Solana (SOL) is making headlines again, creating serious momentum across the crypto space. Fresh data from The Solana Post on X shows Solana has jumped to the second spot in crypto social discussions, tying with Ethereum in dominance. At the same time, DEX trading activity is booming, with over $3.39 billion daily volume, while open interest on platforms like Jupiter Exchange continues to climb. These points indicate a growing wave of attention and optimism building around SOL. As the buzz grows louder, traders are eyeing higher targets, with Solana’s ecosystem showing signs of strength.
🚨 $SOL (@solana) ascends to #2 in crypto social dominance, per LunarCrush. pic.twitter.com/Dqj5wlu8QD
— The Solana Post (@thesolanapost) April 26, 2025
The surge in social buzz, rising DEX volumes, and stronger open interest set a positive tone for Solana’s next moves. While some analysts call for a push toward $170, the real story is how SOL behaves around key short-term levels. Let’s dive into the latest chart to see where Solana could head next.
Solana Price Analysis of 28th April, 2025
In the early trading hours of April 27, the Solana price maintained a bearish sentiment, gradually sliding into a descending channel. The price declined from near $150 to approximately $146 by 01:55 UTC. A minor recovery followed, but SOL price entered a narrow sideways range between $146 and $148 until around 05:15 UTC. The RSI hovered around oversold levels during this time, while the MACD occasionally flashed golden crosses but lacked strong momentum. Buyers defended the $145–$146 support area, hinting at some accumulation beneath the selling pressure. The Solana price shifted into an uptrend between 06:00 UTC and 18:00 UTC, whereas the price recovered progressively above $149.
Chart 1, Analyzed by Alokkp0608, published on April 28th, 2025.
By 18:45 UTC, buyers had pushed the price to $150, attempting to break through the $152 resistance zone. Over that time frame, the RSI fluctuated between neutral and overbought, and it looked to be building bullish momentum. The indicators MACD were providing a positive signal, reflecting the rising price. However, the price was rejected and could not break through the $152 resistance zone. By 20:00 UTC, the price was slow to trend as a new downtrend channel was evident as SOL broke below $146, briefly around 01:40 UTC on April 28.
Solana Price Outlook: What Lies Ahead for SOL?
From 02:00 UTC on April 28, Solana price reversed sharply, forming a strong uptrend channel back toward the $150 mark. Buyers aggressively defended the $145–$146 support range, leading to a rally that pushed SOL to $151 by 07:30 UTC. RSI moved into overbought conditions in the latter half of this rally, indicating a possible cooling-off phase ahead. MACD showed golden crosses across multiple intervals, suggesting sustained bullish strength. SOL price trades are currently near $151, and they struggle to clear the $152 resistance. A successful Solana breakout above $152 could open the door for a rally toward $155, while failure might trigger another retest of the $147–$148 zone.
Solana Gathers Steam as Bulls Target $155
The Solana price shows signs of strength after bouncing off the $145–$146 zone and pushing back toward $151. Buyers are stepping in, and with the RSI and MACD both leaning bullish, SOL looks well-positioned for another move higher. The key to watch now is the $152 resistance; a strong Solana breakout here could open the door for a rally toward $155, while a rejection might drag prices back to the $147–$148 range for a retest. Backing up the technical picture, Solana’s rising social buzz, booming DEX volumes, and steady open interest are adding even more momentum. If Solana price keeps riding this wave, there’s a good chance we’ll see it pushing into the $155–$158 range sooner rather than later.
SOL Price Analysis of April 30th, 2025
The SOL price action on the 5-minute chart began with subdued volatility, ranging between $147.00 and $149.00 through the early hours (00:00–03:00 UTC). This sideways trend lacked directional momentum, with the RSI mostly neutral and hovering near the 50 mark. Around 04:25 UTC, Solana token dipped briefly to $145.50, breaking the lower boundary of the previous range. The MACD confirmed this bearish momentum with a death cross just before the drop. However, this down move quickly reversed, as the RSI entered oversold territory, sparking a buying response that triggered a new bullish channel upward.
Chart 2, Analyzed by Alokkp0608, published on April 30th, 2025.
