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.
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