Solana rebounds from $150 support with bullish divergence and higher lows, setting sights on $196.22, $238.80, and possibly $300.
SOL trades at $179.75 after 3.79% weekly gain as symmetrical triangle breakout and strong volumes point to further upside.
With $150 as a pivot and $233.80 resistance in view, Solana could rally to $290 or $457.97 if momentum and accumulation continue.
Solana (SOL) bullish signs indicate more upside. The cryptocurrency is trading at $179.75, up 3.79% in the previous weekly session. With the strong rebound from the $150 support level, experts say SOL can revisit previous highs. With that, price levels of $196.22, $238.80, and even $300 are now within reach, driven by technicals and the added market focus.
The continued upside follows a deep correction early in 2024. SOL dropped from a $300 high in December 2023 to around $110 in March 2024. This level, however, was a critical support zone, triggering a strong reversal. Solana has been forming higher lows ever since, contributing to the bullish market structure. Additionally, the $150 level remains a pivot point. Trading above this point keeps the bullish perspective intact.
Hidden Divergence Fuels Recovery Outlook
Besides the obvious price action, technical indicators also highlight a hidden bullish divergence. This pattern formed in late 2024 while price held steady. Meanwhile, momentum indicators trended downward. Hence, this divergence hints at an underlying bullish strength building quietly. The most recent green candlestick on May 14, 2025, supports this thesis.
Source: Javon Marks
Additionally, two major resistance levels now stand out: $233.80 and $347.87. These have historically acted as barriers during strong rallies. Currently, SOL sits mid-range between recent support and the $233.80 resistance. Breaking above the $196.22 level could confirm further momentum toward the upper zones. The potential move to $290 and even $457.97 may not be far-fetched if momentum continues.
Symmetrical Pattern Signals Possible Breakout
SOL’s price has also respected a large symmetrical triangle pattern since late 2023. This triangle saw a downside break during Q1 2024, but the recovery since March appears strong. Moreover, the recent bullish candle formations indicate growing investor confidence. Higher trading volumes during trend shifts further validate the ongoing recovery.
Source: Rose Premium
Consequently, as long as SOL holds above $150, bulls are likely to remain in control. Hence, targets of $238.80 and $290.16 are realistic. Ultimately, if the momentum holds, Solana may challenge psychological $300. Long-term projections even place $450 in view, driven by bullish technical alignment and sustained accumulation.
The post Solana Targets $300 as Bulls Regain Control Above Key Support appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
