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Solana (SOL) has surged 6.6% over the past week, raising hopes among holders that the digital asset may be on the cusp of a significant rally – one that could potentially propel it to new all-time highs (ATH). A combination of strengthening fundamentals and bullish technical signals supports this optimistic outlook. Solana Primed For A Spectacular Summer? According to a recent CryptoQuant Quicktake post by contributor burakkesmeci, SOL is currently undergoing a cooling phase on both the spot and futures Bubble Maps. The analyst shared the following chart to highlight this cooling period. For the uninitiated, a bubble map visualizes volume data across exchanges, with each bubble representing trading activity for a specific pair or platform. The size of the bubble indicates the total volume, while the color shows the intensity or change in that volume – such as cooling (green), neutral (gray), or overheating (red). Related Reading: Solana Key Indicator Flashes Buy Signal On Daily Chart – Rally Ahead? At first glance, lower trading volume might seem like fading momentum. However, the CryptoQuant analyst suggests this deceleration could be a strategic accumulation phase, particularly as a potential catalyst looms on the horizon. Many in the crypto community are expecting the US Securities and Exchange Commission (SEC) to approve the first Solana exchange-traded fund (ETF) in the coming weeks. In an X post published today, Eric Balchunas, Senior ETF Analyst at Bloomberg, said Solana could lead a “potential altcoin ETF summer.” Meanwhile, predictions platform Polymarket currently places a 91% probability on a Solana ETF being approved in 2025 – the highest odds recorded since January of this year. Most speculators expect a SOL ETF to go live by July 2025. From a technical standpoint, things are also looking encouraging. In a recent X post, crypto analyst Ali Martinez remarked that if SOL breaks above the $200 mark, it could kickstart a 5x to 10x bull run. Martinez shared the following SOL weekly chart, which shows the digital asset forming a bullish Cup and Handle pattern. While the “cup” portion has already been completed, the emerging “handle” suggests the potential for significant price appreciation – possibly pushing SOL beyond $2,000. SOL Showing Promise But Take Caution Despite widespread optimism, some indicators urge caution. On-chain data recently revealed a large movement of dormant SOL coins, which has raised concerns about increased selling pressure in the near term. Related Reading: Solana Horizontal Support Under Pressure – Bearish Target At $142 That said, a considerable number of analysts believe that SOL could surpass its current ATH of $293 later this year. At press time, SOL trades at $167.30, up 3.5% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant, X, and TradingView.com

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

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) has recovered from the recent market pullback after bouncing from its local bottom. Amid its recent breakout from a bullish formation, some market watchers suggest that the cryptocurrency could recover its start-of-year glory. Related Reading: Bitcoin Weekly Chart Flexes Strength—Is The Moonshot Just Getting Started? Solana Breakout Eyes $164 Solana is recording a 2.45% surge in the weekly timeframe after recovering from its recent drop to the $140 area. The altcoin has seen a significant recovery from its multi-month downtrend, which led the token to hit a 14-month low of $95 during the early April retraces. However, SOL lost the $160 area amid the recent market corrections, dipping 11% in one week. Over the weekend, its price bounced nearly 10%, reclaiming the $150 level as support and forming an ascending triangle pattern. Crypto analyst Ali Martinez highlighted the 3-day formation in Solana’s chart, suggesting a potential 6% jump to its recently lost support level. According to the post, the cryptocurrency broke out of the triangle formation on Monday after reclaiming the $155 area. A retest and breakout confirmation could propel Solana to the $164 barrier, which has not been seen in two weeks. Analyst CW noted that if SOL breaks through the selling barrier around the $160 level, “the previous price will recover quickly,” as reclaiming this level could send the price straight to the $180 area. Notably, the altcoin’s next significant selling wall is around the $180 resistance, which it has been unable to reclaim despite touching a $187 three-month high during the recent market rally. Recovering this key barrier could also push SOL’s price toward the $200 mark, enabling a rally to new highs. However, failing to hold the current levels could send the cryptocurrency’s price back toward the $142 buying wall, which served as support last week, or even the $135 level, where the next buy wall sits. SOL Preparing To Climb Higher? Market watcher Jeremy pointed out that Solana is “finally breaking out from this downtrend consolidation.” Per the post, the cryptocurrency has been consolidating in a descending channel since late May, hovering between the $140-$187 price range. Throughout this period, SOL’s price moved from the $180 mark toward the $144 support. Nonetheless, it broke out of the two-week descending channel after reclaiming the $155 level. Jeremy suggested that Solana’s price could “actually climb higher” if global conflicts and political disputes, like the Trump-Musk online feud, don’t continue to affect the market, concluding that “1 SOL = $300 is just a matter of time.” Related Reading: Pundit Says Do Not Ignore Ethereum Amid New All-Time Highs In Major Metric Meanwhile, crypto trader Coinvo recently affirmed that SOL’s bottom “is finally in,” highlighting a potential bullish megaphone pattern in SOL’s chart. The 18-month pattern shows that the fourth wave bounced from the formation’s lower boundary during the April pullback. This could signal a potential surge to the upper boundary, around the all-time high (ATH) levels, during the fifth wave. A breakout above the pattern’s resistance line could propel Solana to new highs As of this writing, Solana trades at $156, a 1.88% increase in the daily timeframe. Featured Image from Unsplash.com, 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

