Solana Stabilizes at $149 After Brief Dip, Bulls Eye $152 Breakout

Solana has shown signs of stabilization around the $149 mark after a brief dip to the $144 support zone. The digital asset has managed to regain momentum following an earlier slide that pushed it away from recent highs near $156. This stabilization comes as bulls aim for a breakout above the $152 level, a critical resistance point marked by overlapping option data and technical ceilings.

On the 4-hour chart, Solana has maintained key support levels at $150.18, with the EMA 20, 50, and 100 indicators providing support. However, this level is still seen as short-term resistance. The current structure shows a bullish breakout of the flag pattern, which has since corrected and is now testing essential support areas.

Liquidity patterns suggest a short-term accumulation phase, with the price reclaiming previously lost levels below $147 and pushing into an order block between $150 and $154. Momentum indicators, such as the RSI and MACD, are beginning to shift in favor of the bulls. The RSI is currently at 56.48, reflecting a moderate increase in bullish pressure, while the MACD has confirmed a new bullish cross. The Supertrend and Parabolic SAR indicators also portray bullish conditions, with support lagging behind the price action.

Despite the bullish technical signals, directional strength remains weak, with ADX levels still subdued. The DMI shows +DI above -DI, but the strength of the trend lacks strong confirmation. Options data from Deribit indicates a concentration of open interest in the July 4 expiry at strike prices of 152 and 155, which may restrain near-term optimistic gains as traders anticipate probable opposition in that area.

Bollinger bands are starting to expand, implying that a breakout period is looming. Solana is slightly reaching toward the upper band at approximately $151.09, meaning that a breakout of this price may stimulate further price increases. The price has similarly returned to the level of VWAP at $149, revealing that the market is in equilibrium.

In the larger scheme of things, on a lower time frame, Solana will be trading below a significant descending trendline that will cut across at the point of about $160. The next stage higher still needs to see a definite break decisively above $155-160, with the assistance of volume. Solana’s price is currently navigating a key consolidation zone between $147 and $151. While short-term signals lean bullish, a sustained breakout depends on volume and broader market participation. Without that confirmation, the asset may revisit the lower end of its recent range.