Solana (SOL) is once again capturing investor attention thanks to renewed bullish momentum. After a brief correction from the recent high around $144, the price held strong above the $130 level — outperforming both Bitcoin and Ethereum. Bulls quickly regained control, with SOL bouncing from a local low near $132 and initiating a fresh upward movement.
Technical Breakout Signals Trend Shift
SOL managed to reclaim the $135 level and successfully broke through a descending trendline at $137, signaling a shift into a short-term bullish zone. The price also climbed above the key 50% Fibonacci retracement level of the previous move from $143 down to $132.
Currently, SOL is trading above $138 and its 100-hour simple moving average, confirming upward pressure. Immediate resistance awaits near $140, followed by key levels at $142 and $145. A successful close above $145 could open the door for further gains toward $150 — and possibly $155.
What If Resistance Holds?
Should SOL fail to break above the $140 barrier, a minor pullback may follow. The first soft support lies around $138, with stronger backing at $135. A dip below $135 could push the price down to the $132 zone. If that support breaks, SOL may decline further toward the $124 level in the near term.
Technical Indicators Show Strength
🔹 MACD (1h): Bullish momentum is increasing as the MACD moves deeper into positive territory
🔹 RSI (Relative Strength Index): Holding above 50, indicating strong buyer interest
🔹 Key support levels: $138 and $135
🔹 Key resistance levels: $140, $142, and $145
Summary:
Solana is showing signs of recovery, and technical indicators support a bullish scenario. A breakout above the $145 resistance level could trigger a stronger rally. However, traders should stay alert for potential pullbacks if the price struggles to stay above $135.
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