On-chain data shows the Solana network has just seen a large movement of dormant coins. Here’s what this could mean for the cryptocurrency. Solana Coin Days Destroyed Has Witnessed A Huge Spike In a new post on X, the on-chain analytics firm Glassnode has talked about the latest trend in the “Coin Days Destroyed” (CDD) indicator for Solana. A ‘coin day’ is a quantity that one token of the asset accumulates after having stayed dormant (that is, not being involved in any transaction activity) for one day. When a token carrying some number of coin days is moved, its coin days counter resets back to zero, and the coin days that it was carrying are said to be ‘destroyed.’ The CDD measures the total number of coin days being reset in this manner across the network. Related Reading: Bitcoin’s Key Investors Double Down, Buy Another 79,000 BTC When the value of this indicator registers a spike, it means dormant coins are potentially on the move. Generally, this kind of trend is a sign of transaction activity from the long-term holders (LTHs). The LTHs are resolute entities who tend to hold for long periods, so they naturally hold a large number of coin days. As such, transfers from them usually result in the destruction of a significant number of coin days. Now, here is the chart for the Solana CDD shared by the analytics firm that shows the trend in its value during the past few months: As displayed in the above graph, the Solana CDD has observed a large spike recently, suggesting the LTHs have made some transactions. In total, this spike involved the destruction of a massive 3.55 billion coin days. From the chart, it’s visible that the indicator has seen only two spikes of a greater scale in 2025 so far. February 26th recorded a CDD value of 5.53 billion, while March 3rd saw a value of 4.64 billion. The LTHs usually only break their silence when they want to participate in selling, so movements from them can sometimes spell trouble for the cryptocurrency’s price. Large spikes like these can especially be worth taking note of, as they can point toward a possible shift in holder conviction . The aforementioned two larger spikes occurred one after the other, with a third, slightly smaller-scale spike following later in March. Therefore, it’s possible that more than a couple of diamond hands lost their belief during that period. Related Reading: Bitcoin ATH Fails To Hype Retail—Demand Is Actually Down It now remains to be seen whether the latest Solana CDD spike would also be followed up by another, or if this was just a one-off event. SOL Price At the time of writing, Solana is trading around $153.9, down more than 10% in the last week. Featured image from Shutterstock.com, Glassnode.com, chart from TradingView.com

