After a strong bullish impulse, Solana enters a consolidation phase. Find our full analysis and current technical outlook for SOL.
In Brief
- Technical analysis: SOL consolidates around $170, supported by bullish momentum across all timeframes, increasing volumes, and a recovering momentum.
- Technical levels: The price oscillates between major levels, with a neutral bias to watch around $133. A breakout of extremes could trigger a strong directional move.
- Derivatives market: Open interest slightly declines. Selling pressure remains moderate, and overall sentiment stays bullish without excess.
- Forecasts: The scenario remains bullish above $159, with targets at $184, $209, and $220 (+31%). In case of a bearish break, a drop towards $101 (-39%) is possible. Everything will depend on the macroeconomic and geopolitical context.
Technical Analysis of Solana (SOL)
| Indicator | Status | Comment |
| Spot Price | ≈ $170 | Price stabilizes around $170, at an intermediate zone after a strong rebound. |
| Recent Weekly Changes | ≈ +0.05% | SOL is taking a technical pause after a significant bullish move. |
| Recent Weekly Spot Volumes | ≈10.15 B (+16%) | Notable increase, reflecting renewed investor interest. |
| Long-term Trend (SMA 200) | Bullish | The underlying momentum is bullish, with a clear recovery after correction. |
| Medium-term Trend (SMA 50) | Bullish | The trend remains well oriented, marked by a series of consistent bullish moves. |
| Short-term Trend (SMA 20) | Bullish | The price moves constructively, supported by sustained recovery momentum. |
| Momentum | Rebound | Momentum recovery, with bullish dynamics gradually establishing. |
Solana consolidates around $170 after a strong bullish impulse. The nearly stable weekly change (+0.05%) reflects a market breathing phase. Rising spot volumes by 16% (≈10.15 B) confirm, however, renewed investor interest. Momentum remains bullish on short, medium, and long-term horizons, maintaining a constructive technical structure. Momentum is recovering, supporting continued upward correction.
Solana (SOL) Technical Levels
| Indicator | Status | Comment |
| Resistances | $184 / $220 / $243 | Potential distribution zones; breaking through them would open the way to bullish extension. |
| Supports | $140 / $123 / $108 | Historical demand zones; breaking them would expose the market to further downside risk. |
| Monthly Pivot Point | $133 | Reference level for the monthly trend. |
| High Value Area | $237 | High volume zone; upper bound of a market equilibrium, beyond which imbalance may arise. |
| Low Value Area | $143 | High volume zone; lower bound of a market equilibrium, beyond which imbalance may arise. |
Solana trades between key technical levels. Resistances at $184, $220, and $243 represent potential distribution areas, whose breakthrough could promote a bullish extension. Conversely, supports at $140, $123, and $108 correspond to historical demand zones; breaking them would expose the market to continued decline. The monthly pivot point at $133 serves as a benchmark for assessing the underlying bias. Finally, the high value area at $237 and the low value area at $143 delimit a market equilibrium; exceeding these bounds could trigger directional imbalance.
The current technical analysis was conducted in collaboration with Elyfe, and 0xhugzer, investors and educators in the cryptocurrency market.
Derivatives Analysis (SOL/USDT)
| Indicator | Status | Comment |
| Open Interest | Decline | Positions shrinking, signaling disengagement or profit-taking. |
| CVD | Bearish dominance | Declining CVD, indicating selling pressure in the market. |
| Liquidation | Low, no bias | Limited liquidation activity, no directional pressure. |
| Funding Rate | Slightly positive | Mild bullish bias, moderate premium for long positions. |
Market data suggest a wait-and-see mood. Open interest is falling, indicating position withdrawal and possible disengagement. The CVD shows selling dominance, translating into selling-oriented market pressure. Liquidation activity remains low, with no forced unwindings or strong directional bias. Finally, the positive funding rate highlights a moderate edge, without excessive bullish sentiment.
| Indicator | Status | Comment |
| Bearish Liquidation Zone | ≈ $176 – $182 / $185 / $187 / | Order concentration zone; reaching these levels could cause volatility to accelerate. |
| Bullish Liquidation Zone | ≈ $160 – $156 / $153.5 – $151 / $150 – $146 / $141 – $136 | Order concentration zone; reaching these levels could cause volatility to accelerate. |
Bearish liquidation zones lie at $176–182, $185, and $187, and bullish liquidation zones at $160–156, $153.5–151, $150–146, and $141–136. These zones concentrate orders, and crossing them could accelerate volatility, with stronger pressure on the buyer side given the greater number of levels identified.
Forecasts for Solana (SOL) Price
Bullish Scenario:
- Targets: $157 / $184 / $209 – $220 and beyond.
- Potential: About +31% from the current level.
Bearish Scenario:
- Conditions: Break of support at $159.
- Targets: $140 / $123 / $108 – $101.
- Potential: Decline up to -39% from the current level.
Comment:
The bias remains bullish, but U.S. macroeconomic indicators and news related to the global geopolitical context will be decisive to confirm this scenario.
Conclusion
Solana consolidates after a strong bullish impulse, in an overall still favorable technical context. The trend remains well oriented, with renewed investor interest. The market trades between key levels, whose break could trigger directional movement. On the derivatives side, caution predominates: position withdrawals, moderate selling pressure, but without excessive tension. Sentiment stays slightly positive, in an environment dependent on the macroeconomic and geopolitical context. In this context, it will be essential to closely monitor price reactions at strategic levels to confirm or adjust current forecasts.
Finally, remember that these analyses are based solely on technical criteria, and cryptocurrency prices can change rapidly due to other more fundamental factors.
Interested in this study? Find our latest Sui analysis.
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Spécialiste en analyse technique, Elyfe décrypte les tendances graphiques des marchés des cryptomonnaies avec une approche rigoureuse et en constante évolution. À travers ses analyses détaillées, il apporte un regard éclairé sur la dynamique des prix, aidant les investisseurs et passionnés à mieux comprendre et anticiper les mouvements du marché.
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