Solana Technical Analysis: SOL Maintains Bullish Structure With Strong On-Chain Support

Source: CoinEdition Original Title: Solana Price Prediction: SOL Price Action Signals Strength Despite Cooling Momentum Original Link: Solana continues to draw attention as price action maintains a clear bullish structure. The token has respected higher highs and higher lows since late December.

Traders now focus on whether momentum can extend beyond nearby resistance zones. Besides technical strength, derivatives and flow data provide added context for short-term direction.

The recent recovery follows a sharp rebound from December’s $117 low. Since then, buyers have defended pullbacks with discipline. Moreover, price now trades comfortably above key short-term trend indicators.

This structure signals confidence rather than speculative spikes. However, upside continuation still depends on how Solana behaves near overhead supply.

Bullish Structure Holds Above Key Trend Levels

Solana reclaimed the Ichimoku cloud and continues to hold above key baseline levels. Short-term momentum remains constructive. Candles stay supported by both the Tenkan-Sen and Kijun-Sen. Additionally, the forward cloud appears thin, which limits immediate resistance pressure.

Price now reacts near the $140.50 to $141.00 region. This zone aligns with a major Fibonacci retracement. Consequently, traders treat this area as a decision point. A clean move higher could expose the $146.90 to $147.00 swing high. Beyond that, the $150 level stands as a psychological target.

On the downside, buyers continue to defend the $135.50 to $136.00 area. This level marks the first meaningful pullback zone. Moreover, $132 remains an important midpoint from prior consolidation. A deeper retracement toward $128 could test trend strength. Failure there would weaken the broader bullish setup.

Futures Positioning Signals Controlled Risk Appetite

Solana futures open interest has expanded steadily over time. Significantly, this growth tracked price advances rather than sudden leverage spikes. This behavior suggests trend participation instead of speculative excess. Open interest peaked near $8.3 billion during strong upside phases.

Recently, open interest has eased slightly. However, the pullback appears orderly. Traders seem to reduce risk without abandoning long exposure. This pattern often supports trend durability. Moreover, controlled deleveraging lowers liquidation risk during consolidation phases.

Spot Flows Reflect Selective Participation

Spot flow data shows consistent exchange outflows over extended periods. Many holders prefer off-exchange custody. Red outflow bars dominate, even during price rebounds. This trend reflects confidence rather than panic selling.

However, short inflow bursts appear near local highs. These moves suggest profit-taking into strength. Additionally, inflows fail to persist, showing limited aggressive demand at higher prices. Recent netflows remain slightly negative. Consequently, buyers appear selective and reactive.

Technical Outlook for Solana Price

Key levels remain clearly defined as price trades within a short-term bullish structure.

Upside levels sit at $140.50–$141.00 as the first hurdle, followed by $146.90–$147.00 as the key swing-high resistance. A confirmed breakout above this zone could open a path toward the $150 psychological level.

On the downside, $135.50–$136.00 acts as immediate support, with $132.00 as the next buffer from prior consolidation. Deeper weakness could expose the $128.30–$126.30 cloud support, where trend stability becomes critical.

The broader technical picture shows Solana holding above the Ichimoku cloud, suggesting controlled bullish momentum rather than exhaustion. Price structure favors continuation as long as buyers defend the mid-$130s.

Will Solana Go Higher?

The near-term bias depends on holding $135 and clearing $141 decisively. Stronger momentum and steady inflows could drive a retest of $147 and potentially $150.

However, failure to defend $135 risks a pullback toward $132 or the cloud base. For now, Solana remains in a pivotal zone, with confirmation needed for the next directional leg.