From 05:15 UTC to 09:00 UTC, SOL price climbed within an ascending channel, gradually pushing towards the resistance region at $150.65. This rally peaked near $149.50, where sellers stepped in. RSI entered the overbought zone by 08:30 UTC, signaling short-term exhaustion. Meanwhile, the MACD showed a golden cross early in the uptrend, affirming bullish strength before it flattened near the rally peak. Buyers struggled to breach $149.50 convincingly. Despite several retests, momentum waned, and the Solana token entered a consolidation. Price action remained above $146.90 but failed to push past $149.35, forming a horizontal trading range.
Volatility Compression and Failed SOL Breakout
Between 09:00 UTC and 18:00 UTC, the price oscillated within the range above. Attempts to break higher were met with resistance just below $150.00. MACD showed repeated death and golden crosses, reflecting indecision, while RSI briefly touched overbought levels but didn’t sustain above 70. Notably, the trading volume during this range-bound phase was moderate, hinting at a buildup before a decisive move. At around 19:00 UTC, Solana token briefly broke above the range of nearly $149.50 but failed to maintain upward momentum. This false SOL breakout led to a sharp drop beginning at 19:25 UTC, marking the start of a bearish channel.
From 19:25 UTC to 00:00 UTC, SOL declined rapidly, falling to the support region at $145.00 by 23:10 UTC. This was a significant correction, erasing nearly $4 in value. The RSI dipped into oversold conditions again during this phase, and MACD confirmed strong bearish momentum with a clean death cross just after 19:30 UTC. The channel down showed consistently lower highs and lower lows. Although there was a brief rebound attempt after hitting the support zone, it lacked strength and was quickly countered by renewed selling. Buyers appeared hesitant to re-engage above $146.50.
SOL Price Outlook: What Lies Ahead for Solana?
In the early hours of April 30, from 00:00 UTC to 06:00 UTC, a new uptrend channel formed after SOL bounced from the $145.00 support. This movement was more stable and sustained compared to the earlier failed rebound. By 03:55 UTC, the price reached $148.60, just below key resistance, before entering sideways action again. RSI climbed steadily but did not enter the overbought zone, signaling controlled bullish momentum. MACD flashed a golden cross during the rise, though a death cross appeared again near the end of the period, suggesting slowing bullish pressure. Price stabilized around $147.10.
SOL Price Recovery at Crossroads
SOL appears to slowly regain strength after bouncing from the $145.00 support level. While there’s cautious optimism, it’s still facing strong resistance near $150.65. The recent uptrend and golden cross on the MACD suggest some bullish momentum is building, but the inconsistent MACD signals and a neutral RSI keep expectations in check. If buying pressure increases and RSI pushes above 70, we could see a retest of $149.50 and possibly a SOL breakout and move toward $151. On the flip side, if the Solana’s price drops below $145 again, the next support to watch lies around $143.20, where buyers may try to step in again.
Solana(SOL) Price Analysis of May 2nd, 2025
The Solana price action on a 5-minute chart over the past 24 hours began inside a sideways path between $147 and $150 until about 07:25 UTC. SOL Price hovered close to the support near $148 multiple times, forming temporary wicks below before recovering, signaling strong buying interest near that zone. During this period, RSI hit several overbought zones above 70, especially in minor rebounds, while MACD occasionally showed death crosses that quickly flipped. These signs pointed to uncertainty within the tight range. However, the underlying structure formed a base, setting up a potential Solana breakout if momentum could build above $150.
Chart 3- Analyzed by Alokkp0608, published on May 2nd, 2025.
Solana price eventually surged out of the consolidation zone, crossing above $150 after 07:30 UTC and forming a steady uptrend channel that peaked around $152.60 by 13:20 UTC. This rise came with consistently higher highs and higher lows, reflecting growing buyer confidence. At several points along the rise, RSI moved into overbought conditions, while MACD signaled golden crosses supporting bullish sentiment. After touching $152.60, a brief retracement brought the price down to around $150.60 before it regained footing. Importantly, this pullback did not break below the previous resistance-turned-support around $150, confirming the strength of the Solana breakout.
Failed Resistance Break and Loss of Momentum
In the hours following 13:30 UTC, Solana price regained momentum and made a second push that reached the key resistance area near $154 around 16:00 UTC. However, the SOL price failed to sustain above this resistance level, showing clear rejection with long upper wicks and declining candle body sizes. RSI turned back from overbought and started declining, while MACD flashed a death cross shortly after, indicating slowing bullish strength. From this failed breakout, Solana declined to $150 by 18:15 UTC. The drop was not sharp but steady, suggesting a fading bullish drive rather than a full reversal, yet signaling a potential transition into range-bound action again.
