Solana Technical Analysis: 27 MAR 2025
Solana is testing the supports at $137/$136. Source: TradingView
General View
Solana recently broke out of an ascending triangle pattern but is now undergoing a retest of the breakout level near $137. The initial bullish push was met with resistance around $145, leading to a pullback. Yesterday’s dip disrupted momentum, and since then, price action has slowed. If buyers manage to defend this key support zone, SOL could resume its upward movement. However, failure to hold here may invalidate the breakout and trigger a deeper retracement.
On The Upside
Solana is currently struggling to hold its strength. As for bullish continuation, SOL needs to maintain strength above $137 and reclaim $140. If buyers step in, the next upside targets lie at $152 and $158, where intra-day resistance could challenge further advances.
On The Downside
If SOL fails to hold the $137 support, a drop toward $132 intra-day support becomes likely. This is a trendline support which has been holding well lately. Ideally, bulls need to react here to protect the trend, as any breakdown below this opens $126 to $122 levels.
Horizontal and trendline supports are starting to converge. Source: TradingView
