Solana Technical Analysis: 25 MAR 2025
Solana is starting to show a promising price structure. Source: TradingView
General View
Solana has shown notable resilience after bouncing from a critical weekly support zone. The price is climbing steadily, recovering lost ground from previous declines. Bulls have reclaimed a key level. Currently, they are attempting to turn it into a support, and if they succeed, the momentum is likely to further improve as the next set of resistances are above the $150 level.
On The Upside
SOL is currently testing the turning support near $142, which previously acted as resistance. A successful hold above this level would open the door for further upside, with intra-day resistances at $150 and $158 being the next key hurdles. A break above these levels could accelerate bullish momentum toward the major resistance zone around $180, where significant resistance is being expected.
On The Downside
Solana is turning a lot of levels into supports ranging between 140 to 136 levels. If bulls succeed in turning this zone into a strong support, it will be very beneficial for the bulls. On the contrary, if bulls fail to defend these levels, a deeper pullback will once again be seen.
Weekly support levels held well despite a deeper test. Source: TradingView
