Solana Technical Analysis: 25 APR 2025
Solana’s structure has flipped bullish. Source: TradingView
General View
Solana has rebounded strongly from the $98 support level and eventually made a steady recovery higher. Bulls have achieved a major milestone by reclaiming the lost weekly support zone and confirming a structural shift above $130. This breakout has brought price back into a former resistance zone, suggesting bulls are attempting to regain control after weeks of downside. The cup and handle structure developing on the lower time frame strengthens the bullish case, provided buyers can hold above the $130 region. A decisive close beyond the neckline would officially kickstart a new trend phase.
On The Upside
Immediate resistance for Solana is currently positioned at the $154 level. This is the neckline resistance of the emerging cup & handle pattern. A clean breakout above this level would likely open the doors towards $165, followed by a push toward $180.
On The Downside
If Solana fails to clear the $154 neckline, short-term pressure could drag the price back toward the $150 to $148 levels. With the ongoing momentum, these levels are expected to offer very strong supportive assistance. Meanwhile, unlikely but if $148 breaks, Solana might extend the downside retests around $142 to $138 levels.
A short-term inverse head and shoulder pattern appears for Solana. Source: TradingView
