Solana Shows Bullish Momentum on 8-Hour Chart – Surpassing $147 May Signal Trend Reversal

As of April 18, 2025, Solana (SOL) is exhibiting strong bullish signals on the 8-hour timeframe, with technical indicators suggesting a potential upward trajectory. A decisive break above the $147 resistance level could confirm the emergence of a new bullish trend, attracting further buying interest from traders and investors. Market participants are closely monitoring this key price level, as it may serve as a catalyst for additional gains in the near term. The current price action reflects growing confidence in Solana’s underlying fundamentals and ecosystem developments, positioning it as one of the standout performers in the cryptocurrency market.

Bulls Must Hold the Line as Market Faces Trade War Pressure

Solana is currently trading in a make-or-break zone, having lost 55% of its value since reaching its all-time high in January. This decline mirrors a broader crypto and equities market correction that began when macroeconomic tensions escalated—most notably due to rising inflation, global instability, and intensifying trade war rhetoric between the United States and China.

Bulls now face a critical moment. Solana must hold current levels and reclaim key resistance zones to spark a recovery rally. Failing to do so could open the door to a sharp meltdown in price, particularly if macro conditions continue to deteriorate. US President Donald Trump’s unpredictable policy decisions, especially surrounding tariff impositions, have created a hostile environment for risk assets like Solana. Ongoing tariff escalations with China are only adding to market uncertainty, further weighing on investor sentiment.

However, there is a glimmer of hope from the technical side. Seth shared insights suggesting that Solana has flipped bullish on the 8-hour chart. According to his analysis, a break above the $147 level would confirm a trend shift and potentially pave the way for a sustained recovery. For now, all eyes remain on whether SOL can clear this level or face renewed pressure in a volatile global climate.

Solana Faces Pivotal Resistance: Can Bulls Break Through?

Solana (SOL) is currently trading at $132 after several days of struggling to reclaim this key resistance zone. Price action remains uncertain, and bulls must now show strength to avoid a deeper correction. Reclaiming the $132–$135 range is crucial, as it could confirm short-term momentum and signal the start of a recovery rally.

To establish a higher high and shift the current downtrend structure, SOL must push decisively above the $150 level. This area has served as a strong rejection point in previous attempts and stands as the next major test for bullish continuation. A clean breakout above this level could open the path toward higher targets and renewed investor confidence.

However, if bulls fail to defend the $125 support level, Solana may risk a drop back to lower demand zones around $100—or potentially even lower, depending on broader market conditions. Macroeconomic uncertainty, continued trade tensions between the U.S. and China, and overall weakness in altcoins are all contributing factors weighing heavily on SOL’s price.

For now, traders are watching the $135 level closely. A breakout above this key threshold could shift the tide in Solana’s favor. Until then, caution remains warranted.

Featured image from Dall-E, chart from TradingView