Solana Price Jumps 3.57% to $151.13, Market Cap Rises 3.59%

Solana's price surged to $151.13, marking a 3.57% increase within a 24-hour period. This upward movement was accompanied by a rise in market capitalization to $80.77 billion, a 3.59% increase over the same duration. However, despite these gains, short-term indicators suggest potential corrections in the near future.

The volume of trading activity decreased significantly by 22% to $2.45 billion, indicating a decline in market participation despite the price increase. Analysts are closely monitoring the $152.15 resistance level, as technical charts suggest the formation of a potential retracement zone near this price point.

On the 4-hour chart, Solana's price action aligns near the 1.0 Fibonacci retracement level at approximately $152.15, which now acts as resistance. The TD Sequential indicator has also flashed a potential sell setup, appearing after Solana tested and was briefly rejected near the $152 level. This setup indicates that the market remains vulnerable to downside pressures, with historical resistance at this level further supporting the likelihood of a pullback.

Despite the steady price climb, the daily volume decline of over 22% could weaken upward momentum. A lower volume-to-market-cap ratio at 3.03% suggests less aggressive market activity, which often precedes short-term corrections when bullish momentum becomes unsustainable. If the current pattern holds, the price may revisit support around $145.97 before establishing the next directional trend.

Support remains anchored at $145.97, aligned with the 0.618 Fibonacci line on recent chart patterns. If bearish action unfolds, this area could provide temporary stability. Until Solana breaks decisively above $152.15 with stronger volume, the retracement path toward $146 remains valid. The upper resistance at $154.68 could serve as the next challenge if bullish strength resumes. For now, Solana’s chart structure shows a temporary cooling phase following its recent gains.