Solana’s Golden Cross Signals Potential Rally to $240

Solana (SOL) is showing strong bullish signals as it approaches a Golden Cross on its price charts, with analysts predicting a potential surge to $240. Currently trading around $161.45, SOL’s technical setup suggests significant upside momentum ahead.

Solana Nears Golden Cross on Price Charts: How High Can SOL Go?

Solana’s price action has stalled around $170 after reclaiming that level earlier this month. A bullish technical formation—the Golden Cross—now appears on SOL’s charts, with the 50-day moving average crossing above the 200-day moving average. This classic pattern often precedes sustained upward momentum.

Analysts suggest the setup could propel SOL toward $240, representing a 50% gain from current levels. Market participants are watching for a decisive break above $200 as confirmation of the rally. Historical data shows solana has delivered similar percentage gains across varying timeframes, though the speed of this potential move remains uncertain.

Solana Bulls Eye Short Squeeze as SOL Tests Key Resistance Zone

Solana’s native token SOL gained 2.14% to trade at $171.47, approaching a critical resistance cluster between $176 and $188. The rebound from recent lows comes amid rising social dominance metrics and favorable technical indicators.

Liquidation heatmaps reveal concentrated short positions above current price levels, creating potential fuel for an upward squeeze. Retail interest appears to be returning, with Solana Social Dominance reaching 5.18% as the asset demonstrates renewed bullish momentum.

Solana Price Nears Critical Support Amid Bearish Signals

Solana (SOL) faces mounting bearish pressure as its price approaches the 200-day exponential moving average at $162.42. A decisive close below this level could trigger accelerated selling, with technical indicators pointing to a potential decline toward $141.41.

Market sentiment has turned sharply negative, evidenced by CoinGlass data showing short positions at their highest level in over a month. The cryptocurrency currently trades at $165.40, with momentum indicators flashing warning signs of further weakness.

Solana Q1 Review: Revenue Surges Amid Fee Reductions, Though DeFi TVL Declines

Solana’s ecosystem demonstrated robust growth in Q1 2025, with chain revenue climbing 20% quarter-over-quarter to $1.2 billion according to Messari data. January alone accounted for nearly 60% of quarterly revenue, signaling a strong recovery from prior volatility.

While transaction fees declined, the network solidified its position as a top-tier blockchain. "Solana’s economy is booming," observed crypto Banter in a social media commentary. The chain’s performance highlights its resilience despite ongoing challenges in decentralized finance total value locked.