Solana Technical Analysis: 21 MAR 2025
Solana’s short-term established range levels. Source: TradingView
General View
Solana (SOL) has been consolidating within a defined range, with price currently testing the mid-range level of around $126. This area has previously acted as both support and resistance, making it a key battleground for bulls and bears. If buyers can hold this level and absorb selling pressure, SOL could attempt another push higher. However, failure to hold could trigger a deeper retracement toward the lower support levels.
On the Upside
A successful defense of the mid-range level at $126 would set up a potential move towards the next resistance at $130.87 (mid-mid point), which has been a notable reaction zone in the past. If bullish momentum sustains, SOL could target the range high near $136, where strong resistance awaits. A breakout above this region would indicate renewed bullish strength, possibly leading to further upside expansion.
On the Downside
If SOL fails to hold the mid-range level, the next area of interest is around $120.76 (mid-mid point), which aligns with previous reaction lows. A break below this would expose the lower boundary of the range near $116, a significant demand zone.
Solana testing the trendline resistance of the downward channel. Source: TradingView