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) continues to face resistance at the $160 level, failing to reclaim it despite multiple attempts over the past several days. As market momentum weakens and volatility rises, investors are growing cautious. Bitcoin and Ethereum—typically leading indicators—are also showing signs of exhaustion, unable to break past their recent highs. This has triggered concerns that a broader market retrace could follow. Related Reading: Ethereum Daily Chart Signals Strength Amid Market Uncertainty – Analyst Still, not all analysts are turning bearish. Prominent trader Kaleo shared a bullish technical outlook, suggesting that Solana remains one of the most promising altcoins if the crypto market regains strength. According to Kaleo, if momentum returns and the market heats up in the coming months, SOL could rally sharply and tag the $300 level—a move that would nearly double its current price. However, such a scenario would likely require broader participation and renewed appetite for risk across digital assets. For now, SOL trades in a tight range, with its short-term outlook hinging on the behavior of Bitcoin and Ethereum. If leading assets stabilize and bulls step back in, Solana could be primed for a breakout. Otherwise, further downside cannot be ruled out as uncertainty weighs on sentiment. Solana Faces Uncertainty But Eyes Explosive Breakout Above Multi-Year Resistance Solana (SOL) is currently struggling to find strong demand as market conditions cool following an intense rally earlier this year. While trading has slowed and bullish momentum appears to be fading, optimism persists among long-term investors. Many expect that once broader market strength returns, SOL could initiate a powerful move into higher supply zones and potentially reach new all-time highs. This cautious optimism comes amid growing global tensions. The ongoing tariff conflict between the United States and China continues to unsettle financial markets, and stress signals in the US bond market are raising alarms about systemic risks. Should these macroeconomic pressures intensify, altcoins like Solana may face renewed headwinds as investors rotate into safer assets. However, despite the current uncertainty, Kaleo maintains a bullish long-term outlook for SOL. According to his analysis, once Solana reaches the $300 level—a key historical resistance—it could break into price discovery. This would mark the end of a multi-year consolidation phase and potentially unleash a parabolic rally. Such a breakout would not only validate the strength of Solana’s fundamentals and ecosystem but also signal broader confidence returning to the altcoin sector. Until then, patience and strategic positioning remain crucial. Related Reading: Ethereum Reclaims Pivotal Level – Key Resistance Around $2,650 Key Support Holding But Momentum Remains Weak Solana (SOL) is trading at $157.46 after bouncing slightly from recent lows around $154, showing modest signs of stability. The price is testing the 34-day EMA near $162, which has acted as a dynamic resistance in recent sessions. SOL remains trapped below its 200-day SMA at $178.88, suggesting the broader trend remains under pressure. A reclaim of that level is crucial for bulls to regain confidence. Volume remains relatively muted, indicating a lack of strong conviction from either side. If SOL manages to push above the $162–$165 range, it could open the door for a retest of the $180 resistance zone. However, failure to break above the 34-day EMA soon may result in another leg down toward the 100-day SMA support near $144. Related Reading: Ethereum Poised For A 5-Figure Breakout – Volatility Is Shaking ‘Weak Hands’ The chart shows lower highs forming since mid-May, adding pressure to the bullish structure. However, the fact that SOL continues to hold above the $150 zone shows that buyers are still defending key demand. A decisive break and close above $165 on strong volume could confirm a short-term reversal. Until then, SOL remains range-bound with a neutral-to-bearish bias unless momentum accelerates to the upside. Featured image from Dall-E, chart from TradingView

An analyst has pointed out how Solana has recently formed a signal on the Tom Demark (TD) Sequential that could imply a potential reversal for the asset’s price. Solana Has Seen A TD Sequential Buy Signal On The 12-Hour Timeframe In a new post on X, analyst Ali Martinez has talked about a signal that has appeared on the 12-hour price chart of Solana. The signal in question is based on the Tom Demark (TD) Sequential, a technical analysis (TA) indicator commonly used to identify potential reversal points in an asset’s value. The indicator involves two phases: setup and countdown. During the first of these, the setup, candles of the same color are counted up to nine. These nine candles don’t necessarily have to be consecutive. Once they are in, the TD Sequential flashes a reversal signal for the asset. Related Reading: Crypto Bulls See $644M Bloodbath As Bitcoin Dips Below $105,000 Naturally, if the candles were green (that is, an uptrend led into the signal), then the indicator suggests a bearish turnaround in the price. Similarly, red candles result in a bullish signal. As soon as the setup is complete, the second phase, the countdown, begins. This phase works in much the same way, except for the fact that candles here go on until thirteen. Following these thirteen candles, the asset could be considered to have arrived at another location of likely reversal. Now, here is the chart shared by the analyst that shows the TD Sequential signal that the 12-hour price of Solana has recently formed: As is visible in the above graph, the 12-hour Solana price has recently completed a TD Sequential phase of the first type. Clearly, the nine candles involved in the pattern have been red ones, meaning that the indicator has just given a buy signal for the cryptocurrency. This signal has arrived after the asset has gone through a drawdown of more than 13% over the past week. It now remains to be seen whether it would be enough to help the coin find a bullish reversal or not. While this bullish pattern has formed in TA, on-chain data may hint at a different outcome for Solana. According to cryptocurrency transaction tracker service Whale Alert, a SOL whale has just made a massive inflow to the Binance platform. In total, the investor moved about 2.86 million tokens of the asset ($441 million) to the exchange with this transaction. Generally, holders transfer their coins to these central entities whenever they want to make use of one of the services that they provide, which can include selling. Related Reading: Bitcoin MVRV Ratio Signals Price Hot, But Not In Danger Zone Yet Thus, if the motive behind this Binance deposit was distribution, then Solana can naturally see a bearish effect from the move, given its humongous scale. SOL Price Following its recent bearish trend, Solana has seen its price go down to $153.90. Featured image from Shutterstock.com, whale-alert.io, charts from TradingView.com

