resistance as the next target. As of this writing, Solana trades at $149, a 1.1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Daily price action in the SOL/BTC pair is beginning to paint a sharply different picture from the one that dominated the first quarter, according to a chart shared on Sunday by veteran trader Josh Olszewicz. The one-day chart sets out a textbook inverse-head-and-shoulders (iHS) basing pattern that has been forming since early March and is now approaching the neckline around 0.00162 BTC. At the time of the screenshot, SOL was quoted at 0.001588 BTC. With bitcoin changing hands near $94,765, that places Solana at roughly $150 per coin. The anatomy of the pattern is hard to miss: a March 19 low at 0.00127 BTC ($120) forms the head, flanked by higher swing lows on March 11 left shoulder). The left shoulders is currently in the process of forming. The horizontal neckline aligns with the late-December floor that broke down in February, converting sturdy support into equally sturdy resistance. Measured from the head to the neckline, the amplitude is roughly 0.00033 BTC; a clean breakout would imply a technical objective near 0.00195 BTC—conveniently the lower boundary of the Kumo cloud’s far edge. Solana Bulls Have A Target The chart is overlaid with a long-look Ichimoku configuration (20/60/120/30). At the latest close the Tenkan-sen sat at 0.00150 BTC, the Kijun-sen exactly on the neckline at 0.00162 BTC, and Senkou Span A printed 0.001742 BTC while Span B held higher at 0.002159 BTC. The cloud itself remains bearish—thick, red and overhead—yet the span differential is beginning to compress, signalling waning downward momentum. A decisive push into the Kumo would trigger the classic Ichimoku edge-to-edge trade, targeting Span B at roughly 0.00216 BTC (about $205). Related Reading: Solana Will Face A Pivotal Moment In May – Bear Market Bounce Or Bull Market Dip? The bullish setup is occurring only two months after the market completed the mirror image of the same pattern. From mid-December to early-February, SOL/BTC carved out a prominent head-and-shoulders, lost the neckline in early February and cascaded directly to March’s iHs. That down-and-up symmetry gives extra weight to the current formation by demonstrating how faithfully the pair has respected classical geometry during the past half-year. “1D SOL/BTC – iHS + E2E at some point but not soon, probably late May,” Olszewicz wrote on X. The analyst’s caution reflects the fact that price is still beneath both the neckline and the Kijun-sen, and the Kumo does not thin materially until the final week of May. A premature break attempt risks rejection into a final right-shoulder retest near 0.00151 BTC ($143), which is also where the Tenkan-sen currently resides. Notably, the Chikou Span (lagging line) remains below price and cloud, emphasising that trend confirmation is pending; both Ichimoku purists and pattern traders could therefore agree that 0.00162 BTC is the line Solana bulls must flip decisively. Related Reading: Solana (SOL) Holding Strong Above $150 — Breakout Zone In Play If the edge-to-edge objective is achieved, SOL would add roughly 26 % against Bitcoin from present levels and reclaim ground last seen in early February. Should the neckline reject yet again, downside protection is thin until the twin shoulders at 0.00145–0.00148 BTC; a break of that shelf would invalidate the bullish thesis and reopen the March trough. For now, the market is content to coil beneath resistance while the clock ticks toward the cloud’s inflection. Whether Olszewicz’s late-May timetable proves prescient will depend on Bitcoin’s own trajectory and the broader risk environment, but the price structure on the Solana/Bitcoin chart is clear: after a bruising winter, the bulls finally have a pattern worth defending. At press time, SOL traded at $149. Featured image created with DALL.E, chart from TradingView.com

Solana is trading at critical levels after a volatile week that saw major surges across the crypto market. While the rally has sparked optimism, analysts remain sharply divided. Some believe this is just a healthy correction within a broader bull cycle, while others warn that the crypto market may have already entered a new bear phase. Related Reading: Ethereum Flips Key Resistance Into Support – Can Bulls Reclaim $2,000 Level? For Solana, the next few weeks are expected to be decisive. Top analyst Inmortal shared insights on X, highlighting that within the next 30 days, the market will likely reveal whether Solana’s latest recovery attempt is a simple bear market bounce or the beginning of a bull market dip and new expansion. As Solana holds above key technical