Solana (SOL) Bounces Off Support—Next Leg Up Imminent

Solana’s price floor holds firm—traders eye a breakout as bullish momentum builds.

After weeks of sideways action, SOL bulls finally get their moment. The cryptocurrency found reliable support at key levels, shrugging off broader market jitters. Now, technicals suggest a resumption of its uptrend.

Active addresses and DeFi TVL tell the real story. While Bitcoin waffles, Solana’s ecosystem keeps grinding—proof that some chains actually ship while others collect ’network fees’ like tollbooth operators.

Watch the $180 resistance. A clean break here could send SOL racing toward its previous all-time high. Just don’t tell the ’fundamentals matter’ crowd—they’re still waiting for their 2018 bags to break even.

Solana Price Corrects Gains

Solana price formed a base above the $155 support and started a fresh increase, like Bitcoin and Ethereum. SOL gained pace for a move above the $160 and $165 resistance levels.

However, the bears were active below the $185 resistance zone. A high was formed at $184.75 and the price corrected some gains. The price dipped below $180 and $178. The price dipped below the 50% Fib retracement level of the upward MOVE from the $166 swing low to the $185 high.

However, the bulls are active above the $172 level and the 61.8% Fib retracement level of the upward move from the $166 swing low to the $185 high. solana is now trading near $175 and the 100-hourly simple moving average. There is also a short-term declining channel or a bullish flag forming with support at $172 on the hourly chart of the SOL/USD pair.

On the upside, the price is facing resistance NEAR the $178 level. The next major resistance is near the $180 level. The main resistance could be $185. A successful close above the $185 resistance zone could set the pace for another steady increase. The next key resistance is $192. Any more gains might send the price toward the $200 level.

Downside Correction in SOL?

If SOL fails to rise above the $180 resistance, it could start another decline. Initial support on the downside is near the $172 zone. The first major support is near the $170 level.

A break below the $170 level might send the price toward the $162 zone. If there is a close below the $162 support, the price could decline toward the $150 support in the near term.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone.

Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level.

Major Support Levels – $172 and $170.

Major Resistance Levels – $180 and $185.