Solana started a fresh decline from the $172 zone. SOL price is now moving lower and might decline further below the $155 level. SOL price started a fresh decline from the $172 resistance zone against the US Dollar. The price is now trading below $162 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $160 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $160 resistance zone. Solana Price Dips Again Solana price failed to continue higher above the $172 level and started a fresh decline, like Bitcoin and Ethereum. SOL gained pace and traded below the $160 support level. The price even traded below the $155 level. A low was formed near $150 and the price recently started a recovery wave. There was a move above the $155 level. It surpassed the 23.6% Fib retracement level of the recent decline from the $180 swing high to the $150 low. Solana is now trading below $160 and the 100-hourly simple moving average. There is also a key bearish trend line forming with resistance at $160 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $160 level and the trend line. The next major resistance is near the $165 level. It is close to the 50% Fib retracement level of the recent decline from the $180 swing high to the $150 low. The main resistance could be $170. A successful close above the $170 resistance zone could set the pace for another steady increase. The next key resistance is $172. Any more gains might send the price toward the $180 level. Another Decline in SOL? If SOL fails to rise above the $160 resistance, it could start another decline. Initial support on the downside is near the $155 zone. The first major support is near the $152 level. A break below the $152 level might send the price toward the $145 zone. If there is a close below the $145 support, the price could decline toward the $132 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $155 and $152. Major Resistance Levels – $160 and $162.

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 under pressure after failing to reclaim the $180 level, pulling back as part of a broader market correction. The recent rejection highlights a key resistance zone that bulls have been unable to overcome. As global markets experience increased volatility due to rising geopolitical tensions and ongoing trade disputes between major economies like the US and China, risk assets—including crypto—are consolidating or retracing. Related Reading: Ethereum Pulls Back To 20DMA After $2,700 Rejection: Testing Strength At Key Support Despite the pullback, top analyst Ali Martinez believes Solana could still be poised for a rebound. In a recent analysis, Martinez pointed out that as long as SOL holds above the $159 support level, the asset maintains a structurally bullish outlook. This zone now serves as a key threshold for the bulls to defend in the short term. If Solana finds enough demand at these levels, it could set the stage for a sharp recovery and renewed attempts at breaking above $180. For now, the market remains tense, with traders watching both macroeconomic developments and technical levels closely. SOL’s ability to hold critical support may determine whether it joins the next leg of a potential altcoin rally or slides into a deeper correction. Solana Consolidates Quietly While much of the market’s attention remains locked on Bitcoin and Ethereum, Solana has been quietly consolidating in a tight range below the $180 resistance. The lack of volatility in recent days may seem uneventful, but analysts warn that this calm could be the precursor to a sharp breakout. As the broader market digests macroeconomic uncertainty and prepares for a potential altseason, Solana’s technical setup suggests it may be one of the first major altcoins to move. Martinez recently shared an optimistic outlook for Solana, highlighting the importance of the $159 support level. As long as SOL holds this zone, the structure remains bullish. Martinez also noted that the TD Sequential indicator has flashed a buy signal on the chart, typically seen during the final stages of a retracement before a new impulse begins. This aligns with the current low-volume, sideways environment that often precedes large price expansions. If Solana breaks above the $180 resistance with strong momentum, the move could spark an aggressive rally toward previous highs. Given its strong fundamentals, vibrant ecosystem, and historical leadership during bullish phases, Solana is well-positioned to lead if the market transitions into a full-fledged altseason. Related Reading: Ethereum Daily Gas Usage Hits New Highs – Real Demand Powers ETH Growth Solana Tests Support As Market Corrects Solana (SOL) is currently trading around $153.49 after failing to reclaim the $180 resistance zone. The daily chart shows a sharp decline over the past few sessions, with price breaking below the 34-day EMA at $163.20. This move highlights growing bearish momentum and places the spotlight on the $150–$156 support range, where the 50-day and 100-day SMAs converge. Volume has ticked higher during this drop, suggesting stronger selling pressure as traders de-risk amid broader market uncertainty. The failure to hold above key moving averages weakens the short-term bullish outlook, though the structure hasn’t fully broken down yet. If SOL manages to stabilize above $150, this zone could act as a base for a rebound. However, continued weakness below this level may lead to a retest of lower support zones around $144 and $135. That said, RSI levels suggest Solana is approaching oversold territory on lower time frames, hinting that buyers could step in soon. Related Reading: Altseason Loading? Analyst Explains How FTX $5B Distribution May Trigger The Next Bull Leg For a bullish reversal, SOL needs to reclaim the $163 level and push above the $180 resistance. Until then, traders should watch the $150–$159 range closely, as holding this zone is critical for Solana’s next leg in either direction. Featured image from Dall-E, chart from TradingView

