Market Data 
Solana (SOL) has captured market attention following a sharp price rally that lifted the token above $150. Investors are now closely watching whether the cryptocurrency can maintain this upward momentum and push toward the $200 mark in the coming weeks.
The recent surge in both price and volume highlights growing confidence in the asset, driven by increased market participation and sustained bullish sentiment. While some short-term resistance remains, signs suggest that Solana could be gearing up for a significant breakout if favorable technical conditions continue.
Bullish Trend Confirmed by Price & Volume
The current market price of Solana stands at $150.99, reflecting an 8.11% increase in just one day. This uptrend emerged from a firm support base near $139.67, with price action forming consistent higher highs and lows – a classic bullish indicator.
Validating the move, trading volume has surged by over 32% within 24 hours. This uptick shows not only increased interest but also solid conviction among traders backing the rally. Such a rise in volume typically supports sustained price movement and reflects strong market confidence.
Source: CoinMarketCap
Support levels are forming a strong foundation. The $144.00–$145.00 zone has proven resilient, serving as a launchpad for recent upward moves. Additionally, the $139.67 level continues to act as a psychological anchor, having marked the rally’s starting point.
Related: Solana Jumps Over 48% Volume as Trump Calls For Fed Chair Termination
Key Resistance and Technical Indicators Suggest Further Upside
Looking higher, Solana faces immediate resistance at $152.00, a level that is testing the bulls. This level has seen repeated price rejection, although the strength of current momentum suggests it could be breached soon. If that happens, the next target may be $155.00, a round number often watched by traders.
SOL/USD monthly price chart, Source: TradingView
Technical indicators broadly support this potential continuation. The Relative Strength Index (RSI) currently sits at 53.20. This neutral position means the asset still has room to move higher before becoming overbought.
Related: Solana Losing U.S. Market Share: Could This Pump Chances of XRP ETF Approval?
Meanwhile, the MACD is showing signs of a potential bullish crossover. Although the MACD line remains below the signal line, the histogram is narrowing, indicating that momentum might shift in Solana’s favor.
Looking ahead, Coincodex market forecasts suggest that Solana could trade between $265.65 and $286.37 by December 2025. If this prediction materializes, it would represent an 83.9% increase from current levels.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
