Solana (SOL) price is approaching a key technical inflection as analysts track whether recent strength can be sustained. Multiple charts show SOL price pressing into reclaimed resistance after a prolonged correction. Near-term targets cluster around $155–$165, while the broader structure points to a potential macro recovery if support holds.
According to analyst Crypto Tony, Solana price has returned to the $144–$148 band after a rounded recovery from October’s highs. This zone previously acted as a strong supply, making it a clear decision point for trend continuation or rejection. The recent impulsive move into resistance signals renewed buyer interest, but confirmation remains pending.
SOURCE: X
From a market structure perspective, SOL price has shifted from lower lows to higher lows. This change suggests a transition from bearish to neutral-bullish conditions. However, holding $144 is critical, as it aligns with former support-turned-resistance and the midpoint of the broader corrective range.
Moreover, momentum appears constructive but slightly stretched. Ethereum price may need to consolidate above $144 to establish a durable base. If acceptance occurs on a daily close, confirmed targets extend toward the $155–$165 liquidity region. A rejection would likely rotate price back to the $132–$136 demand area without invalidating the broader setup.
Meanwhile, analyst BitGuru’s chart displays a textbook double bottom near $126–$128. The subsequent impulsive breakout marks a classic bullish reversal. Equal lows reflect strong buyer defense, while the breakout confirms that sellers have lost control.
SOURCE: X
Following the move, Solana price is consolidating above former resistance, now acting as support around $142–$145. This behavior is technically healthy, as sustained trends often pause after an impulsive leg. The market appears to be absorbing gains rather than retracing sharply.
Additionally, maintaining this base keeps momentum firmly bullish. A continuation could target the $155–$160 zone, followed by higher time-frame resistance. Failure to hold the consolidation range would likely lead to a pullback toward $136. Such a move would remain structurally valid if the higher low is preserved.
Furthermore, analyst FLASH’s higher-time-frame analysis places SOL price within a long-running descending channel. Solana price has respected both boundaries across multiple cycles, with sharp rallies often following tests of lower support. The latest bounce from the channel base suggests renewed long-term demand.
SOURCE: X
Notably, what stands out is the symmetry of prior cycles. Each major correction within the channel was followed by multi-week advances. The current structure mirrors earlier accumulation phases, where weakening downside reported by momentum indicators preceded impulsive upside expansion.
If SOL price continues to respect the lower trendline and breaks above internal descending resistance, upside projections expand meaningfully. Targets cited extend toward the $220–$260 region over the next months. While volatility is expected, the wider technical picture favors accumulation. A breakdown below channel support would invalidate the bullish macro thesis.
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