Solana Back at $130—Is the Uptrend Starting?
- Solana has bounced back above the $130 level, showing signs of recovery after recent dips.
- SOL needs to break through key resistance zones around $136–$140 for a stronger uptrend.
Solana (SOL) is showing signs of life again, bouncing back to the $130 zone — a level it hadn’t seen since early April. After slipping below $100 during the ongoing crypto market downturn, SOL has surged by over 7.9% in the past 24 hours, climbing from a low of $123.72 to hit $133.59 before settling around $133. Its daily trading volume also jumped more than 34%, now sitting at $4.38 billion, with a solid 14% weekly price gain.
The current reclaim in the Solana price coincides with a broader rally in Solana-based memecoins. Tokens like POPCAT, FARTCOIN, BONK, and WIF have seen significant gains of 51%, 23%, 12%, and 10% respectively over the past week, injecting fresh enthusiasm into the Solana ecosystem.
Still, Solana hasn’t fully escaped bearish pressure. The crypto is down over 56% from its all-time high of $294.33 recorded in January 2025, and fee generation has dropped sharply too — from over $400 million in January to just $22 million so far this April. Meanwhile, investor behavior reveals some caution — around $485 million has recently moved from Solana to chains like Ethereum and BNB.
Short-Term Pullback Still on the Table for Solana (SOL)
The SOL/USDT chart is showing bullish signs on both the daily and 4-hour timeframes. On the daily chart, SOL is forming a rounded bottom pattern, which suggests a possible trend reversal. The price has been slowly recovering after a drop, and if it breaks above the $136–$140 resistance zone (the neckline), it could move higher. Zooming in, the MACD shows a bullish crossover with values at 2.72 and RSI sits at 54.75, which means there’s room for more upside.
On the 4-hour chart, a bullish flag pattern is visible. SOL recently had a strong move up and is now consolidating. The lower time frames shows there’s a bearish divergence between the price and RSI — a pattern that has led to price drops for SOL earlier this year. Similar setups happened after the price briefly moved above the 50-day and 100-day EMAs, followed by a correction.
So, a short-term pullback is still possible. If that happens, the next support zone is between $115 and $110.
In the end, technically, SOL remains under its 50-day EMA resistance at $135.78. A daily close above this could trigger a stronger bullish move toward the 100-day EMA at $153.73.
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Solana Back at $130—Is the Uptrend Starting?
- Solana has bounced back above the $130 level, showing signs of recovery after recent dips.
- SOL needs to break through key resistance zones around $136–$140 for a stronger uptrend.
Solana (SOL) is showing signs of life again, bouncing back to the $130 zone — a level it hadn’t seen since early April. After slipping below $100 during the ongoing crypto market downturn, SOL has surged by over 7.9% in the past 24 hours, climbing from a low of $123.72 to hit $133.59 before settling around $133. Its daily trading volume also jumped more than 34%, now sitting at $4.38 billion, with a solid 14% weekly price gain.
The current reclaim in the Solana price coincides with a broader rally in Solana-based memecoins. Tokens like POPCAT, FARTCOIN, BONK, and WIF have seen significant gains of 51%, 23%, 12%, and 10% respectively over the past week, injecting fresh enthusiasm into the Solana ecosystem.
Still, Solana hasn’t fully escaped bearish pressure. The crypto is down over 56% from its all-time high of $294.33 recorded in January 2025, and fee generation has dropped sharply too — from over $400 million in January to just $22 million so far this April. Meanwhile, investor behavior reveals some caution — around $485 million has recently moved from Solana to chains like Ethereum and BNB.
Short-Term Pullback Still on the Table for Solana (SOL)
The SOL/USDT chart is showing bullish signs on both the daily and 4-hour timeframes. On the daily chart, SOL is forming a rounded bottom pattern, which suggests a possible trend reversal. The price has been slowly recovering after a drop, and if it breaks above the $136–$140 resistance zone (the neckline), it could move higher. Zooming in, the MACD shows a bullish crossover with values at 2.72 and RSI sits at 54.75, which means there’s room for more upside.
On the 4-hour chart, a bullish flag pattern is visible. SOL recently had a strong move up and is now consolidating. The lower time frames shows there’s a bearish divergence between the price and RSI — a pattern that has led to price drops for SOL earlier this year. Similar setups happened after the price briefly moved above the 50-day and 100-day EMAs, followed by a correction.
So, a short-term pullback is still possible. If that happens, the next support zone is between $115 and $110.
In the end, technically, SOL remains under its 50-day EMA resistance at $135.78. A daily close above this could trigger a stronger bullish move toward the 100-day EMA at $153.73.
Highlighted Crypto News Today:
Fed Chair Jerome Powell Discusses Crypto Becoming Mainstream and Regulatory Clarity
Read More
Is Solana Set to Overtake Ethereum in 2025? A Record-Breaking Quarter Says Yes