Will Solana (SOL) Break $150? Check out our latest analysis and April 2025 projections!

Jakarta, Pintu News – Solana SOL->Current SOL PriceRp 0Market Cap-Trading Volume-Circulating Supply- has recently started a recovery wave from the $132 resistance zone, showing signs of recovery like Bitcoin BTC->Current BTC PriceRp 0Market Cap-Trading Volume-Circulating Supply- and Ethereum ETH->Current ETH PriceRp 0Market Cap-Trading Volume-Circulating Supply-. However, SOL faces a challenge to break the critical resistance at $150. This article will delve deeper into Solana’s recent price dynamics and its potential future direction.

Solana’s Struggle on the Threshold of Resistance

Solana (SOL) managed to break some important resistance levels such as $132 and $140, and even surpassed $142. However, when it tried to break $145, SOL experienced strong rejection and corrected back below that level. Currently, SOL is above $130 and still holding above the 100-hour simple moving average.

There is a bullish trend line formed that supports the price around $134 on the hourly chart of the SOL/USD pair. On the upside, the nearest resistance is at $140, followed by $142. The key resistance is at $145, and a successful close above this area could open up further upside opportunities towards $150. If successful, SOL might try to target the $162 level.

Also Read: Why is Bitcoin (BTC) Following the 2024 Summer Trend? Check out the Next Prediction!

Potential Solana Price Drop

If Solana (SOL) fails to break the $142 resistance, there is a possibility that the price will drop again. Initial support lies in the $135 zone, close to the 50% Fibonacci retracement level of the upward move from $125 to $145.

The next major support is at $133. A break below $133 could push SOL back towards the $125 zone. If the price closes below this support, Solana may see a further decline towards $114 support in the short term.

Technical Indicators and Future Projections

The hourly MACD (Moving Average Convergence Divergence) indicator for SOL/USD shows a loss of momentum in the bullish zone. Meanwhile, the hourly RSI (Relative Strength Index) is below the 50 level, signaling selling pressure.

With the current technical conditions, Solana (SOL) seems to be at a crossroads. Success in breaking the upper resistance could trigger further upside, while failure could exacerbate the price decline.

Conclusion

Taking into account the current market dynamics and technical indicators, investors and market watchers should pay attention to the key resistance and support levels that have been identified. Investment decisions should be based on in-depth analysis and a solid understanding of market behavior.

Also Read: Lighter Tariff Hike Triggers Altcoin Surge: Solana, DOGE, and ADA Shine

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Solana (SOL) Gains Capped, $145 Holds Key For Next Move. Accessed on March 26, 2025
• Featured Image: Data Wallet