Solana (SOL) has recently continued its strong momentum, initiating a new upward trend above $140. Currently, the price remains oscillating within a key range, with market focus gradually shifting to the $145 resistance level. From a short-term structural perspective, the bulls still hold the advantage, and SOL’s performance is notably better than mainstream assets like Bitcoin.
In terms of price action, SOL has successfully broken above $140 and is steadily trading above the 100-hour simple moving average, indicating that the short-term trend remains bullish. On the hourly chart, an ascending trendline is forming, with the $138 area serving as an important technical support. This structure suggests that during the pullback phase, funds are still willing to absorb, and market sentiment remains relatively positive.
Analyzing the upward path, SOL previously completed a consolidation near $132 before gradually rising, breaking through the $138 and $140 levels successively, and once reaching around $144. Currently, the price remains above the shallow retracement zone of the previous rally, with no obvious signs of weakening in the short term. If the price can effectively break through $145 later, it may further test the $150 round number, and even open up upward space toward $162 and $170.
On the other hand, if the bulls encounter resistance around $145, SOL may experience a technical pullback. Initial support is expected at $142, followed by the $140 level, which also corresponds to the Fibonacci retracement zone. If the price falls below $140, the trendline at $138 will become a critical defense level. Losing this support could lead to a short-term pullback toward the $132 area.
Regarding technical indicators, the hourly MACD remains in the bullish zone, with the momentum histogram still expanding; RSI stays above 50 and has not entered overbought territory. Combining the technical structure and price action, Solana is currently still in a relatively strong phase. Whether it can break through $145 will determine the next directional move for SOL.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Circle minted a total of 10.5 billion USDC on Solana over the past month
Gate News update, on April 10, Circle added another 250 million newly minted USDC today. Data shows that over the past month, Circle has cumulatively minted 10.5 billion USDC on Solana.
GateNews6h ago
Bitcoin and Ethereum ETFs See Positive Inflows, Solana ETFs Record Outflows on April 10
Gate News message, according to the April 10 update, Bitcoin ETFs recorded a 1-day net flow of +4,614 BTC (+$334.63M) and a 7-day net flow of +7,358 BTC (+$533.62M). Ethereum ETFs showed a 1-day net flow of +23,039 ETH (+$51.38M) and a 7-day net flow of +15,349 ETH (+$34.23M). Solana ETFs experience
GateNews7h ago
Phantom Wallet Crashes Big Time! During the Airdrop Period, Token Prices Get Thrown Off, Balances Go to Zero—Users Blast the “Losses”
Phantom, a wallet in the Solana ecosystem, experienced a service outage during the airdrop, causing abnormal token price and account balance displays and affecting users’ transactions. Some users therefore incurred losses and are demanding compensation. Security experts warn of the risk of phishing attacks and advise users to verify on-chain data. Although the issue has been fixed, the trust crisis still needs to be monitored. This incident highlights the challenges self-custody wallets face in terms of system stability and user experience.
区块客8h ago