As the month nears its end, the crypto market turns momentarily red, with Solana (SOL) retesting a crucial support level that could determine its short-term performance. An analyst suggests that holding the current range over the weekend will be key for the long-awaited rally back to $200. Related Reading: Bitcoin $106,800 Support Retest To Determine Next Move – Breakout Or Breakdown Ahead? Solana Hits Multi-Week Low Amid the crypto market pullback, most cryptocurrencies are recording a red Friday, with Bitcoin (BTC) and Ethereum (ETH) momentarily losing some key levels. Solana, one of the cycle’s leading Altcoins, followed the rest of the market and registered a 6% retracement in the daily timeframe. SOL has seen a significant recovery from its multi-month downtrend, which led the token to hit a 14-month low of $95 during the early April retraces. Over the past month and a half, the cryptocurrency has reclaimed multiple crucial levels, setting the stage for a potential rally. However, the cryptocurrency has struggled to reclaim the key $180 resistance despite hitting a three-month high of $187 a week ago. A reclaim of this key barrier could push SOL’s price toward the $200 mark, enabling a rally to new highs. Today’s price action has sent Solana to a 22-day low of $156 after losing its $164-$180 price range and the $160 support zone for the first time since the May 8 breakout. Trader and analyst Crypto Bullet shared a bearish outlook for Solana, suggesting that the token will underperform for the rest of the year. He highlighted SOL’s trading pair against ETH, noting that the cryptocurrency has been in a rising wedge in the weekly chart since the Q4 2024 rally. According to the SOL/ETH chart posted by the trader, the cryptocurrency has broken down out of the formation after losing the 0.069 mark. To Crypto Bullet, this signals that “ETH will soon pump way harder than SOL.” All Eyes On SOL’s Weekly Close Analyst Rekt Capital pointed out that Solana is attempting to continue Weekly Closing within its Range High resistance, which is key for its long-term rally. He previously explained that the cryptocurrency re-entered its Post-Halving Re-Accumulation Range after successfully reclaiming the $120 barrier last month and consolidating within the $160-$175 range high. To the analyst, SOL’s price “needs to continue demonstrating price stability” around this zone, as that is what is “required for SOL to break out from this range into the $200+ levels.” He affirmed that Solana needs to aim for a retest similar to late 2024, when the cryptocurrency built a base around the Range High ahead of the breakout with multiple weekly closes near the resistance zone, which led to a massive breakout to the $200 mark. Related Reading: Ethereum Repeating Early 2024’s Playbook – $3,800 Target In Sight? Rekt Capital highlighted that SOL has been successfully retesting this area as support over the past few weeks. However, he warned that cryptocurrency mustn’t close below the current price zone as it would “tease a possible loss of this region as support.” A drop below this range could lead to a retrace into the Range Low, between the $120-$135 mark. “Price stability at the Orange Range High going forward is thus key here,” he concluded. As of this writing, Solana trades at $159, an 11.6% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Solana started a fresh decline from the $180 zone. SOL price is now moving lower and might decline further below the $160 level. SOL price started a fresh decline from the $180 resistance zone against the US Dollar. The price is now trading below $170 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $170 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $170 resistance zone. Solana Price Dips Further Solana price failed to continue higher above the $180 level and started a fresh decline, unlike Bitcoin and Ethereum. SOL gained pace and traded below the $170 support level. The price even traded below the $162 level. A low was formed near $160 and the price recently started a recovery wave. There was a move above the $165 level. It surpassed the 23.6% Fib retracement level of the recent decline from the $180 swing high to the $160 low. Solana is now trading below $170 and the 100-hourly simple moving average. There is also a connecting bearish trend line forming with resistance at $170 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $169 level and the trend line. It is close to the 50% Fib retracement level of the recent decline from the $180 swing high to the $160 low. The next major resistance is near the $172 level. The main resistance could be $180. A successful close above the $180 resistance zone could set the pace for another steady increase. The next key resistance is $185. Any more gains might send the price toward the $200 level. Another Decline in SOL? If SOL fails to rise above the $170 resistance, it could start another decline. Initial support on the downside is near the $162 zone. The first major support is near the $160 level. A break below the $160 level might send the price toward the $155 zone. If there is a close below the $155 support, the price could decline toward the $142 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $162 and $160. Major Resistance Levels – $170 and $172.

