Solana Price Analysis: SOL Breaks Downtrend as Bull Reversal Targets $150

TLDR

• SOL price breaks a four-month downtrend, reclaiming the $134 level on rising volume.
• Weekly structure improves as buyers defend key support near $115.
• Intraday charts favor continuation if SOL holds above $134 on a daily close.
• Clearing $144 resistance could open upside toward the $150 target zone.

Solana (SOL) price entered 2026 with renewed upside momentum after breaking a multi-month downtrend. Technical analysts highlight improving structure across several timeframes, supported by rising volume. If current levels hold, price action points toward a potential move into the $144–$150 resistance zone.

Solana Price Breaks Weekly Downtrend Resistance

According to analyst Rand, the weekly Solana price chart shows a decisive break above a four-month descending resistance line. Price reclaimed the $134 area in early January after trending lower from mid-2025 highs near $200. This move marked the first sustained shift in weekly structure since the correction began.

SOURCE: X

The breakout occurred alongside improving volume conditions following the holiday period. Weekly candles suggest buyers are regaining control after defending the $115 support zone. Horizontal resistance levels remain at $144 and $150, which previously capped upside attempts.

Moreover, the weekly structure reflects resilience after prolonged consolidation. Holding above the former trendline favors continuation toward higher resistance. A loss of $134 would instead expose a retest of the $120 region.

Intraday Structure Supports Continuation Above $134

Meanwhile, according to analyst Harry, the four-hour SOL perpetual futures chart shows constructive price behavior. Solana price rebounded sharply from $115 and stabilized above $130, challenging the former trendline resistance. January candles indicate reduced downside volatility compared to December.

SOURCE: X

This stabilization suggests accumulation rather than reactive buying. The ability to hold above $134 on a daily close is viewed as critical confirmation. Such a close would signal acceptance above resistance and unlock higher targets.

In addition, the intraday structure reflects improving momentum conditions. If price sustains above the breakout level, a measured move toward $150 becomes feasible. Failure to maintain this zone would likely lead to renewed consolidation near $125.

Falling Wedge Breakout Puts Focus on $144 Sell Wall

In addition, analyst DonnieBTC highlighted a falling wedge pattern that has guided price action since November. Solana compressed within this structure after declining from $160, before rebounding toward the upper boundary. The recent test near $134 places the price at a critical decision point.

Falling wedges typically resolve higher when downside momentum fades. The chart identifies $144 as a notable sell wall that could slow upside progress. Clearing this level would confirm strength and shift focus toward the $150 region.

SOURCE: X

Furthermore, higher-timeframe alignment supports a bullish bias if resistance gives way. Sustained trade above the wedge would suggest a broader trend reversal. Rejection at resistance would delay continuation but keep the recovery structure intact.

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