Following the drop to $150, Solana price entered another prolonged sideways range between $149.50 and $151.80 from around 18:30 UTC onward. This tight path persisted for the rest of the day and into the new trading day on May 2. RSI bounced frequently between 40 and 60, avoiding both extremes, showing indecision in the market. MACD fluctuated, producing alternating golden and death crosses that failed to follow through, further confirming the range-bound nature of this phase. The inability to reclaim $152 during repeated attempts hints that sellers are defending that zone while buyers are protecting the $149.50 floor, creating a short-term balance.
Neutral Stalemate Near Support Boundary
In the most recent price action leading into May 2, Solana price continued to hover inside the tight consolidation band, slipping slightly toward the lower end around $149.50. This sideways pattern shows A mild bearish bias with successive lower highs. The MACD printed another death cross near the end of the chart, and RSI has dropped closer to the oversold line, suggesting mild downward pressure. However, no decisive breakdown has occurred. Buyers are stepping in at nearly $149, but upward momentum is lacking. Price remains vulnerable unless bulls reclaim the $151.80–$152 region with volume.
SOL Price Recovery Stalls as Bulls Struggle Below Resistance
Solana’s recovery has stalled after rejection at the $154 resistance level. With momentum turning neutral, the price now hovers near $149.50 support in a sideways phase. A clean Solana breakout above $152 could open doors back toward $154 and higher, but a close below $149 would risk deeper pullbacks toward $147. RSI is leaning slightly bearish near the 40 level, and MACD has shown fresh death crosses, adding short-term caution. The price direction remains uncertain as long as the Solana price stays trapped in this narrow range. Still, pressure may build soon for a decisive move, likely below support if momentum continues fading.
Solana(SOL) Price Analysis of May 6th, 2025
The Solana price action over the last 24 hours shows a shifting market dynamic with alternating periods of decline, consolidation, and recovery. The period opened with a sharp drop in prices, continuing an earlier downward trend. SOL price slipped from around $146.80 and began forming a clear downward channel, breaking beneath $145.50 by 07:25 UTC. By 10:45 UTC, price action hit an intraday low near $143.70, marking an important bounce zone. RSI entered oversold territory at this point, while MACD showed a prior death cross, confirming continued bearish momentum through the early sessions.
Chart 4- SOL/USDT M5 Chart, Analyzed by Alokkp0608, published on May 6th, 2025.
From 10:45 UTC to 15:40 UTC, Solana price entered a sideways consolidation pattern, forming a tight trading range between $143.50 and $145.25. Despite minor intra-range spikes, the price failed to establish directionality during this stretch. RSI hovered around neutral levels with multiple minor bounces off the oversold line, showing indecision. Meanwhile, MACD remained flat, with histogram bars shrinking, suggesting weakening bearish force but no strong bullish reversal. Buyers showed interest at $143.50 multiple times, establishing it as a short-term support level ahead of the next directional move.
Uptrend Recovery Meets Stiff Resistance
Beginning around 15:40 UTC, SOL broke out of the trading range and launched into a steep uptrend channel. Price surged cleanly from $143.50, rising toward a major resistance near $147.55. By 19:00 UTC, the rally met its first rejection just below that resistance, followed by another failed retest at 23:00 UTC. This double rejection around the $147.50 mark highlighted strong selling pressure. RSI briefly entered overbought territory during the climb, signaling an exhausted push, while MACD issued a golden cross mid-rally, confirming temporary bullish strength.
The rejection at $147.55 sent the SOL price into another downward channel starting after 23:00 UTC. The price retraced gradually toward the familiar support of $143.50, finally touching it again by 02:25 UTC. This fall was accompanied by RSI dropping back toward oversold, while MACD registered a fresh death cross around 01:45 UTC. Sellers regained short-term control, and buyers defended the same historical support again. This quick test-and-bounce pattern repeated the earlier cycle, suggesting the market remains in a broad range, squeezed between major resistance and support.
Sideways Drift as Market Awaits New Catalyst
After the early-morning drop, the most recent price action shows Solana price transitioning into a sideways path. From 03:00 UTC to 06:00 UTC, the coin traded quietly between $144.50 and $145.50, with low volatility. MACD signaled a golden cross just before 04:00 UTC, but without any follow-through in price. RSI gradually climbed toward 57 by the end of the period, indicating mild bullish pressure but still far from overbought. This lack of strong directional moves points to a wait-and-see sentiment among traders. Buyers have defended $144 repeatedly, but without reclaiming $146, upside momentum remains capped.
