Solana Reclaims $140 Amid Bullish Momentum: Eyes Set on $150 Breakout

Solana (SOL) has confirmed a short-term rally, regaining the critical $140 level and signaling growing bullish momentum. Up 2.72% today, SOL’s upward movement is reinforced by a key technical crossover—the 26-day Exponential Moving Average (EMA) rising above the 50-day EMA. This bullish indicator often precedes strong upward trends when supported by solid price action.

Currently trading at $140, Solana is approaching a cluster of resistance levels. The next major hurdle is $150, which previously acted as a local peak and now serves as the immediate price ceiling. Just beyond that, the 100 EMA at $152 represents a crucial technical barrier that could determine whether SOL extends its rally or faces short-term rejection.

Encouragingly, trading volume remains supportive, suggesting market participation is aligning with the bullish trend. Meanwhile, the Relative Strength Index (RSI) stands at 58.47, indicating that SOL is not yet in overbought territory and has room to climb further.

Technically, Solana has also broken out of a short-term bullish pennant formation—a continuation pattern that reinforces the potential for additional gains. To fully confirm a sustained breakout, SOL must decisively flip the $150 resistance into support.

With strong technical signals, rising momentum, and favorable market structure, Solana appears poised for a potential surge—provided it can overcome these key resistance zones. Traders and investors are watching closely, as a clean break above $150 could unlock the next phase of SOL’s upward trajectory.