Solana Surges 10% Past $137, Bullish Momentum Intensifies

Solana (SOL) has surged past the $137 mark, marking a significant milestone in its recent rally. This price movement has captured the attention of the crypto market, positioning Solana as one of the top-performing assets. The breach of the $137 level, which had previously acted as a key resistance point, suggests a potential shift in market sentiment. This development raises questions about whether the breakout will lead to a sustained upward trajectory or if a correction is imminent as traders secure profits.

From a technical standpoint, the $137 level was a critical psychological barrier that had previously capped SOL’s price. Overcoming this resistance required substantial buying pressure and positive market sentiment, both of which have been evident in recent weeks. The upward move has been supported by steady volume growth, indicating strong market participation and increasing investor confidence. This surge in trading activity suggests that buyers are actively accumulating, reinforcing the bullish momentum and reducing the likelihood of a premature reversal.

Momentum indicators, such as the Relative Strength Index (RSI), remain firmly in bullish territory, climbing up to 69%. This signals that the rally still has momentum. With Solana’s RSI approaching the 70% level, it suggests that buying pressure remains strong, and bulls are in control of the market. For SOL to extend its gains, buying interest must remain strong, and key resistance levels must be cleared with conviction. If demand persists, the rally could continue, but a loss of momentum might lead to a consolidation or short-term retracement.

With Solana maintaining its position above $137, traders are now looking ahead to potential price targets. If the uptrend continues, the next key resistance level to watch is around $164, a barrier that may determine whether SOL extends its rally. A successful break above this zone could open the door for a move toward $211, where previous price action suggests strong selling interest. Beyond $211, SOL targets the $240-$260 range, a crucial area that would mark a significant recovery to its all-time high levels. However, sustained buying pressure and increasing volume are essential for a bullish scenario.

On the downside, if Solana faces rejection at $164, a pullback could occur, with $137 acting as a key support zone. A breakdown below this level might shift momentum in favor of the bears, leading to a deeper correction toward the $118–$99 range. The next major move for Solana will depend on whether it can maintain its current momentum and clear key resistance levels, or if it will face a correction as traders lock in profits.