Solana Price Climbs with 1.26% Daily Boost: Is This Rally Built to Last?

TLDR

• Solana price increased by 1.26% over 24 hours, reaching $125.73 with strong early-session buying activity.
• 24-hour trading volume jumped 157.32%, reaching $4.06 billion, signaling strong interest and high participation.
• Solana price approached the $129 range before pulling back, maintaining elevated levels throughout the session.
• On the higher time frame, Solana shows a head and shoulders pattern, indicating potential medium-term downside.
•  If Solana price breaks below $105, technical levels indicate a possible move toward the $75–$51 range.

In the last few weeks, the crypto market has hinted at a potential rebound in the coming days as bulls build a base for a change. However, Solana’s price has caught the attention of many analysts due to its current market positioning.

Solana Price Climbs 1.26% to $125

Tracking the ongoing price trend at the time of press, CoinMarketCap data reveals that Solana’s price opened its market during the Asian trading session at a price value of $123.44. The Solana price is currently trading at $125.73, representing a 1.26% increase over the past 24 hours. The price trend reflects a strong upward movement beginning around midnight.

Following a period of sideways action, the Solana price broke out sharply, pushing above key resistance levels. A strong wave of buying volume followed the breakout, pushing the price near the $129 range before a slight pullback. After reaching the peak, the Solana price displayed a slow downward drift but remained within elevated levels. Trading activity increased as 24-hour volume rose by 157.32%, reaching $4.06 billion.

The upward movement persisted throughout the early morning hours, followed by a stabilization phase. Despite slight fluctuations, the Solana price stayed mostly in the green zone during this period. The chart shows sustained upward action supported by volume growth and a positive change in market capitalization. The Solana price maintained strength across most sessions, holding gains from the earlier surge.

Solana Price Faces Downside Risk Below Key $105 Support Level

Despite the ongoing positive movement in its daily price, market analysts have expressed their doubts about the next move. According to the analysis prepared by Elite Crypto, the Solana price on the higher time frame shows a weakened structure during 2025, based on the weekly chart pattern. The chart displays a clear head-and-shoulders formation, which developed after repeated failures near previous highs. This structure reflects a shift from expansion to corrective market behavior.

The neckline area appears near the $105 level, which acts as a key technical support zone. The current chart positioning indicates that the SOL price is trading above this level, while pressure remains visible from lower highs. A breakdown below $105 aligns with chart levels indicating a potential move toward the $51 to $75 range.

Price activity below this range corresponds with historical consolidation zones visible on the chart. This corrective phase spans the timeline through mid-2026, based on the current structure. Following this phase, the chart indicates a transition period where the Solana price may establish a broader base before resuming its trend recovery.

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