levels, price action will be critical to determine sentiment. The stakes are high, especially as macroeconomic uncertainty, driven by global trade tensions and monetary policy shifts, continues to cloud the broader financial landscape. Investors should stay cautious, but alert. Solana’s next move could set the tone not just for its own trajectory, but for the altcoin sector as a whole heading into the summer months. The clock is ticking on this crucial phase. Solana Approaches Critical Level Amid Sharp Recovery Solana has rebounded sharply from its April 7 local low around $95, gaining an impressive 54% in just a few weeks. Bulls have regained momentum as Solana trades near critical resistance levels, with analysts calling for a potential push above $160 in the short term. However, despite this strong recovery, risks of a downside reversal remain high. Since January, Solana has been one of the hardest-hit major cryptocurrencies. It lost over 65% of its value during the most recent downtrend, highlighting the intense selling pressure and increased speculation across the broader market. While the recent rally is encouraging, many are questioning whether it marks the start of a new bullish phase or just a temporary rebound within a larger bearish trend. Inmortal’s insights emphasize that May will be a decisive month for Solana. According to him, “you can’t imagine how vital May is.” Over the next 30 days, the market is expected to reveal whether Solana’s recent strength represents a simple bear-market bounce or the beginning of a true bull-market dip that could lead to further gains. The coming weeks will be critical, and Solana’s price action will likely set the tone for the entire altcoin market this summer. Related Reading: SUI Shows Relative Strength Against Bitcoin – New Uptrend In Play? Price Action Details: Key Levels To Watch Solana (SOL) is trading at $146 after losing around 6% of its value since Friday. Despite the strong rally earlier this month, bulls are now facing increasing pressure to defend current levels. SOL must reclaim the $180 level, which aligns closely with the 200-day moving average (MA), to resume the bullish trend and regain market confidence. The $180 mark is critical because a decisive move above it would signal strength and open the door for a push toward higher resistance zones. Without this breakout, however, the current rally risks fading into another lower high, further weakening Solana’s structure. On the downside, losing the $140 level would be a major red flag for bulls. A sustained breakdown below this support could trigger a deeper correction, with price potentially dropping below the psychological $100 mark. Such a move would likely accelerate bearish sentiment and invite further selling pressure, especially as macroeconomic risks and global uncertainty continue to weigh on the crypto market. Related Reading: Ethereum Attempts First Major Horizontal Reclaim In Months – Can Bulls Hold the Line? The next few days will be key for SOL. Bulls must act quickly to defend, support, and attempt a recovery, or risk opening the door to another major leg down. Featured image from Dall-E, chart from TradingView

Solana is showing signs of strength as it pushes above a key resistance level, suggesting that bulls are beginning to regain some control after weeks of weakness. The broader crypto market remains volatile, driven by ongoing macroeconomic uncertainty and heightened trade tensions between the US and China. Despite these risks, investor sentiment appears to be improving slightly, fueling hopes that Solana and other altcoins could enter a recovery rally. Related Reading: Ethereum Enters Historic Buy Zone As Price Dips Below Key Level – Insights However, caution remains warranted. Top analyst Ali Martinez shared a technical signal that tempers the recent optimism—according to his analysis, Solana may be due for a short-term pullback. A sell signal has flashed on the 12-hour chart using the TD Sequential indicator, which has historically marked local tops and price exhaustion phases. While Solana’s recent breakout is encouraging, the presence of this bearish signal suggests the rally may be losing steam in the near term. Investors will be watching closely to see whether SOL can hold support above the reclaimed levels or if it retreats under selling pressure. For now, the market is caught between early signs of recovery and the ever-present risk of another leg down. Solana Faces Key Resistance As Short-Term Pullback Signal Emerges Solana has surged over 48% since April 7, signaling renewed momentum after a prolonged period of intense selling pressure. Bulls are now facing a critical test as price approaches the $150 