Solana (SOL) has posted a solid 4.3% gain this week, reclaiming bullish sentiment after falling to $126 just days ago. At the time of writing, SOL trades at $147.12, buoyed by a breakout above triangle resistance and improving technicals.
The sixth-largest cryptocurrency by market cap now appears poised to test higher levels, supported by a newly formed golden cross on the short-term chart and a growing appetite among Binance traders for long exposure.
While daily trading volume is still cooling down 9.11% to $3.19 billion—the structural momentum remains bullish. A bullish engulfing candle near the $144 breakout area confirms strong buyer interest, and the technical setup is pointing to further upside if volume returns.
Key bullish signs include:
Price breakout above $144.02 triangle resistance Bullish EMA crossover (50-EMA rising over $143.22) Higher lows since the $140.28 rebound MACD crossover with expanding green histogramThe current price structure shows a clean triangle breakout on the 2-hour chart, with SOL climbing above the converging resistance zone.
This pattern, characterized by higher lows and lower highs, typically precedes a strong move. In Solana’s case, momentum has favored the upside, and the golden cross between the 9-day and 21-day moving averages is reinforcing that outlook.
If buyers sustain price above $147.50, the next key levels lie at $150.54, $154.43, and potentially $158.81. Analysts believe SOL could even reach $172.51 in the midterm, a move that would represent a 17.2% gain from current levels, if investor engagement rebounds.
Meanwhile, Binance trader data reflects growing optimism, with a rising number of long positions opened on SOL. This supports the case for a sentiment-driven rally, provided broader market conditions remain risk-on.
Although the Solana price prediction remains bullish, with SOL testing the upper band of its breakout zone, traders have two options depending on their risk tolerance:
Trade Setup
Entry: Buy above $147.50 on strong volume Target 1: $150.54 Target 2: $154.43 Stop-loss: Below $144.00Alternative Entry: Wait for a pullback to the $144.00–$145.00 zone and buy on confirmation of support.
Solana Price Chart – Source: TradingviewAs long as price remains above $140.28 and volume trends upward, SOL’s path toward $160 and beyond remains intact. Traders should watch for a decisive daily close above $150 to validate further upside toward $172. This structure suggests bulls have the upper hand, if participation returns.
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