As of now, Solana trades around USD 138–140.
📈 Trend & Structure
On the weekly chart, SOL has maintained a long-term uptrend since late 2022, forming higher highs and higher lows — a bullish structure still intact. Key support is near USD 120–130, where significant volume previously accumulated and the long-term moving averages align.
Resistance lies in the range of USD 210–220, a zone SOL attempted to break in 2024 but failed to hold, with a previous all-time high near USD 260.
🔧 Indicators & Momentum
On shorter timeframes, technical indicators suggest a consolidation phase. A recent daily chart shows the MACD around neutral/slightly bullish, hinting at an accumulation stage before a possible breakout. Meanwhile, moving averages on daily/weekly intervals generally support a bullish bias as long as price stays above key EMAs and support zones.
Volume has decreased lately — which can signal either weakening interest or preparation for a fresh move. A volume spike, if seen on breakout from consolidation between ~$180–220, would strengthen confidence in a renewed upward phase.
🎯 Scenarios Ahead
Bullish scenario: If SOL reclaims resistance around $210–220 and breaks through convincingly, next possible targets are $260–$295.
Bearish scenario: If it fails to hold the support near $130–150, price could slip back toward $100–$110 — a deeper correction zone.
$SOL #solanAnalysis