level—a key resistance zone that has held back further advances in the past. Despite the recent recovery, Solana remains one of the most affected assets during the 2025 downtrend, having lost more than 65% of its value since its January peak. This underscores the significance of the current move and the importance of holding higher levels to confirm a true reversal. Still, caution is warranted. Martinez shared data on X highlighting a TD Sequential sell signal on the 12-hour chart—a technical indicator that often precedes short-term trend exhaustion or reversals. The TD Sequential works by identifying a sequence of price movements that can indicate overbought or oversold conditions. If the signal plays out, Solana could face a temporary pullback before any sustained upside continues. Macroeconomic factors remain in play, with ongoing trade tensions between the US and China still shaping sentiment across global markets. However, hopes for a potential agreement between the two countries and expanding global liquidity are giving bulls some optimism, especially within the altcoin sector. Related Reading: Metrics Reveal Solana Sees Uptick In Whale Activity – Accumulation Signal? SOL Price Hovers At Pivotal Zone: What’s Next? Solana (SOL) is currently trading at critical levels, testing the key $150 resistance zone after a sharp recovery from recent lows. Bulls must reclaim and hold above this level to confirm a breakout and validate the start of a sustained uptrend. A decisive move above $150 would likely trigger further buying momentum, possibly leading to a retest of higher targets not seen since early March. However, if SOL fails to break above this barrier in the short term, a period of consolidation between the $130 and $120 levels could still signal strength. Holding this zone would suggest that bulls are building a base for continued upward price action and absorbing selling pressure without a significant retrace. Such consolidation phases are often considered healthy in bullish market structures, allowing momentum to rebuild before the next leg higher. Related Reading: Cardano Whales Offload 180 Million ADA In 5 Days – Smart Profit-Taking? On the downside, failure to hold the $120 support level could expose SOL to deeper losses, with the $100 zone as the next significant area of demand. A break below this level would invalidate the current bullish outlook and possibly reignite a broader downtrend. For now, all eyes are on SOL’s reaction around the $150 mark. Featured image from Dall-E, chart from TradingView 

The Solana price was one of the few highlights in a generally choppy crypto market over the past week. While most large-cap assets were stuck in a consolidation range in the last seven-day period, the SOL token enjoyed a good amount of upward bullish momentum. The price of SOL kicked off the weekend with a strong rally toward the $140 level, albeit facing some degree of resistance around this level. However, the latest on-chain data suggests that the Solana price might have become wedged between two crucial levels. Is SOL Price Gearing For A Breakout Or Breakdown? In a recent post on the X platform, prominent crypto analyst Ali Martinez shared an on-chain insight into the current Solana price setup and its potential future trajectory. The online pundit referenced the “UTXO Realized Price Distribution” (URPD) indicator, which monitors the amount of a particular cryptocurrency that was acquired at a given level. Related Reading: Bitcoin Dominance At Risk Of Crash To 40%, Why This Is Good For Ethereum, XRP, And Altcoins Usually, the ability of a price level to serve as an on-chain support or resistance zone depends on the number of investors (and coins) with their cost basis around this level. The cost basis of an investor refers to the spot price at which they acquired their tokens or coins. Typically, a price region (beneath the current price) where several investors bought their tokens will likely act as a support level. This is because investors are likely to double down on their position when an asset’s value falls to their cost basis; this buying activity helps keep the token’s price afloat. On the other hand, price levels above the current price with significant buying activity would serve as major supply or resistance barriers. The rationale behind this is that investors tend to sell off their assets when the token’s price rises back to their cost basis, putting downward pressure on price and preventing further upward growth. The chart below shows the distribution of token supply at different Solana price levels surrounding the current price. According to data from Glassnode, the most important support for the Solana price