Solana is currently consolidating just below the $180 level after a strong rally, facing clear resistance as bulls attempt to maintain momentum. While the overall structure remains bullish, upward progress has stalled, and the market is entering a more cautious, tense phase. Buyers are still in control, but they’re struggling to push SOL decisively through this key barrier, keeping the price range-bound in the short term. Related Reading: Bitcoin UTXO Signal Approaches 99% Level – Bullish Signal Or Profit-Taking Setup? Adding to the intrigue, new data from Glassnode reveals that Solana is the only top 10 cryptocurrency (excluding stablecoins) with a negative funding rate. This could signal the early stages of short-side pressure building in the derivatives market. Negative funding suggests that traders are increasingly betting against the asset, even as spot price action holds relatively firm. This divergence between price consolidation and growing bearish positioning could act as a short-term catalyst if bulls regain momentum. Alternatively, it may hint at hesitation from traders who see limited upside in the immediate term. With sentiment on edge and key levels in play, Solana’s next move could set the tone for broader market behavior in the days ahead. Solana Faces Key Test After Rally Solana is at a critical inflection point after gaining more than 95% in value since April. The explosive rally has pushed SOL back to a major resistance zone, where previous supply has repeatedly capped upward momentum. Now, bulls must confirm the uptrend by pushing above this level and establishing a new higher range. A successful breakout here could solidify Solana’s bullish structure and set the stage for a move toward $200 and beyond. However, risks remain. While Solana has outperformed most top assets in recent weeks, some analysts warn that the broader crypto market may be approaching a short-term correction. With Bitcoin consolidating near its all-time highs and macroeconomic conditions tightening, any downside pressure could drag altcoins—including Solana—lower before continuation. Adding to the uncertainty, Glassnode shared a notable data point showing that Solana is currently the only top 10 crypto asset (excluding stablecoins) with a negative funding rate. At -0.0002%, it’s a small shift, but one that may signal the early stages of bearish positioning among futures traders. Negative funding means that short sellers are paying to hold their positions, potentially indicating growing skepticism about short-term upside. This divergence between bullish spot performance and subtle bearish sentiment in derivatives could set up a high-stakes move. If bulls can absorb the pressure and flip resistance into support, Solana could enter a fresh price discovery phase. But if selling intensifies and funding remains negative, a deeper pullback may be on the horizon. For now, SOL is at a key decision point—and the next move could set the tone for the weeks ahead. Related Reading: Solana Bulls Watch The $190 Level – ATHs Back In Sight? SOL Approaches Resistance As Weekly Structure Turns Bullish Solana (SOL) is currently trading at $175.68 on the weekly chart, consolidating just below the $180 resistance zone. After a strong rebound from April’s lows near $90, SOL has gained over 95% and is now approaching a critical level that has historically acted as a supply zone. The recent bullish momentum is notable, with three consecutive green weekly candles and price now trading above the 34-week EMA at $164.82—a level that previously capped upside attempts. The 50-week SMA at $169.48 has also been reclaimed, reinforcing the strength of the current move. Volume remains steady, suggesting buyer conviction is still intact as SOL pushes into this resistance zone. The next key test lies in whether bulls can break and close above the $180–$185 area, confirming a structural breakout and opening the door for a potential retest of the $200–$220 range. Related Reading: Bitcoin Liquidity Builds At $105K Level – Sweep Before New Highs? Failure to reclaim this zone could lead to short-term consolidation or a mild pullback toward the 34 EMA or 50 SMA. However, the current trend favors bulls, with higher lows and stronger weekly closes indicating sustained accumulation. If broader market conditions remain stable, Solana looks poised to attempt a breakout in the coming weeks. Featured image from Dall-E, chart from TradingView

Solana started a fresh decline from the $188 zone. SOL price is now moving lower and might decline further below the $170 level. SOL price started a fresh decline from the $188 resistance zone against the US Dollar. The price is now trading below $180 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $176 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $180 resistance zone. Solana Price Dips Again Solana price formed a base above the $170 support and started a fresh increase, like Bitcoin and Ethereum. SOL gained pace for a move above the $172 and $175 resistance levels. The price tested the $188 resistance before there was a fresh drop to $170. A low was formed near $170 and the price recently attempted a fresh increase. The price cleared the $172 level. It surpassed the 23.6% Fib retracement level of the recent decline from the $188 swing high to the $170 low. Solana is now trading below $180 and the 100-hourly simple moving average. There is also a connecting bearish trend line forming with resistance at $176 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $176 level. The next major resistance is near the $180 level. The main resistance could be $185. A successful close above the $185 resistance zone could set the pace for another steady increase. The next key resistance is $192. Any more gains might send the price toward the $200 level. Another Decline in SOL? If SOL fails to rise above the $176 resistance, it could start another decline. Initial support on the downside is near the $172 zone. The first major support is near the $170 level. A break below the $170 level might send the price toward the $165 zone and the trend line. If there is a close below the $165 support, the price could decline toward the $160 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $172 and $170. Major Resistance Levels – $176 and $180.