Price Compression Signals SOL Breakout Setup
Solana price continues to bounce between the $143.50 support level and the $147.55 resistance zone, suggesting a consolidation phase with no clear SOL breakout yet. Momentum has cooled significantly in the final stretch of the 24 hours, although short bursts of activity around support and resistance hint at potential volatility ahead. If SOL holds above $144 and can break through $146.20 convincingly, another test of $147.55 becomes likely. RSI’s recent climb suggests building bullish interest, while MACD’s golden cross indicates early reversal potential. A clean break above $147.55 or below $143.50 will likely set the next intense directional wave.
Solana(SOL) Price Analysis of May 8th, 2025
The Solana price action over the last 24 hours shows a bullish start that transitioned into a choppy intraday pullback before rebounding. In the 06:00–09:00 UTC interval, SOL price pushed upward and briefly tapped $148.33 before facing rejection. This early strength began forming a short-lived ascending structure, but the price soon slipped back toward $146 during the next phase. The RSI hit overbought levels around 08:30 UTC before turning down, signaling local exhaustion. MACD also formed a bearish crossover near 09:00 UTC, hinting at the upcoming drop. Momentum briefly paused after the initial burst.
Chart 5- SOL/USDT M5 Chart, Analyzed by Alokkp0608, published on May 8th, 2025.
From 09:00 UTC to 18:00 UTC, Solana entered a corrective phase, dropping to the key support level near $145 by 18:05 UTC. This marked a 3% pullback from the earlier peak. SOL Price action consolidated within a wide trading range during this period. RSI dipped into oversold territory between 15:00–16:00 UTC, coinciding with the price revisiting the lower support region. Meanwhile, MACD printed multiple golden crosses through this stretch, suggesting underlying bullish divergence despite the range-bound price action. This interval appeared more corrective than a structural trend change, hinting that bullish momentum was resetting rather than reversing.
SOL Breakout Lift-Off Clears Resistance
A new upward channel began forming between 18:00 UTC and 03:00 UTC, as Solana built strength steadily from the $145 base. By 00:55 UTC, the price experienced a sharp spike toward $149.60, and bullish volume carried it further. RSI climbed back into overbought territory near 01:00 UTC, while MACD showed clean golden crossovers, validating renewed momentum. The SOL breakout above the $150 resistance came at 03:40 UTC, establishing bullish control and signaling potential for continuation. The sustained upward pressure and SOL breakout from the earlier trading range marked this as a confirmed structural move.
Between 03:00 UTC and 06:00 UTC, Solana price made a new local high at $151.95 before facing profit-taking. The resistance breakout lost steam, and prices retraced slightly back to just above the $150 mark. RSI touched overbought levels for the third time in this cycle, weakening afterward. MACD also printed a death cross near 05:30 UTC, confirming declining momentum. Despite that, the price held above the previous resistance (now support), signaling that the breakout level is being respected. Consolidation near this zone suggested that bulls were defending their gains without major distribution pressure.
Post-Breakout Sideways Drift Near $150
Following the rejection near $151.95, SOL price entered a sideways path while hovering above the $150 mark. Price behavior in the final stretch leading up to 06:00 UTC remained tight, showing neither aggressive buying nor significant selling. This zone between $150 and $151 acted as a neutral consolidation band. While RSI stabilized near 49, signaling market indecision, MACD showed a mild bearish crossover, indicating potential for a minor pullback unless renewed buying resumes. Price compression near recent highs, without significant breakdown, suggests bulls are still present but awaiting a fresh catalyst for direction.
Consolidation Near Highs Keeps Bulls in Play
Solana price is consolidating near the $150–$151 zone after a sharp breakout and strong bullish push, suggesting the uptrend remains intact but is temporarily cooling off. The price is likely to retest the $151.95 high if bullish momentum resumes, with extended resistance lying near $153. Immediate support rests at $150, and stronger support sits around $148. RSI is neutral after repeated overbought spikes, while MACD’s recent death cross warns of short-term loss in momentum. Still, holding above former resistance shows strength. If bulls reclaim directional control, SOL could push toward $153–$154 in the next sessions
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