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Solana Bulls Charge Toward Make-or-Break Resistance Level

Solana Bulls Charge Toward Make-or-Break Resistance Level

Author:
Cryptodnes
Published:
2025-05-05 07:00:27
8
2

Solana (SOL) is approaching a critical technical inflection point as bullish momentum builds. The cryptocurrency has surged 18% this week, testing a multi-month descending trendline that’s served as both resistance and a breakout springboard in past cycles.

Key levels to watch: A clean break above $150 could trigger algorithmic buying and open path to $180. Failure here might see profit-taking down to $130 support.

Traders are split—SOL’s high throughput keeps developers hooked, but the ’Ethereum killer’ narrative keeps getting interrupted by network outages. Typical crypto: revolutionary tech that can’t stay online for a full quarter.

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For now, traders are closely watching the $146 level, which has become a battleground for short-term support. Should this line fail, the next level to defend lies at $136—a zone that may be tested if bullish strength falters.

MakroVision’s report notes that while the recent breakout signals improving technical structure, Solana’s path upward hinges on overcoming this resistance wall in the sessions ahead.

Alexander Stefanov

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