Solana is holding firm above the $150 level as bullish momentum builds across the broader crypto market. With both Bitcoin and Ethereum pushing into higher prices, investor sentiment is improving, and altcoins like Solana appear poised to follow once the major players confirm a breakout. After weeks of consolidation and volatility, the stage may be set for a stronger move if current trends hold. Related Reading: Ethereum Approaches Decisive Level – Trading Around 200 DMA Resistance Top analyst Jelle shared a technical analysis revealing that SOL has formed a higher low on the chart—a key bullish signal—and is now charging back toward the range highs. This structure indicates growing strength and the potential for Solana to retest and break through key resistance levels if buyers maintain pressure. The $150 zone now acts as a short-term support base, and as long as SOL holds above it, the bullish case remains intact. A confirmed breakout in BTC and ETH could act as the catalyst Solana needs to enter a new phase of upside. With the market leaning bullish and Solana’s technicals aligning, traders are watching closely to see if this move is the beginning of Solana’s next leg higher in the ongoing altcoin cycle. Solana Approaches Resistance As Bulls Regain Momentum Solana is showing renewed strength after spending several days consolidating below the $160 level. With a fresh move upward, SOL is now pushing into key resistance just under $175, a zone that has capped price advances multiple times over the past few months. This renewed momentum comes as the broader crypto market heats up, with Bitcoin and Ethereum breaking higher and dragging sentiment with them. Still, despite the optimism, caution lingers. Most altcoins, including Solana, remain well below their all-time highs. Jelle highlighted a critical development in Solana’s structure: the formation of a higher low. This bullish signal suggests growing buyer confidence and technical strength, as SOL now charges back toward the top of its range. According to Jelle, a breakout above $185 would be the key trigger that opens the door to new all-time highs. While the short-term trend favors the bulls, one key hurdle remains — flipping the $175–$185 resistance zone into support. This region has consistently rejected upside attempts, and clearing it with strong volume and follow-through is essential for confirming the next leg higher. Until then, Solana remains in a recovery phase. But with improving market conditions and clear signs of accumulation, momentum is shifting. A confirmed breakout could mark the return of “Solana season,” where SOL reclaims leadership among top altcoins. For now, all eyes are on the $185 level — the line between consolidation and a potential explosive rally toward uncharted territory. Related Reading: Ethereum Still Rangebound Below $2,735 Level – No Clear Breakout Yet SOL Price Action Details Solana is currently trading at $165.80 on the daily timeframe, showing continued strength after reclaiming the 50-day SMA at $160.99. Price is now approaching the 100-day SMA at $175.70 — a key level that previously rejected multiple breakout attempts. The recent bounce from the $142–$145 support zone marked a higher low, reinforcing a bullish structure and setting the stage for another attempt to break through resistance. Volume has been rising modestly as price moves higher, suggesting growing interest and momentum among buyers. The crossover between the 50-day and 100-day SMAs would add further confirmation of trend strength, especially if SOL can maintain its current pace and push above $175 with conviction. Related Reading: Ethereum Consolidates As Momentum Builds – Analyst Has $3K In Sight For June A breakout above $175 would likely open the door for a retest of the psychological $190–$200 range, which has acted as a supply zone in recent months. On the downside, a failure to clear the 100-day SMA could result in another pullback toward the $155–$160 support region. Featured image from Dall-E, chart from TradingView
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
The analytics firm Glassnode has revealed the Solana price levels that could be important to watch, based on on-chain accumulation data. Solana Cost Basis Distribution Reveals Where Supply Is Most Concentrated In a new post on X, Glassnode has discussed about the UTXO Realized Price Distribution (URPD) of Solana. The URPD is an indicator that basically tells us about how much of the SOL supply was purchased at which price levels. Naturally, the metric uses the last transaction price of any token in circulation as its cost basis. Related Reading: Bitcoin Transfer Count Lowest Since 2023—Is This Bearish? First, here is how the URPD looked when the cryptocurrency set its new all-time high (ATH) back in January: From the graph, it’s apparent that a few price levels like $144 stood out in terms of the amount of supply that they hosted. At the price levels closer to the new ATH, however, supply was quite thin, meaning not many coins changed hands there. In on-chain analysis, the potential of any level to act as support or resistance is measured in terms of the amount of supply that it hosts. This means that levels that have a large cluster around them on the URPD are the ones of importance to the asset. As for why this is so, the answer lies in investor psychology: holders are sensitive to retests of their cost basis. Whenever the