Crypto News: Solana Bulls Defend $150 Support – Is a 20% SOL Price Rally Incoming?

Following a strong recovery from the $132 support earlier this week, the Solana price is currently trading consistently above $150. Bulls in Solana have picked up steam again, driving the asset to highs close to $154. A breakout might start a larger SOL price surge, with resistance levels between $155 and $162 in play. However, as consolidation approaches, caution remains in the cryptocurrency market. Momentum indicators and rising volume suggest potential upside, but traders await confirmation. Will Solana bulls drive the next leg higher, or will the cryptocurrency market sentiment pull SOL into another correction?

Solana Price Climbs Over 10%, But $155 Resistance Stalls Breakout

This week, Solana bulls pushed the Solana price up more than 10%, pushing it beyond $135 and $145 to test the $155 mark. The price started to consolidate after reaching a peak of $154.55, but it is still trading far above the trendline support at $150 and the 100-hourly SMA. This behavior hints at an upcoming SOL price rally. This is especially true if buying pressure continues. A breakout of $162, the next challenge, might push SOL into $175 or perhaps $180. While optimism is growing, the broader crypto market environment calls for careful monitoring of resistance zones.

Solana Bulls Build Momentum as Trendline Holds Firm

Bulls in Solana are retaining their position above the critical $150 level. This corresponds to the 50% Fibonacci retracement of the most recent advance from $145 to $155. With a rising trendline providing solid structural support, this region has emerged as crucial for maintaining bullish momentum. The RSI is stable above the 50 mark, and the MACD is still in a bullish area, both of which point to a prolonged Solana price increase. Gains toward $162 and $175 may be possible with a breakout above $155, particularly if the whole cryptocurrency market becomes risk-on.

Chart 1 – SOL/USD live price, published on April 25, 2025

However, the SOL price rally isn’t guaranteed to continue without hurdles. Failure to break past $155 resistance could trigger fresh selling, especially among short-term traders. If Solana slips below $145, it may test $138, with $132 as the final line of defense. Despite current strength, Solana bulls must keep pushing as macro uncertainty lingers across the cryptocurrency market and momentum hangs in the balance.

Rising Volume and RSI Support a Positive Outlook for Solana

With a 10.57% jump in 24-hour trading volume to $3.84B, Solana bulls are demonstrating renewed confidence. The RSI remains strong, indicating ongoing accumulation as SOL hovers near key resistance. Meanwhile, the SOL price has maintained its gains in a shaky cryptocurrency market, reflecting strength relative to peers. If bulls can hold the $150 level and pierce through $155, the SOL price rally could expand rapidly. A move above $162 may even attract institutional attention. But a drop in volume or RSI divergence could spark a pullback. The coming hours will be decisive.

What’s Next: Will $162 Confirm a Trend Reversal in the Cryptocurrency Market?

A new SOL price surge might be triggered by a breakout above $155, particularly if Solana bulls continue to generate volume and momentum. A clean advance past $162 might indicate a trend reversal in the larger cryptocurrency market, but holding $150 is essential for the bullish position. On the downside, losses might reach $145 or perhaps $138 if the trendline is violated. Traders should watch the RSI, MACD, and volume spikes closely. As the crypto market looks for clarity, Solana bulls remain in position, but pressure is mounting.

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