Solana (SOL) **, one of the top-performing altcoins of the last cycle, is now facing a critical technical moment. After a turbulent start to 2025 marked by a prolonged downtrend, the token is showing early signs of a potential trend shift. With recent price stabilization and a gradual climb from local lows, traders and investors alike are watching closely for the next big move.** Is Solana preparing for a breakout that could reignite bullish momentum, or is this just another deceptive bounce before further downside? Let’s dive into the charts and indicators to find out what’s next.
Solana Price Prediction: Is Solana Price Gearing Up for a Major Trend Reversal?
SOL/USD Daily Chart- TradingView
Solana (SOL) has been slowly climbing out of a multi-week downtrend that began after its local high near $210 in late December 2024. After bottoming out near the $120 level in early March, SOL price has shown signs of stabilization. This latest consolidation phase hints at an impending breakout—or a potential fakeout that could catch traders off guard.
On the daily chart, SOL price has reclaimed the 20-day Simple Moving Average (SMA) and is attempting to establish support above it. However, the price is still below the 50-day and 100-day SMAs, which currently act as dynamic resistance levels near $154 and $183, respectively. The 200-day SMA—hovering at approximately $183.28—remains a long-term ceiling, emphasizing that SOL still needs to prove itself before a full-blown bullish trend resumes.
>>Click Here to Buy Solana on Bitget<>Click Here to Buy Solana on Bitget<<
Could a Breakout Be Imminent or Is It a Bull Trap?
The current chart structure resembles a rounded bottom pattern with a tightening price range. This pattern often precedes a breakout move, and the confluence of narrowing candles with rising volume could confirm such a move soon. However, without a decisive close above $155 and sustained buying pressure, the risk of a bull trap remains high.
Volume analysis and RSI divergence will be critical in the next few sessions. If buyers step in strongly on higher-than-average volume while RSI climbs above 50, it may validate a genuine breakout. On the contrary, a failed test of the $145–$150 resistance zone followed by a breakdown below $130 would likely trigger a retest of March lows.
Solana Price Prediction: What's Next?
If bulls manage to push Solana price above $155 in the next few days, the next price target lies around $170, with a bullish extension potentially reaching $200 within the next few weeks. However, failure to do so could result in a pullback toward $130 or even $120 before any sustainable rally takes place.
Overall, Solana is at a pivotal technical juncture. The price is compressing between short-term moving averages and horizontal resistance, indicating a strong move is imminent. Whether it's upward or downward depends on how price reacts to the $145–$155 resistance range in the coming sessions.
Comments (0)