price touches a large cost basis cluster, the investors who are holding these coins may respond by making some panic moves. These moves can tend toward buying if the retest is happening from above, as investors may want to defend their profit-loss boundary. In retests happening from below, however, the traders could react by selling instead, as they may seek to exit at their break-even. When SOL reached its ATH, there was a lack of support nearby. This may be why the asset ended up falling into the cluster that did carry a significant amount of supply. Below is a chart that shows how the URPD has changed following the price drawdown. From the graph, it’s visible that if SOL continues its downtrend, it may have to end up relying on the freshly grown $112 level. In January, this level hosted the cost basis of 4 million tokens, but today, the figure has grown to 9.7 million, equivalent to 1.67% of the entire supply. Beyond this level, Glassnode notes, “$94, $97, and $100 collectively hold nearly 21M SOL (3.5% of supply).” In the scenario that these support levels fail, Solana may find itself in trouble, as there aren’t any major supply clusters until $53. Related Reading: Dogecoin Shark & Whale Population Rises—Price Turnaround Incoming? In terms of the levels above, the $135 and $144 levels stand out, as they hold the acquisition level of 26.6 million and 27 million coins, respectively. These levels could act as major obstacles in SOL’s recovery. SOL Price Solana has jumped more than 5% over the last 24 hours to recover to the $130 level. Featured image from Shutterstock.com, Glassnode.com, chart from TradingView.com
Solana has been struggling since late January, experiencing a sharp decline alongside the broader crypto market. SOL has lost over 60% of its value, with bulls now fighting to hold onto current price levels. Analysts remain skeptical, calling for a continuation of the downtrend as Solana struggles to reclaim higher levels. Related Reading: Bitcoin Accumulation Resumes After 3 Months Of Distribution – Analyst Despite the negative sentiment, some investors remain optimistic about a quick and strong recovery in the coming months. They argue that market conditions could shift rapidly, especially if broader economic factors and liquidity conditions improve. On-chain data from Glassnode reveals that Solana faces a major test, as $135 is the most important resistance level according to the UTXO Realized Price Distribution (URPD) indicator. This metric identifies key price levels where large amounts of SOL have previously changed hands, making $135 a critical level for price action. If SOL can break and hold above $135, it could signal a trend reversal and open the door for a potential recovery. However, failure to reclaim this level could result in further downside, reinforcing the bearish outlook. The coming weeks will be crucial for determining Solana’s next major move. Solana Struggles Below Key Resistance as Bears Take Control Solana has been trading under heavy selling pressure, struggling to reclaim key levels after weeks of market uncertainty. Bulls lost control once SOL dropped below the $180 mark, and now speculation about a prolonged bear market is rising. The price remains stuck below key resistance, making a recovery challenging. Top analyst Ali Martinez shared insights on X, revealing that Solana faces a major test at the $135 level, which has been identified as the most important resistance based on the UTXO Realized Price Distribution (URPD) indicator. The URPD indicator is an on-chain metric that tracks the price levels at which coins were last moved. It highlights significant areas of accumulation, showing where investors have previously bought and sold. When many tokens have changed hands at a specific price, that level becomes a critical support or resistance zone. In Solana’s case, $135 represents a level where a large amount of SOL was last transacted. This means that if bulls reclaim $135, it could act as strong support and signal a trend reversal. However, if SOL fails to break above it, bears could reinforce selling pressure, leading to further downside. Related Reading: Ethereum Is Retesting A 5-Year Long Trendline – Massive Rally Incoming? Solana Faces Key Support Test at $126 Solana (SOL) is trading at $126 after experiencing massive selling pressure in recent weeks. The price has been in a strong downtrend, failing to reclaim key levels as market-wide uncertainty and volatility continue to drive sentiment. Currently, SOL is sitting at a crucial weekly demand level, which bulls must defend if they want to initiate a recovery or at least establish a consolidation phase around current prices. Holding this support could provide the foundation for a relief rally, but the market remains fragile. If SOL loses the $120 level, selling pressure could intensify, potentially sending the price toward the $100 mark or even lower. A break below this demand zone would indicate further weakness and could trigger panic selling, leading to deeper losses across the altcoin market. Related Reading: 130,000 Ethereum Moved Off Exchanges – Bullish Signal? For any meaningful recovery, bulls need to push SOL above $135 and reclaim $150 to shift momentum in their favor. Until then, downside risks remain high, and traders will closely watch how Solana reacts at this critical support level in the coming days. Featured image from Dall-E, chart from TradingView