Solana (SOL) Consolidates Above $135: Technical Outlook Points to Further Upside
Solana (SOL) is holding above $135, which is a 1.1% increase in the last 24 hours. This is because the network's fundamentals are getting
Quick overview
- Solana (SOL) is currently trading above $135, reflecting a 1.1% increase in the last 24 hours due to strengthening fundamentals and positive technical indicators.
- The on-chain trading volume for Solana has surged to $1.6 trillion in 2025, indicating a significant shift in market dynamics as it now accounts for 12% of all spot trading activity.
- Technical analysis shows bullish momentum for SOL, with key support at $130 and potential resistance levels at $138 and $145, suggesting further price increases are possible.
- Recent upgrades to the Solana network, including the Firedancer validator client, enhance transaction processing and stability, supporting a more optimistic outlook for the platform's future.
As of this writing, Solana SOL/USD is holding above $135, which is a 1.1% increase in the last 24 hours. This is because the network’s fundamentals are getting stronger and technical indicators are showing optimistic signs.
SOL’s On-Chain Trading Volume Signals Structural Market Shift
In 2025, Solana had an on-chain spot volume of $1.6 trillion, making it the most powerful player in cryptocurrency trading. This is more than any other centralized exchange save Binance. This is a huge change from three years ago, when Solana only made up about 1% of all spot trading activity. Recent data suggests that number has jumped to 12%, which shows a big change in how traders deal with digital assets.
The movement of liquidity toward high-performance blockchains shows that the market as a whole prefers speed and efficiency. As more and more stablecoins move to networks like Solana instead than staying on centralized platforms, a loop starts that keeps liquidity steady by attracting trade activity. This change in structure shows that on-chain marketplaces are becoming major challengers to existing centralized exchanges. This could revolutionize the way people trade cryptocurrencies.
SOL/USD Technical Analysis Shows Bullish Momentum Building
From a technical point of view, SOL has effectively recaptured the $130-$135 level after weeks of consolidation, and the current price movement suggests that there is still potential for it to go up. The coin is trading above its 20-day moving average and is going toward the middle of the Bollinger Bands. The Relative Strength Index (RSI) is at about 58, which means that the momentum is healthy and not too high.
The MACD indicator has turned positive, which confirms that the momentum has changed from bearish to bullish. On the hourly chart, there is a positive trend line with support at $135. This is the technical floor for the present advance. The price movement reveals that SOL is holding above the important $132 level, and the 100-hour simple moving average gives it more support.
On the upside, there seems to be immediate resistance at $138, and then bigger ones between $140 and $145. If the price breaks above $145, it might quickly move toward $150-$155. Technical indications show that this scenario has a good chance of happening based on the existing momentum structure.
Key Support and Resistance Levels Define Trading Range
Traders should keep an eye on a few important price zones. On the other hand, the first level of support is at $134, which is supported by the bullish trend line. The first key support level is $130, which is where the current advance from $123 to $138 stopped at 50% Fibonacci. If the price falls below $130, the short-term structure would turn negative, which may lead to $128 and, if that doesn’t work, $120.
But right now, the technical setup is better for bulls. The combination of increased on-chain metrics, improving network fundamentals, and bullish technical indicators makes it likely that the price will keep going up. The RSI is above 50 and the MACD momentum is in bullish area, all of which support the idea that prices will keep going up instead of going down.
Solana Network Upgrades and Ecosystem Growth Support Price Action
Along with technical variables, Solana’s fundamental changes make the optimistic case for 2026 much stronger. The new Firedancer validator client claims to speed up transaction processing and make the network more stable, which should help with problems like congestion and outages that have happened in the past. The network should be able to manage traffic spikes more smoothly while keeping costs low thanks to greater block space and computing power.
The ecosystem’s growth into NFTs, gaming, prediction markets, and payment apps makes it less dependent on decentralized finance alone. This larger group of users makes on-chain activities more stable and makes Solana a platform for ordinary financial transactions instead of only speculative trading.
Solana Price Prediction: Cautiously Optimistic Outlook
Based on the technical setup and the fundamentals, SOL looks like it will stay strong in the near future. If the current momentum keeps up, a move toward $140-$145 appears likely. If purchasing pressure increases, the advance might go as high as $150-$155. A break over $145 makes the bullish case much stronger, which might lead to further participation from both institutions and individuals.
Traders should still be aware that crypto markets are still very volatile, though. The technical structure favors bulls, but if the price doesn’t stay above $130, the current setup will be invalidated and the price might go back to $120. Stop-loss orders below critical support levels are still important for managing risk in the current scenario.
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