Solana trading volume jumped from $74.50B to $78.50B as buyers returned, driving a potential breakout from the W-shaped rebound.
Price bounced from $125.99 to $148.83, forming a strong bullish structure with $138.00 now acting as a crucial support zone.
Solana’s $179.64 high remains untouched, but sustained volume above $78B may fuel a fresh test of the $150–160 resistance band.
Solana’s trading volume, sourced from CoinMarketCap, has surged sharply from around $74.50B to a robust $78.50B. This bounce in volume appears alongside a potential W-shaped structure on Solana’s price chart, signaling renewed optimism among traders watching key support and resistance levels.
Volume Growth Signals Market Reawakening
Solana volume stayed flat near $75.00B before spiking toward $76.50B by 8:00 PM, then briefly dipping below $75.50B. This pullback was followed by a resilient rebound that carried Solana volume past $77.00B through the early morning hours. The chart shows Solana finally pushing above $78.00B, hitting $78.50B before easing back slightly yet staying strong above $78.00B.
Source: CoinMarketCap
Assessing Solana’s price action as volume climbed, Solana printed a peak at $179.64, then retraced to $141.84, forming a clear double-bottom near that level. Buyers regained momentum, lifting Solana toward $163.70 before another move down ended at $125.99. Solana’s quick rally to $148.83 after the $125.99 low shows this market still holds notable upside pressure. The $138.00 zone has now become a critical pivot, as Solana eyes a move toward $153.00 if support holds.
SOL Price Patterns Suggest Bullish Rebound
Solana’s current setup reflects repeated attempts to bounce back, staying structurally bullish while price action remains within the wide $125.99–$168.49 channel. The initial $179.64 high still acts as a long-term resistance that has yet to be retested, while reactions at $141.84 and $148.83 guide traders’ short-term outlook. The data shows Solana’s price rallying sharply off deep lows, confirming active buyer interest.
Source: (X)
According to technical analyst BitGuru, Solana’s recent W-shaped recovery signals a possible retargeting of the $150–160 zone if the market stays above $138.00. Traders now weigh the risk of a fresh drop below $135.00 against the bullish continuation scenario. The steady climb in Solana’s volume and price both mirror a broader recovery-based narrative, where resilience at historic supports keeps sentiment intact.
Solana’s market, therefore, remains highly dynamic, with daily volume swings of nearly $4B and price swings of over $50. The price path shows a rounded retest with eyes on a possible breakout above $150. This pattern, backed by volume, illustrates how Solana’s technical strength is building despite earlier volatility.
