Solana Price Shows Rebound Potential After Hitting Key Resistance
Solana is now showing early signs of a possible turnaround after encountering tough selling resistance in the current price action. Technical analysts have highlighted crucial support levels and reversal signals that could guide a bullish move for Solana in its next upward move.
At the time of writing, SOL is trading at $137.86, with a 24-hour trading volume of $9.77 billion and a market capitalization of $77.73 billion. The token has recorded a modest 2.50% gain over the last 24 hours, reflecting renewed interest from investors.
Solana Forms Bullish Entry Pattern
Prominent crypto analyst, BATMAN, pointed out Solana’s rejection at a significant area of resistance, leading to a local top. In reference to the analyst’s opinion, the following significant support level would be at an unfilled bullish Fair Value Gap (FVG), near past lows.
It is this combination of factors that leads BATMAN to identify this region as potentially representing a strong entry point, particularly since it seems that the price is making an inverse head and shoulders formation.
SOL Shows Strong Bounce After Consolidation
Adding to the positivity, analyst BitGuru highlighted that it appears SOL has completed its period of consolidation. According to BitGuru, “it has already attempted a bounce. And as long as it holds through its present area of demand, it will continue up towards its former highs.” This is a sign of what might be to come on SOL.
Investors are also keeping a close eye on Solana’s price as these important technical levels are developing. With support levels and important reversal levels developing on the chart, SOL could be a very appealing asset for investors looking for trades within the market.
Network development and its developing ecosystem make Solana’s price one of the most important prices that enthusiasts and investors are following.
Also Read | Solana Technical Setup Signals Potential $1,500 Price Breakout
Solana Weekly Momentum Still Weak
The RSI is at 42.36, remaining well below 50, indicating low buying momentum. The stock is quoted at $138.63 and is well below the MA ribbon. The SMAs are at 172.35 for 20-SMA, 165.12 for 50-SMA, and 167.13 for 100-SMA, indicating very strong overhead resistance. However, only 200-SMA at 103.70 points towards support.
MACD is still bearish with the MACD line at -5.17 and the signal line at -8.89. The histogram bars are still below zero. However, selling pressure is slowly subsiding. It is a clear indicator of a weakening downward momentum and not yet a bearish reversal.
Also Read | Solana (SOL) Emerges as a Top Blockchain by Daily Active Users in 2026
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