Bullish Momentum Builds, But Expert Warns of Pullback

Solana price today appears to be gaining bullish traction, with the SOL price rebounding strongly from the $120 support zone. Over the past 30 days, the altcoin has gained 8.9%, including a 6.3% rise in the last week. 

According to Coinpedia Markets, at press time, Solana is trading at $140.22, with immediate resistance at $142 and stronger resistance around $145.

Solana Price Rebounds from April Lows

After plunging to $95.19 on April 7, SOL witnessed a surge in buying pressure. By April 11, the token reclaimed the $120 level, which has since acted as solid support. This price recovery has been underpinned by positive technical signals.

Solana is now trading above the 100-day Simple Moving Average (SMA) at $136.85, which has flipped into support. A bullish trendline has also formed on the hourly chart, with an additional support zone around $137–$138.50.

On the daily chart, the Relative Strength Index (RSI) is at 58.89—indicative of bullish momentum. The MACD indicator further confirms the upward trend.

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What’s Next For SOL Price?

Despite the strong recovery, crypto analyst Ali has flagged a short-term bearish signal using the TD Sequential indicator on the 12-hour chart. The indicator has flashed a “sell” signal, suggesting the possibility of a brief pullback before the next leg higher.

If SOL dips below the $137 support level, a move down to $132 could follow. However, if bulls manage to push past the $145 resistance and sustain above $150, Solana may target $155 and even $165 in the short term.

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