Solana price forecast

Solana ended its downward trend on March 10 and has been consolidating around $135, a key level for the Ethereum alternative token.

At the time of writing, SOL trades at $138.75.

SOL rallied nearly 20% in the past week and nearly 8% in the past month. With $125.82 being the support level for the altcoin, it coincides with the upper boundary of an imbalance zone on the SOL/USDT daily price chart.

Two key momentum indicators, RSI and MACD support a bullish thesis in Solana. The green histogram bars above the neutral line and RSI sloping upwards with a reading of 56 suggest an underlying positive momentum in SOL price uptrend.

#solana Solana could rally 13.33% and test the $152.90 level, a key resistance and previously a key support for the altcoin. If Solana successfully flips the $152.90 level from resistance to support, a rally towards resistance at $180, a sticky resistance for the altcoin throughout March and the first two weeks of April 2025.