Solana has pushed above $110, a level that had been acting as a ceiling for weeks, opening the door to a potential run toward $133, according to a technical analyst tracking the token’s chart. Just days ago, the same analyst had flagged Solana for a possible 20% move higher, and that’s exactly what has started to play out.
Why $133 Is the Next Level to Watch
The $133 mark lines up with a key resistance zone on the chart. It’s not a guaranteed target, but the analyst expects Solana to reach it as long as Bitcoin’s own rally continues, since the two assets tend to move in tandem. As momentum builds, the analyst plans to keep adjusting support levels based on where the price finds its next low.
Solana Is Outperforming Bitcoin Right Now
Solana has been beating Bitcoin’s performance recently. Looking at how Solana trades relative to Bitcoin directly, Solana still has more room to climb before hitting its own resistance zone.
The analyst said this bounce likely isn’t finished yet, meaning Solana could keep gaining ground on Bitcoin in the near term. That would only change if Solana falls back below a specific lower support level, which would signal Bitcoin taking the lead again.
Is Solana Officially in a Bull Market? Not Confirmed Yet
He was careful about declaring a full bull market just yet. To confirm that shift, he wants to see a clear pattern of the price climbing in stages, then pulling back only partially each time, followed by pushing to new highs again. Right now, Solana has managed a higher high compared to its previous peak, breaking above its May high even before Bitcoin did, which fits with Solana currently outperforming. But he’s still waiting to see a confirmed higher low before calling it a genuine trend reversal rather than just a bounce.
Key Levels for the Days Ahead
On the shorter-term chart, the analyst is watching $107.40 as the nearest support level. As long as Solana holds above that, the short-term uptrend stays intact. A break below it would be the first sign of a local top forming. A tighter, more immediate support sits even closer at $111.06, useful for anyone tracking the very short-term moves.
For now, Solana’s momentum remains strong for now, but the analyst was clear that nothing in crypto comes with guarantees. The setup favors more upside toward $133 as long as Bitcoin keeps climbing and Solana continues holding its support levels, but a confirmed bull market call is still waiting on more evidence, specifically a solid, higher low once the next peak is reached.
Was this writing helpful?
Story Ends Here
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Read the Next News