lies around $129, while the major resistance sits at around $144. As Martinez explained, a breakout (above $144) or breakdown (below $129) could determine the fate of the SOL token over the next few weeks. As observed in the highlighted chart, the next significant support for the Solana price sits around the $10 level. Meanwhile, there is no significant resistance for the altcoin till around the $170 price level based on the URPD indicator. Solana Price At A Glance As of this writing, the SOL token is valued at around $138, reflecting an over 3% price increase in the past 24 hours. Related Reading: Cardano Whales Offload 180 Million ADA In 5 Days – Smart Profit-Taking? Featured image from Jakub Porzycki/Getty Images, chart from TradingView

Solana is showing signs of strength after weeks of heightened volatility and aggressive selling pressure. As the broader crypto market stabilizes amid ongoing macroeconomic uncertainty and global trade tensions, Solana has managed to inch closer to a critical resistance level. Despite the risks still looming, especially with trade war rhetoric between the US and China escalating, some market participants believe the conditions are aligning for a potential recovery rally. Related Reading: Cardano Whales Offload 180 Million ADA In 5 Days – Smart Profit-Taking? Adding weight to that view, recent on-chain data from Glassnode reveals a subtle yet notable shift in whale activity. The number of wallets holding more than 10,000 SOL has increased by 1.53% over the past week, rising from 4,943 to 5,019. This uptick suggests that larger holders may be accumulating ahead of a possible breakout, interpreting current price levels as favorable entry points. Historically, such accumulation phases have preceded strong upward moves, particularly when combined with technical recovery signals and improving market sentiment. Whether Solana can break through resistance and sustain a recovery remains uncertain, but the growing whale interest paints a cautiously optimistic picture for the days ahead. Whale Accumulation Grows As Bulls Regain Momentum Solana has been one of the hardest-hit assets during the recent market downturn. Since peaking in January, SOL has lost over 65% of its value, reflecting deep investor uncertainty and heightened selling pressure. As macroeconomic tensions between the US and China continue to grow, global markets have shifted toward a risk-off sentiment, with high-volatility assets like Solana taking the brunt of the damage. However, there may now be signs of relief. A possible resolution in the ongoing trade dispute and improving liquidity conditions are breathing fresh life into the broader altcoin market. In Solana’s case, the recovery narrative is gaining support from on-chain metrics. According to data shared by top analyst Ali Martinez on X, the number of wallets holding over 10,000 SOL has increased by 1.53% over the past week, rising from 4,943 to 5,019. This subtle but notable uptick in large-holder activity suggests growing institutional or whale confidence in Solana’s long-term potential. This accumulation trend, paired with rising momentum among bulls, could mark the beginning of a shift in sentiment after weeks of relentless pressure. If global risk appetite improves and Solana can hold key support zones, this whale behavior could lead to a sustained rebound in price. Related Reading: Ethereum Trades At Bear Market Lows: Fundamentals Signal Major Undervaluation Solana Tests Key Resistance As Investors Aim For A Recovery Solana (SOL) is currently trading at $140, just below a critical resistance zone that has capped price advances for weeks. After showing signs of strength in recent sessions, bulls are now attempting to push SOL above the $150 level—a key threshold that, if broken, could quickly propel the price toward the $180 mark. The current momentum is being closely watched, as reclaiming this resistance would signal a trend reversal and provide the foundation for a stronger bullish recovery. To confirm an uptrend, SOL must break and hold above the $150 mark and then target the 200-day moving average, currently acting as a dynamic resistance. A decisive move above the 200-day MA would indicate a shift in sentiment and reinforce Solana’s breakout potential in the near term. Related Reading: Ethereum Price Stalls In Tight Range – Big Price Move Incoming? However, if bulls fail to reclaim and defend these levels, bearish pressure could return. A rejection at current prices would likely open the door for a retest of lower demand zones. Losing support around the $125 level could take SOL back to $100—a level that previously served as a strong support during earlier selloffs. The next few days will be pivotal for determining Solana’s short-term trajectory. Featured image from Dall-E, chart from TradingView 