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 started a fresh increase from the $165 zone. SOL price is now gaining pace and might aim for more gains above the $180 zone. SOL price started a fresh increase above the $170 level against the US Dollar. The price is now trading above $172 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $170 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $180 resistance zone. Solana Price Rises Above $172 Solana price formed a base above the $165 support and started a fresh increase, like Bitcoin and Ethereum. SOL gained pace for a move above the $170 and $172 resistance levels. The bulls even pushed the price above the $175 level. A high was formed at $177.50 and the price is now consolidating gains above the 23.6% Fib retracement level of the recent wave from the $165 swing low to the $177.50 high. Solana is now trading above $172 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $170 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $178 level. The next major resistance is near the $180 level. The main resistance could be $185. A successful close above the $185 resistance zone could set the pace for another steady increase. The next key resistance is $192. Any more gains might send the price toward the $200 level. Another Decline in SOL? If SOL fails to rise above the $180 resistance, it could start another decline. Initial support on the downside is near the $174.50 zone. The first major support is near the $172 level or the 50% Fib retracement level of the recent wave from the $165 swing low to the $177.50 high. A break below the $172 level might send the price toward the $170 zone and the trend line. If there is a close below the $170 support, the price could decline toward the $162 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $172 and $170. Major Resistance Levels – $178 and $180.

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

Solana started a fresh increase from the $160 zone. SOL price is now consolidating gains and might aim for more gains above the $172 zone. SOL price started a fresh increase above the $165 level against the US Dollar. The price is now trading above $168 and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $167 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $172 resistance zone. Solana Price Recovers Above $165 Solana price formed a base above the $160 support and started a fresh increase, like Bitcoin and Ethereum. SOL gained pace for a move above the $162 and $165 resistance levels. There was a clear move above the 50% Fib retracement level of the downward move from the $177 swing high to the $160 low. Besides, there was a break above a connecting bearish trend line with resistance at $167 on the hourly chart of the SOL/USD pair. However, the bears were active near the $172 resistance zone. The 76.4% Fib retracement level of the downward move from the $177 swing high to the $160 low is acting as a resistance. Solana is now trading above $168 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $172 level. The next major resistance is near the $176 level. The main resistance could be $180. A successful close above the $180 resistance zone could set the pace for another steady increase. The next key resistance is $192. Any more gains might send the price toward the $200 level. Another Decline in SOL? If SOL fails to rise above the $172 resistance, it could start another decline. Initial support on the downside is near the $168 zone. The first major support is near the $165 level. A break below the $165 level might send the price toward the $162 zone. If there is a close below the $162 support, the price could decline toward the $150 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $165 and $162. Major Resistance Levels – $172 and $176.

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 (SOL) is trading around key levels after reaching a local high of $184, struggling to hold support above the $170 zone. This price region is shaping up to be a pivotal battleground, as bulls aim to extend the rally while some analysts warn of an incoming retracement. Optimism remains strong across the market, with altcoins gaining momentum alongside Bitcoin and Ethereum. However, conflicting views persist, with several traders cautioning that Solana may be overheated in the short term following its recent surge. Related Reading: $1.2B In Ethereum Withdrawn From CEXs – Strong Accumulation Signal Supporting the bullish narrative, new data from Glassnode shows that Solana may be undergoing a trend reversal. After months of realized cap outflows, SOL’s 30-day capital inflows have turned positive, currently growing at a steady rate of 4–5%, a pace similar to that of XRP. This uptick in capital inflow indicates renewed demand entering the ecosystem, hinting that investors may be positioning for further upside. As the broader crypto market heats up, Solana’s ability to stay above the $170 level will be crucial in determining short-term direction. A confirmed hold could pave the way for a push toward new highs, while a breakdown might trigger a deeper retrace. Renewed Demand And Key Resistance Define Next Move Solana is currently trading above a critical demand zone, showing strength as it holds firmly above the $170 level. However, to confirm the continuation of a sustained bullish rally, SOL must break and close decisively above the $185 resistance level. This region has acted as a strong ceiling in recent price action, and reclaiming it would likely unlock the momentum needed for further gains. The current rally across the broader crypto market, including Bitcoin and Ethereum, has fueled optimism that a larger bullish phase may be underway. For Solana, this could mark the start of a powerful trend reversal after months of volatility and uncertainty. Importantly, on-chain data supports this bullish case. According to Glassnode, Solana has reversed its negative realized cap flows, with its 30-day capital inflows now back in positive territory. These inflows are growing at a rate of approximately 4–5%, comparable to what is currently being observed in XRP. This shift signals a return of investor confidence and renewed demand within the Solana ecosystem. Such metrics are critical, as they reflect actual capital commitments rather than just speculative sentiment. If momentum continues and SOL reclaims the $185 level, it could trigger an aggressive breakout and lead the altcoin sector higher. The next few days will be crucial for Solana. Holding above support while attempting to break resistance could define the structure of the next major move. A successful push higher would support the idea that Solana is not only recovering but potentially leading the next phase of altcoin expansion. Traders and investors alike are watching closely as this key test unfolds. Related Reading: Ethereum MVRV Pricing Bands Show Key Resistance Around $3,100 Level – Details Solana Finds Support Above 200-EMA But Faces Resistance Near $181 Solana is currently trading at $170.48 after a sharp pullback from the recent local high near $184. As shown on the chart, the price briefly pushed above both the 200-day EMA ($162.21) and SMA ($181.16), two key technical indicators closely watched by traders. This move signaled strength but was quickly met with selling pressure just below a significant resistance zone near the $185 level — the same region where multiple failed attempts have occurred in the past. Despite the recent 3.5% daily drop, the price action remains bullish as long as SOL holds above the 200EMA. The higher low structure remains intact, and the recent retrace could be viewed as a healthy consolidation if bulls defend this range. A sustained move above the 200SMA at $181.16 would likely trigger a fresh wave of bullish momentum and open the door for a push toward the $200-$220 area. Related Reading: XRP Open Interest Surges 41% As Speculation Grows – Over $1B Added In Just One Week Volume remains elevated, suggesting active participation, though a drop in buying interest may signal caution. If the $162 zone fails to hold, a deeper retrace toward $150 is possible. For now, all eyes are on whether SOL can reclaim $181 with strength and set the stage for a sustained breakout. Featured image from Dall-E, chart from TradingView

