Solana Consolidating: What are the Next Levels?
Solana (SOL) is currently trading at approximately $146.87, reflecting a slight decline of 0.42% over the past 24 hours. Despite this minor pullback, SOL has shown resilience amid broader market fluctuations.
In this article, we will look at Solana price target by looking at price chart and technicals.
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📊 Solana Price Target
- Current Price: $146.87
- 24h Price Change: -0.42%
- 24h Range: $143.96 – $146.87
- Market Cap: Approximately $74.19 billion
- 24h Trading Volume: Approximately $2.1 billion
- Circulating Supply: Approximately 520 million SOL
Trends are mixed but there are some signs of bullish trend reversal. Price broke back above $120 key level and has reached our target of $150-$160. If it breaks that, it could revisit $180 next, which is also a 200-day Moving Average (200 SMA).
It’s also made a Higher High (versus prior upswing), which is an early sign of possible bullish trend reversal. But it’s early. It needs to break above 200 SMA to confirm an Uptrend. If it gets rejected at $160 resistance, it could form a Double Top and retreat to $120 support.
📈 Key Technical Indicators
- Relative Strength Index (RSI): ~52 (neutral)
- MACD: Slight bullish crossover observed
- Support Levels: $142, $134
- Resistance Levels: $151, $180
- Current Trend: Sideways with potential for upward movement
📰 Latest Solana News & Developments
- 📈 Institutional Inflows
SOL Strategies purchased 122,524 SOL tokens worth $20 million, marking the first tranche of a $500 million convertible note facility. This move indicates growing institutional interest in Solana. - 🏦 Treasury Expansion
DeFi Development Corp added $11.2 million worth of SOL to its treasury, bringing its total holdings to over 400,000 tokens, valued at approximately $58.5 million. - 🛠️ Network Developments
Solana implemented an emergency patch in April 2025 to address a critical vulnerability. While the issue was resolved, it has sparked discussions about the network’s decentralization and governance.
📌 Summary
Solana is currently in a consolidation phase, with the price stabilizing around $146.87. Technical indicators suggest a neutral to slightly bullish stance, supported by positive institutional developments. Investors should monitor key resistance levels and stay informed about ecosystem updates.
👉 Short-Term Forecast: Neutral to slightly bullish, contingent on breaking above $151
📉 Risk Factor: Moderate – due to market volatility and external factors
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