After enduring an unsteady period over the past few weeks, the cryptocurrency market appears to be finally settling, with most large-cap assets stabilizing within a consolidation range. The story was a little different for the Solana price, which is showing strong signs of resurgence in the last few days. The Solana token has had a mixed price performance so far in 2025, running to as high as $260 in January and then losing half of its value three months later. Building on its latest recovery, a crypto trader has postulated on the social media platform X that the altcoin seems to be gearing for a significant run to the upside. Can SOL’s Resurgence Fuel A Bigger Rally? In an April 18 post on X, a crypto analyst with the pseudonym Cryptollica shared an exciting analysis of the Solana price. According to the chart highlighted by the online pundit, the price of SOL just bounced back from a critical support level, which could catalyze a move to around $2,000. Related Reading: Cardano Price Surge To $1.7: Here Are The Factors To Drive The Recovery As observed in the chart, the Solana price appears to be persisting in an ascending channel on the one-hour timeframe. An ascending channel is a technical analysis pattern characterized by two major (upward-sloping) trendlines: the upper line linking the swing highs and the lower line connecting the swing lows. The token’s price often persists within the ascending channel, with the upper trendline often serving as resistance and the lower boundary line serving as a support zone. Investors can trade as prices swing between the pattern’s support and resistance levels or enter a position following a breakout (indicating trend continuation) or breakdown (suggesting trend reversals). The highlighted chart shows that the Solana price has been in and out of this ascending channel since mid-2020 before breaking out during the 2021 bull run. However, the price of SOL returned within the channel following the crash of the FTX exchange in November 2022. The Solana price has persisted within this channel since 2022, finding cushion at the lower boundary line numerous times. The most recent bounce-back from this trendline came in March after the altcoin’s price fell toward the $100 level. If this support level continues to hold strong, there is a likelihood that the price of Solana could travel to as high as $2,000 by mid-2026. However, it is also worth noting that the SOL token would need to overcome a crucial resistance zone around $295. On the flip side, if the altcoin breaches and closes beneath the lower trendline, it could fall to as low as $20. Solana Price At A Glance As of this writing, the price of Solana stands at around $134, reflecting no significant change in the past day. According to CoinGecko data, the cryptocurrency is up by more than 10% in the past seven days. Related Reading: Dogecoin Charts Flash 2020-Style Bull Signal, Crypto Analyst Says Featured image from Dreamstime/Aivaras Sakurovas, chart from TradingView

Solana is showing signs of pre-breakout behavior as it consolidates below an important price threshold. According to a new technical analysis shared by RLinda on the TradingView platform, the $136 level is currently a decisive resistance point, and Solana’s current trading behavior suggests that a move above this level could ignite a fresh bullish push even as the global market situation is bearish. Solana Finds Stability After False Breakdown The current structure of Solana’s price chart reflects a notable recovery after what the analyst described as a false breakdown below the range support zone. This false breakdown refers to the price crash between the last week of March and the first week of April, during which the Solana price briefly broke below $100. Notably, this break below $100 came as an extension of a decline run after a break below a key support range between $115 and $108. Related Reading: Solana Price To Drop To Double Digits? Major Levels To Watch For Entries After briefly dipping below key support, Solana quickly rebounded, and the market responded with renewed buying pressure that sent its price back above $130. However, this push is starting to slow down, with resistance at $136 and a consolidation phase between $130 and $136.  This consolidation range is proving to be an important zone for Solana’s bullish potential going forward, according to RLinda. This behavior is further reinforced by liquidity dynamics. The analyst highlights a liquidity imbalance created by the recent false breakdown, which could favor upward price movement as Solana bulls seek to reclaim the upper zones above $136.  