Solana (SOL) Price Prediction: Watching the $145 Level for a Potential Shift

Solana is currently trading just below the $145 resistance level as it attempts to move higher in the short term. This recent push follows a bullish divergence on the daily timeframe which we discussed in our last update. That signal helped the price find a floor near $120 before gaining the momentum needed to push the price towards $140 region. While the price action on shorter timeframes looks positive, the broader trend has yet to show a definitive reversal. We are at a stage where the market is deciding if this recovery has staying power or if the larger bearish trend will resume. To get a better sense of what to expect, lets take a look at the latest Solana charts to see where the price could be headed in the coming days.

Our Solana Price Prediction Summary

• Solana is currently testing the $145 resistance level after finding steady support near the $120 mark.
• A daily candle close above $145 could signal a move toward $170, while a rejection might lead to a retest of the $110 to $120 price range.
• Despite the recent short-term bounce, the broader trend remains neutral to bearish until the price clearly breaks out of its current sideways consolidation.

Analyzing the Charts

Short-Term Momentum Within the Range

The latest 4-hour charts show that Solana is building momentum as it prepares to test the $145 level once again. While this move is a positive sign, it is important to note that the broader trend has not yet shifted. The price has been moving sideways for several weeks, oscillating between the $120 support and the $145 resistance. This recent strength has given buyers some temporary control, but the outlook remains unchanged as long as Solana stays within this consolidation zone. Without a clean break above these levels, the current downtrend is expected to continue until the market finds a new direction.

Daily Outlook and Key Pivot Points

When switching to the daily timeframe, there is a visible curve as the price bounces back from the $120 mark following the bullish divergence. This movement shows some strength, but the broader downtrend is still intact since the price continues to make lower highs and lower lows. We have not yet seen a clear signal that the trend is reversing. If Solana can break above $145 and close a daily candle above that level, it would be a positive sign that could lead to more momentum toward the $170 area. However, a rejection at this resistance would likely end the current relief rally. In that case, we could see a retest of $120, with the $100 level also becoming a possibility in the coming weeks.

The Long-Term Support Structure

Switching to the weekly timeframe provides a broader perspective on why the $120 area is such a critical level for Solana. After the recent correction, the price has the potential to find a floor here because this zone has acted as a reliable support during previous pullbacks. It is also important to note that during the last significant move lower, the price briefly dipped to $110 before finding enough demand to bounce. This makes a move toward that secondary level a distinct possibility if the current bearish trend does not shift soon. If the buyers cannot maintain control at the current support, we will likely see a test of that $110 mark to determine where the true long-term bottom resides. It is also why our current Solana price prediction is leaning towards the bearish side.

Final Takeaway: What is Next for Solana?

Solana is currently trying to retest the $145 resistance following a steady bounce from its recent lows. Although the short-term momentum looks promising, the broader trend remains cautious until the price can decisively move beyond this sideways range. A successful break above $145 could open the door for a move toward $170, while a rejection at this level would likely lead to a retest of the $120 support or perhaps the $110 mark. Investors should keep a close watch on the daily price action to see if Solana can maintain its current strength or if it will continue to trade within this consolidation zone.