Solana (SOL) at a Turning Point: Bulls Dig In at $150 Support for Potential Mega Rally

Solana's price action is flashing green shoots as buyers mount a fierce defense at the $150 level—a make-or-break zone that could trigger the next leg up.

The Battle for $150

SOL's chart shows textbook bullish rejection at critical support. If this holds, we're looking at a classic Wyckoff spring setup—traders who missed Bitcoin’s recent ATH chase are piling into altcoins like it’s 2021 again.

Liquidity Hunt in Play

Market makers love nothing more than running stop hunts below psychological levels. With SOL’s perpetual funding rates flipping positive, the stage is set for a violent squeeze past $180 resistance—unless, of course, this is another ‘vampire attack’ by Ethereum maximalists.

The Cynic’s Corner

Remember when analysts called every 10% bounce ‘the start of a new bull market’ during the 2022 carnage? This time it’s different—until it isn’t. But with SOL’s network activity actually growing while other chains stagnate, even the skeptics are quietly rotating out of their ‘stablecoin yields’ (read: glorified money market accounts).

After fading momentum, Solana is finally showing a bullish perspective ahead. Solana price has dipped into a familiar demand zone where past rallies have often begun, sparking renewed optimism among participants.

Reversal Attempts Emerge in Solana’s Demand Zone

After an extended consolidation phase, solana has now dipped into a major demand zone between $150 and $160, a region that has repeatedly acted as a springboard in previous cycles. BitGuru’s structure indicates that buyers are beginning to re-accumulate, with early signs of a potential reversal visible in the intraday chart.

Solana’s price tests a key demand zone between $150 and $160, where early reversal signs hint at renewed buyer strength. Source: BitGuru via X

If this base continues to hold, a short-term rebound towards $175 to $185 appears likely, matching prior resistance clusters. The presence of bullish divergence on lower timeframes adds further weight to the possibility that solana price may be entering a bottoming accumulation stage following weeks of corrective pressure.

Potential Double Bottom Structure Forming

CryptoBusy’s latest SOL chart showcases a developing double-bottom formation NEAR the $146 to $150 range, a pattern often signaling trend exhaustion and reversal. The neckline for confirmation sits around $170, and a breakout above this could trigger the next impulse wave.

Solana forms a potential double-bottom pattern near $146 to $150, signaling possible trend reversal ahead. Source: CryptoBusy via X

This setup gains credibility as volume has shown mild expansion on recent upticks, while RSI is stabilizing near oversold territory. As long as Solana price maintains structural integrity above $145, the risk-reward remains favorable for an eventual breakout attempt.

Institutional Outlook Supports Long-Term Bull Case

A latest statement from Bitwise CIO has emerged in which its believed that Solana price could 5× its market share in the coming cycles. This view reinforces the broader thesis that current price levels significantly undervalue Solana’s network strength and scalability.

Institutional Optimism aligns with on-chain growth and increasing adoption. Despite short-term volatility, long-term fundamentals position Solana as one of the most promising large-cap networks heading into 2026.

Solana Price Analysis

Solana’s break below $180 has pushed it towards a key weekly demand block between $120 and $130, a region that historically triggered large reversals. Despite recent weakness, SOL’s broader higher-timeframe structure remains bullish as long as this block holds firm.

Solana tests its weekly demand block between $120 and $130, with buyers aiming to defend the zone for a potential rebound. Source: ShangoTrades via X

ShangoTrades believes that if SOL buyers can defend this range, a relief bounce towards $180–$200 becomes the likely scenario. A clean weekly close below $120, however, WOULD invalidate the mid-term bullish bias and expose deeper retracement levels near $100. Until that point, the Solana price still represents a higher-low formation zone within the macro uptrend.

Solana Price Prediction: Bullish Structure Points Towards $320

Robo’s analysis on the Solana weekly chart reveals a large ascending triangle pattern that has been forming since early 2023. The support trendline has held firm through multiple tests, while resistance near $280 to $300 continues to compress price action into a tightening apex.

Solana’s long-term structure forms a massive ascending triangle, hinting at a breakout target toward $320. Source: Robo via X

The measured MOVE from this structure suggests a breakout target around $320, which would align with Solana’s next major Fibonacci extension zone. Momentum indicators also remain constructive, with MACD flattening and long-term EMAs aligning for a potential crossover. As Robo puts it, “good things take time”, and the weekly outlook indeed signals brewing strength beneath the surface.

Final Thoughts

Solana’s multi-timeframe picture paints a story of gradual recovery after DEEP corrective pressure. From the $150 to $160 demand zone to the potential double-bottom and ascending-triangle formation, technical confluence continues to build in favor of accumulation.

Institutional support, led by comments from Bitwise and sustained network activity, reinforces Solana’s standing as a top contender for the next market expansion phase. If short-term supports hold and $180 is reclaimed, the stage could be set for a steady climb towards $250 to $320 in the coming months.

In essence, while volatility persists, Solana’s structural resilience and growing ecosystem point to renewed upside potential as 2025 unfolds.