A sustained move above $136 could serve as the initial trigger for a breakout, potentially shifting short-term market sentiment in Solana’s favor. If this scenario unfolds, the move would provide technical confirmation of growing strength among buyers. This bullish potential is notable, even as RLinda noted that the global market situation is bearish. Breakout Above $136 Could Unlock Higher Price Targets For Solana Speaking of the bearish global market situation, RLinda’s analysis categorizes the local Solana setup as neutral, indicating that the price is in a range rather than exhibiting a definitive trend. Crypto market dynamics also lend weight to the bullish outlook for Solana. Bitcoin, the dominant force in the crypto market, is itself undergoing consolidation and has been highly correlated with Solana’s movements in recent weeks. Should Solana manage to close and consolidate above $136, the chart opens up to a sequence of local targets, with the $140, $147, and $152 levels becoming the following areas of interest. Related Reading: Ethereum, Solana And Cardano Trend After Crypto Crash – Here’s What You Should Know At the time of writing, Solana is trading at $ 134.80, up 0.5% in the past 24 hours and 15.6% in the past seven days. Even if the outlook is bullish, minor corrections may still occur as this process unfolds. In such a scenario, the Fibonacci 0.5 retracement, located around $125.28, will provide a cushion for price corrections. As such, any short-term dip from the current price level may be met with strong support and accumulation at the Fib retracement. Other support levels are at $129, $123, and $111. Featured image from Adobe Stock, chart from Tradingview.com

Solana is now at a critical juncture as it trades around a pivotal price level that could determine its short-term direction. After weeks of selling pressure and underwhelming price action, bulls are attempting to regain control—but success hinges on reclaiming higher resistance zones. Without a decisive move upward, Solana’s price action may continue to follow the broader downtrend that has defined the last few months. Related Reading: Over 1.9M Ethereum Positioned Between $1,457 And $1,598 – Can Bulls Hold Support? Meanwhile, macroeconomic tensions continue to escalate. Trade conflicts between the United States and China are intensifying, with both nations imposing aggressive tariffs. This has created a high-risk environment across global financial markets, and altcoins like Solana are particularly vulnerable. With uncertainty rising and investor sentiment turning cautious, digital assets are under growing pressure. However, there is a glimmer of technical optimism. Top crypto analyst Crypto Seth shared an analysis suggesting that Solana has flipped bullish on the 8-hour chart. According to his view, if SOL can break above key resistance, it could confirm a trend shift and trigger a potential recovery rally. Until then, traders are watching closely as Solana navigates a critical support-resistance battleground amid a volatile macro backdrop. Bulls Must Hold the Line as Market Faces Trade War Pressure Solana is currently trading in a make-or-break zone, having lost 55% of its value since reaching its all-time high in January. This decline mirrors a broader crypto and equities market correction that began when macroeconomic tensions escalated—most notably due to rising inflation, global instability, and intensifying trade war rhetoric between the United States and China. Bulls now face a critical moment. Solana must hold current levels and reclaim key resistance zones to spark a recovery rally. Failing to do so could open the door to a sharp meltdown in price, particularly if macro conditions continue to deteriorate. US President Donald Trump’s unpredictable policy decisions, especially surrounding tariff impositions, have created a hostile environment for risk assets like Solana. Ongoing tariff escalations with China are only adding to market uncertainty, further weighing on investor sentiment. However, there is a glimmer of hope from the technical side. Seth shared insights suggesting that Solana has flipped bullish on the 8-hour chart. According to his analysis, a break above the $147 level would confirm a trend shift and potentially pave the way for a sustained recovery. For now, all eyes remain on whether SOL can clear this level or face renewed pressure in a volatile global climate. Related Reading: Dogecoin Whales Buy 800 Million DOGE in 48 Hours – Smart Money Or Bull Trap? Solana Faces Pivotal Resistance: Can Bulls Break Through? Solana (SOL) is currently trading at $132 after several days of struggling to reclaim this key resistance zone. Price action remains uncertain, and bulls must now show strength to avoid a deeper correction. Reclaiming the $132–$135 range is crucial, as it could confirm short-term momentum and signal the start of a recovery rally. To establish a higher high and shift the current downtrend structure, SOL must push decisively above the $150 level. This area has served as a strong rejection point in previous attempts and stands as the next major test for bullish continuation. A clean breakout above this level could open the path toward higher targets and renewed investor confidence. However, if bulls fail to defend the $125 support level, Solana may risk a drop back to lower demand zones around $100—or potentially even lower, depending on broader market conditions. Macroeconomic uncertainty, continued trade tensions between the U.S. and China, and overall weakness in altcoins are all contributing factors weighing heavily on SOL’s price. Related Reading: Solana Retests Bearish Breakout Zone – $65 Target Still In Play? For now, traders are watching the $135 level closely. A breakout above this key threshold could shift the tide in Solana’s favor. Until then, caution remains warranted. Featured image from Dall-E, chart from TradingView 

Solana is trading above the $125 level after bulls stepped in and reclaimed key levels, sparking optimism across the market. After enduring weeks of massive selling pressure, this recovery marks the first sign of strength from buyers since early March. Still, not all analysts are convinced this marks the beginning of a sustainable rally. While momentum appears to be shifting in Solana’s favor, some see this move as a possible bearish setup rather than a reversal. Related Reading: Ethereum Metrics Reveal Critical Support Level – Can Buyers Step In? Top crypto analyst Ali Martinez shared a cautionary view on X, suggesting that Solana might be retesting the breakout zone from a right-angled ascending broadening pattern — a structure that often precedes sharp declines. According to his analysis, if Solana fails to hold current support levels, prices below $80 could come back into play. This aligns with broader macro concerns, as global trade tensions and volatile risk markets continue to pressure crypto valuations. With both bullish enthusiasm and bearish warnings in the air, Solana’s price action in the coming days could determine whether this is a genuine recovery — or a setup for a deeper correction. Eyes are now on how SOL behaves around $125 in the short term. Solana Faces a Pivotal Test as Global Risks Rise Solana is at a crucial juncture as bulls attempt to hold the $125 level and regain momentum after weeks of aggressive selling pressure. While the recent bounce has offered short-term relief, the broader market environment remains highly unstable, making this recovery fragile. Macroeconomic uncertainty, paired with growing trade war fears, continues to weigh heavily on risk assets like Solana. The erratic tone set by US President Donald Trump, including unpredictable tariff policies targeting China and other global partners, has introduced renewed volatility across financial markets. These macro headwinds are colliding with technical pressure in Solana’s chart. Martinez shared a bearish scenario, noting that Solana could be retesting the breakout zone from a right-angled ascending broadening pattern. Historically, this pattern often signals the potential for sharp reversals. According to Martinez, if Solana fails to hold above key support, the price could plunge toward $65 — a level not seen since late 2023. The $125 zone now acts as a make-or-break level for bulls. Reclaiming higher resistance at $135–$145 would be necessary to shift sentiment and spark a full recovery rally. However, failure to hold current levels could result in a steep decline as panic returns to the market. Related Reading: Dogecoin Whales Buy 800 Million DOGE in 48 Hours – Smart Money Or Bull Trap? SOL Price Faces Key Resistance After $136 Rejection Solana (SOL) is currently trading at $125 after facing a clean rejection at the $136 resistance level earlier this week. The failure to break through this short-term ceiling has paused the bullish momentum, placing bulls in a vulnerable position as they try to defend recent gains. To regain control and signal a clear reversal, SOL must reclaim the $136 level with conviction and continue climbing toward the $150 mark — a zone that aligns with key daily resistance and short-term liquidity. Reclaiming both levels would signal strong market confidence and could set the stage for a sustained rally, possibly retesting April highs. However, without that upside push, the