Solana price today appears to be gaining bullish traction, with the SOL price rebounding strongly from the $120 support zone. Over the past 30 days, the altcoin has gained 8.9%, including a 6.3% rise in the last week.
According to Coinpedia Markets, at press time, Solana is trading at $140.22, with immediate resistance at $142 and stronger resistance around $145.
Solana Price Rebounds from April Lows
After plunging to $95.19 on April 7, SOL witnessed a surge in buying pressure. By April 11, the token reclaimed the $120 level, which has since acted as solid support. This price recovery has been underpinned by positive technical signals.
Solana is now trading above the 100-day Simple Moving Average (SMA) at $136.85, which has flipped into support. A bullish trendline has also formed on the hourly chart, with an additional support zone around $137–$138.50.
On the daily chart, the Relative Strength Index (RSI) is at 58.89—indicative of bullish momentum. The MACD indicator further confirms the upward trend.
- Also Read :
- Bitcoin Breaks The Barriers, Rises Above $87,000—A Rise to $100K Seems to be Inevitable in Q2 2025
- ,
What’s Next For SOL Price?
Despite the strong recovery, crypto analyst Ali has flagged a short-term bearish signal using the TD Sequential indicator on the 12-hour chart. The indicator has flashed a “sell” signal, suggesting the possibility of a brief pullback before the next leg higher.
If SOL dips below the $137 support level, a move down to $132 could follow. However, if bulls manage to push past the $145 resistance and sustain above $150, Solana may target $155 and even $165 in the short term.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed