Solana (SOL) Price Spike Potential: Latest Analysis and Predictions

Updated

April 30, 2025

Gambar Solana (SOL) Price Spike Potential: Latest Analysis and Predictions

Jakarta, Pintu News – Solana has recently started an upswing from the $142 support zone. Currently, Solana’s price is in a consolidation phase and shows potential to increase further above the $155 resistance zone. This rise coincides with the rise in other cryptocurrencies such as Bitcoin and Ethereum , which are also showing positive trends.

Solana (SOL) Consolidation and Potential Price Increase

Solana (SOL) has formed a base above the $135 support and started a new upswing. The currency managed to cross the $140 and $142 resistance levels. In fact, the price briefly touched the $155 resistance zone, with a peak recorded at $153.30 before a pullback. The price briefly dropped below $150, but stabilized again and started consolidating above the 23.6% Fibonacci retracement level of the move down from $153.30 to $145.54.

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Potential Resistance and Support

In this consolidation phase, Solana (SOL) is trading below $152 and the 100-hour simple moving average. There is also the formation of a short-term contraction triangle with resistance at $152 on the hourly chart of the SOL/USD pair. If the price manages to break and close above the $152 resistance zone, it could trigger a steady rise. The next key resistance is $155, and further gains might push the price towards the $165 level.

Solana (SOL) Price Correction: What Could Happen?

If Solana (SOL) fails to break the $150 resistance, there is a possibility that the price will decline again. Initial support lies in the $147 zone, with the next major support at the $145 level. If the price breaks below the $145 level, this could push the price towards the $138 zone. A close below the $138 support could lead to a further decline towards the $132 support in the short term.

Cover: Investment Opportunities in Solana (SOL)

Taking into account the current technical analysis, investors and traders should closely monitor the mentioned support and resistance levels to take the right investment decision. A rise above $152 could be a bullish signal, while a drop below $145 could be a warning for a potential further decline.

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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. Crypto trading activities are subject to 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.