risk of deeper downside grows. Market volatility remains high, fueled by global macroeconomic tensions and uncertainty around US-China trade developments. These factors are still weighing heavily on sentiment, particularly among altcoins like Solana. Related Reading: XRP Tests Ascending Triangle Resistance – Can Bulls Reach $2.40 Level? If SOL continues to struggle below $136 and fails to attract enough buying pressure, a breakdown toward the $100 mark becomes increasingly likely. That level has previously served as a psychological support zone and could attract renewed interest — but only if broader market conditions stabilize. For now, SOL remains in a delicate, high-stakes trading zone. Featured image from Dall-E, chart from TradingView 

Solana is trading above the $125 mark after bulls stepped in with force, reclaiming critical technical levels and bringing some relief to a market that had been dominated by selling pressure. After weeks of steep declines and heightened volatility, Solana is finally showing signs of strength as buyers return and confidence starts to rebuild. Related Reading: Dogecoin Whales Buy Over 80 Million DOGE In 24 Hours – Sign Of Recovery​? The bounce came at a crucial moment, as SOL was on the verge of breaking into lower demand zones following a sharp 47% drop since early March. The shift in momentum has caught the attention of market participants, especially as broader market sentiment begins to stabilize. Top analyst Big Cheds shared a technical analysis on X, suggesting that Solana has “triggered a long thesis overnight” after reclaiming several key levels on the chart. His comments are fueling speculation that this move could mark the beginning of a broader recovery phase for SOL—provided bulls can hold current levels and build momentum from here. As traders monitor upcoming resistance and key indicators, the next few days will be crucial in determining whether Solana’s rally has legs—or if it’s just another short-lived bounce in a volatile macro environment. Solana Surges 40% As Long Thesis Takes Shape Solana has gained over 40% since last Monday, sparking renewed bullish sentiment and opening a debate among analysts and traders: is this the start of a sustained move higher, or will SOL consolidate around current prices? After weeks of persistent selling pressure, Solana has finally seen a wave of buying interest, bouncing strongly from a $95 low. This bounce marks one of the most aggressive reversals among major altcoins during the recent market correction. The surge came shortly after US President Donald Trump announced a 90-day pause on reciprocal tariffs for all countries except China, which now faces a 145% tariff. The announcement sparked relief rallies across risk assets, with Solana among the top beneficiaries. Big Ched’s analysis reveals that Solana triggered a long thesis after successfully reclaiming the $125 resistance level. This move is seen as a breakout confirmation, suggesting that a bullish structure may now be forming. However, global tensions and trade war fears continue to inject uncertainty into financial markets. For Solana, holding above the $120–$125 support zone will be key in determining whether the recent bounce has staying power—or if further consolidation is in store. Related Reading: Bitcoin Long-Term Holders Show Conviction: 63% Of Supply Hasn’t Moved In A Year Price Holds Above Key Moving Averages: Crucial Resistance Awaits Solana (SOL) is trading at $131 after finally breaking above the 4-hour 200 Moving Average (MA) and Exponential Moving Average (EMA), which sat around $125 and $128, respectively. This move signals a potential short-term trend shift in favor of the bulls, who are now holding some advantage after reclaiming these critical technical levels. The breakout came on strong volume, reinforcing the bullish momentum that emerged from last week’s bounce off the $95 low. However, for the rally to continue and higher highs to form, SOL must maintain its position above the $125 level and push toward the next major resistance around $146. Reclaiming this level would strengthen bullish conviction and confirm a recovery rally in the broader trend. Related Reading: Solana Approaches $125 – Will 2-Level Filter Trigger A Long Signal? Despite the recent strength, risks remain. If Solana fails to hold above $125, the bullish setup could unravel quickly, and the price may revisit the $100 demand zone. With global market volatility still elevated due to ongoing macroeconomic tensions, traders are watching this support-resistance range closely to determine whether SOL can sustain upward momentum or return to consolidation. Featured image from Dall-E, chart from TradingView