Solana started a fresh increase above the $175 zone. SOL price is now correcting gains and might find bids near the $172 support zone. SOL price started a fresh upward move above the $160 and $165 levels against the US Dollar. The price is now trading near $175 and the 100-hourly simple moving average. There is a short-term declining channel or a bullish flag forming with support at $172 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $180 resistance zone. Solana Price Corrects Gains Solana price formed a base above the $155 support and started a fresh increase, like Bitcoin and Ethereum. SOL gained pace for a move above the $160 and $165 resistance levels. However, the bears were active below the $185 resistance zone. A high was formed at $184.75 and the price corrected some gains. The price dipped below $180 and $178. The price dipped below the 50% Fib retracement level of the upward move from the $166 swing low to the $185 high. However, the bulls are active above the $172 level and the 61.8% Fib retracement level of the upward move from the $166 swing low to the $185 high. Solana is now trading near $175 and the 100-hourly simple moving average. There is also a short-term declining channel or a bullish flag forming with support at $172 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $178 level. The next major resistance is near the $180 level. The main resistance could be $185. A successful close above the $185 resistance zone could set the pace for another steady increase. The next key resistance is $192. Any more gains might send the price toward the $200 level. Downside Correction in SOL? If SOL fails to rise above the $180 resistance, it could start another decline. Initial support on the downside is near the $172 zone. The first major support is near the $170 level. A break below the $170 level might send the price toward the $162 zone. If there is a close below the $162 support, the price could decline toward the $150 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $172 and $170. Major Resistance Levels – $180 and $185.

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

Solana started a fresh increase above the $162 zone. SOL price is now consolidating near $175 and might extend gains above the $180 zone. SOL price started a fresh upward move above the $155 and $162 levels against the US Dollar. The price is now trading below $165 and the 100-hourly simple moving average. There is a short-term rising channel forming with support at $172 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $176 resistance zone. Solana Price Consolidates Gains Solana price formed a base above the $150 support and started a fresh increase, like Bitcoin and Ethereum. SOL gained pace for a move above the $155 and $162 resistance levels. However, the bears were active below the $180 resistance zone. A high was formed at $180.10 and the price corrected some gains. The price dipped below $175 and $172. A low was formed at $169.53 and the price is now attempting another increase. There was a move above the 50% Fib retracement level of the downward move from the $180 swing high to the $170 low. Solana is now trading above $172 and the 100-hourly simple moving average. There is also a short-term rising channel forming with support at $172 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $176 level and the 61.8% Fib retracement level of the downward move from the $180 swing high to the $170 low. The next major resistance is near the $180 level. The main resistance could be $185. A successful close above the $185 resistance zone could set the pace for another steady increase. The next key resistance is $192. Any more gains might send the price toward the $200 level. Downside Correction in SOL? If SOL fails to rise above the $176 resistance, it could start another decline. Initial support on the downside is near the $172 zone. The first major support is near the $170 level. A break below the $170 level might send the price toward the $162 zone. If there is a close below the $162 support, the price could decline toward the $150 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $172 and $170. Major Resistance Levels – $176 and $180.