HomePrice PredictionsSolana Bulls Take Charge: Can $145 Be the Next Target?

Solana Bulls Take Charge: Can $145 Be the Next Target?

Date:

Solana Technical Analysis: 1 APR 2025

SOL Technical Analysis

Solana is starting to react to the weekly supports once again. Source: TradingView

General View

Solana is showing signs of strength after forming a bullish checkmate pattern near the key support zone. Price action suggests that sellers have lost momentum, with SOL consolidating within a range before initiating an upward push. The ability to hold above the support zone increases the likelihood of a trend reversal. If buyers maintain control, the potential for a breakout towards key resistance levels becomes increasingly favorable.

On The Upside

SOL is currently approaching its first major resistance at $135. A successful break above this level would open the door for further gains toward $145, the neckline resistance from the higher timeframe chart. Bulls would need very strong volumes and momentum to initiate a sustainable breakout from the neckline resistance.

On The Downside

SOL has established strong support between $115 and $120, an area where buyers have actively defended price dips. This level remains critical for maintaining the bullish structure. If the price retraces, this support zone needs to hold to prevent a deeper pullback. Meanwhile, for the session there are fresh intra-day supports now at $127 to $126 levels.

SOL Technical Analysis

Bullish checkmate pattern on Solana. Source: TradingView

Usman Ali
Usman Ali
A writer and market analyst with expertise in cryptocurrencies. He focuses on delivering clear, insightful, and well-structured content, emphasizing advanced trading strategies and in-depth market analysis. His writing style prioritizes clarity and professionalism, ensuring that complex market trends are easy to understand. He is keen on keeping his work organized, direct, and valuable for his audience.

Subscribe To Our Weekly Picks!

- Join over 76,000+ subscribers

- Weekly picks delivered to your email

- It's free to subscribe!

Recent Altcoin News

SPONSORED ADVERTISEMENTspot_img

Latest News Stories

Is China Replacing US Treasurys With Gold and Bitcoin?

Geopolitical tensions and global uncertainties have pushed central banks to explore some ways to...

Dragonchain Lawsuit Dismissed as SEC Reverses Crypto Enforcement Policies

The SEC dismissed Dragonchain's lawsuit, citing new policy and Crypto Task Force efforts.Dragonchain maintained...

Swiss Central Bank Rejects Bitcoin Reserve Proposal Amid Crypto Campaign

The Swiss National Bank rejected calls to hold Bitcoin, citing volatility and liquidity concerns.A...

North Korean Hackers Target Crypto Developers Using Fake U.S. Firms

Hackers posing as U.S. crypto firms targeted developers with malware through fake online job...

SEC Delays Polkadot and Hedera ETF Decisions to June 2025

SEC delays decisions on Polkadot and Hedera ETFs until June 11 amid growing crypto...