Solana Surges 10% to $150, Bullish Momentum Drives Price Breakout

Solana (SOL) has recently surged past $150, capturing significant attention in the crypto market. After a period of sideways movement and consolidation, SOL's price is now showing signs of a potential breakout, which could lead to a major rally. This bullish momentum is driven by growing investor interest, positive network fundamentals, and bullish chart formations.

On the daily chart, SOL has cleared the 50-day and 100-day moving averages and is now challenging the 200-day SMA at $155. This resistance zone has previously triggered sell-offs, but a successful close above it could flip the market structure firmly bullish. This would open the path toward $180 and possibly even $200 in the near term. The Advance-Decline Line (ADL) is also showing strength, with values rising steadily, suggesting that accumulation is underway and large market players may be stepping in. The MA ribbon on the daily chart is starting to converge, indicating that consolidation may soon give way to a trend expansion.

The hourly chart reveals a clean breakout from the $145–$150 consolidation range. A strong bullish momentum wave has pushed prices upward, confirming a textbook cup-and-handle breakout pattern. Volume has surged during this move, and all major SMAs (20, 50, 100, 200) have now aligned in a bullish stack. This setup is highly favorable for technical traders, with strong confluence of support and directional bias. In terms of intraday action, the hourly candles are showing consistent higher highs and higher lows, with the ADL confirming positive capital flow. Unless a sharp reversal occurs, momentum is expected to continue driving SOL price upward over the next 24–48 hours.

If Solana can maintain momentum above the $155 resistance, the next upside target lies at $172, which is a previous high from March. Beyond that, psychological and technical resistance near $180 could be tested. A close above $180 would confirm a long-term reversal and potentially ignite a new uptrend phase toward $200+. However, if rejection happens around $155 and the price slips below the 50-day SMA at $146, it could trigger short-term profit-taking, pushing the price back toward $140–$145 support.

Beyond the charts, Solana price continues to benefit from increasing institutional interest and growing developer adoption, particularly in DeFi, NFTs, and Web3 applications. With low transaction costs and a scalable infrastructure, Solana remains a leading alternative to Ethereum, especially for retail use cases and microtransactions. The current technical setup supports a bullish continuation in both the short and medium term, assuming broader crypto market sentiment remains positive.