Solana flips $150 resistance into support, with consolidation above $145 signaling a possible breakout toward the $170–$175 range.
After defending the $145 level, SOL holds a bullish structure with volume steady at 80.9M and eyes a move beyond $158 resistance.
SOL trades just above key pivot at $143.58, with higher lows from April and compressed candles suggesting coiled momentum ahead.
Solana (SOL) continues to consolidate near its reclaimed support zone after flipping a major resistance level. The price structure signals a possible breakout if buyers maintain momentum above $145 in the coming days.
Retest of Support Zone Defines Market Structure
Price action between $140 and $150 shaped Solana’s trend shift throughout March and April. This zone acted as firm resistance on three separate occasions, preventing upside continuation before mid-April. That structural ceiling eventually gave way following a decisive bullish breakout. Market analyst BATMAN provided a detailed technical analysis of SOL’s shift in behavior following the breakout candle.
Source: BATMAN
This breakout above $150 triggered a string of consecutive green candles, establishing a bullish market structure shift. Interpreting the recent candlestick formation, he explains that buyers defended the $145 zone during multiple retests.
This shift in structure prompted the analyst to take a closer look at current consolidation patterns above $145. The daily chart shows several small-bodied candles resting on the upper boundary of the blue support zone. No long wicks are breaching lower, which confirms ongoing bid support around the $145–$147 range. Evaluating key resistance flips, he finds that price continues holding above previous March highs around $150.
That change pushed him to assess a new breakout scenario targeting $158 and eventually $170. Once price tested support, he elaborated on how bullish continuation patterns often form at zones of reclaimed resistance.
The chart also shows a projected price path marked by an ascending white arrow. This arrow reflects a move beyond the local range high near $158, toward the $170–$175 supply zone.
From the April low near $118, the price advanced nearly 35%, peaking just under $160. Zooming into this move, he breaks down how the tight consolidation signals coiled momentum before directional resolution.
Broader Price Structure Signals Recovery Potential
Solana’s wider trend reveals a multi-phase cycle defined by sharp rallies and major retracements. After peaking near $275 in 2024, the asset corrected by over 50%. The move brought SOL into a $100–$110 demand zone where it stayed for months. borovik.Sol examined this macro structure to frame the current price inside a broader technical narrative.
Source: Borovik.sol
From that double-bottom, he evaluates a clear uptrend now forming higher lows into early May 2025. The current trading price of $143.58 sits right above a major pivot line marked in red. Studying volume inflows, he identifies 80.9 million in 24-hour activity, reflecting strong market interest.
This outcome raised fresh questions, which he addressed in his next breakdown of the long-term range. He views the $170–$175 zone as the next battleground, just beneath the all-time high near $275. With trendline pressure increasing, he analyzes the potential for SOL to reclaim mid-range resistance en route to new highs.
