Solana (SOL) Price Increase Potential: Ready to Surge Above $150?

Jakarta, Pintu News – Solana (SOL) has recently started an upswing from the $125 zone and is now consolidating gains with further upside targets above the $150 level.

Solana Price Strengthening

Solana (SOL) price found strong support above $125 and started a new rise, in line with Bitcoin (BTC) and Ethereum (ETH). SOL managed to break the $132 resistance level, accelerating its rise past the $142 and $145 levels. Currently, market participants are facing challenges near the $148 and $150 levels.

The highest point was recorded at $147, and now the price is consolidating gains above the 23.6% Fibonacci retracement level of the move up from $126 to $147. Solana (SOL) is now trading above $142 and the 100-hour simple moving average. There is also an important bullish trend line with support at $142 on the hourly chart of the SOL/USD pair.

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Resistance and Upside Potential

On the upside, Solana (SOL) prices face resistance near the $148 level. The next major resistance is near the $150 level, with key resistance at $155. A successful close above the $155 resistance zone could trigger a steady rise. The next key resistance is $160, and further gains could push the price towards the $165 level.

Possible Price Drop

If Solana (SOL) fails to break the $150 resistance, the price could decline again. Initial support lies in the $142 zone. The first major support is near the $136 level or the 50% Fibonacci retracement level of the upside move from $126 to $147. A break below the $136 level could push the price towards the $130 zone. In case of a close below the $130 support, the price could drop towards the $125 support in the short term.

Technical Indicators

The hourly MACD for SOL/USD started to lose momentum in the bullish zone. Meanwhile, the hourly Relative Strength Index (RSI) for SOL/USD is above the 50 level, indicating the relative strength is still in favor of a price increase.

Conclusion

With strong support and momentum building, Solana (SOL) has the potential to continue its rise. However, it is important to pay attention to resistance and support levels that may affect the next price movement. Investors and traders should watch technical indicators for clearer signals on future price direction.

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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.

Reference

• NewsBTC. Solana (SOL) Breakout To $150 Seems Likely, Bulls Aim Fresh Highs. Accessed on June 26, 2025
• Featured Image: DL News