Solana (SOL) is showing strong resilience in the current market, hovering near the $138 mark. A combination of network growth, staking dominance, and increased adoption has supported its upward momentum, with investors closely watching for a breakout.
in this article, we will look at Solana Next target by looking at price chart and technicals.
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📊 Solana Next Target
- Current Price: $138.62
- 24h Price Change: +0.84%
- 24h Range: $137.78 – $142.65
- Market Cap: Approximately $71.4 billion
- 24h Trading Volume: Approximately $4.04 billion
- Circulating Supply: Approximately 520 million SOL
Price is in a Downtrend. However, price has broken back above $120 key level and could revisit $150-$160. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup.
📈 Key Technical Indicators
- Relative Strength Index (RSI): ~58.9 (approaching overbought zone)
- MACD: Bullish crossover
- Support Level: $137.00
- Resistance Level: $145.00
- Current Trend: Bullish with upward momentum
📰 Latest Solana News & Developments
- 📈 Staking Breakthrough
Solana overtook Ethereum in total staking market cap, with over $53 billion in staked value and 65% of supply locked in. - 📊 Revenue on the Rise
The network’s daily revenue surpassed $4 million, driven by high on-chain activity and increased demand for Solana-based apps. - 🏦 Institutional Accumulation
Institutions like Galaxy Digital increased exposure to SOL, reinforcing market confidence and long-term interest.
📌 Summary
Solana is gaining traction with key network achievements and a bullish technical setup. If momentum continues, SOL could retest resistance at $145 and potentially enter a stronger rally phase. Traders and investors alike are watching closely for a confirmed breakout.
👉 Short-Term Forecast: Bullish with eyes on $145 resistance
📉 Risk Factor: Moderate – watch for volatility and market-wide shifts
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