HomePrice PredictionsSOL AnalysisSolana’s Breakout Sparks Momentum! Is $150 the Next Stop?

Solana’s Breakout Sparks Momentum! Is $150 the Next Stop?

Date:

Solana Technical Analysis: 15 MAR 2025

Solana Technical Analysis

Solana’s price chart for 15th March 2025. Source: TradingView

General View

Price steadily climbs as Solana breaks out of the ascending triangle pattern. The bulls are currently holding the breakout, however, the price is starting to feel pressure from the MA-100 level. If bulls can hold above the breakout level in the coming hours and break the MA-100 resistance, then the door opens for an extended push toward higher resistance zones. Meanwhile, sustained strength could further accelerate recovery.

On the Upside

Solana faces immediate resistance at the $137.60 level. This level is occupied by the MA-100, a level that has not been convincingly reclaimed since January 2025. A breakout above this resistance would show strong bullish intent. Above the MA-100 resistance level, the next intra-day resistance is at $139.90, and clearing this level extends the upside towards $150.00 to $153.50.

On the Downside

Price has successfully flipped the $129.80 to $132.00 resistance into support, establishing a strong intra-day base. Now, as long as this range holds, bulls have nothing to worry about. However, any pullback below this range would slow down the momentum and expose Solana to a deeper correction towards the trendline support at $125.

Solana Technical Analysis

Solana’s ongoing descending channel formation. 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.

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