Solana Surges 48% But Faces $150 Resistance

Solana (SOL) has regained significant attention following a robust 48% surge since early April, as bullish momentum resurfaces. However, a critical short-term indicator suggests potential exhaustion, with a fresh TD Sequential sell signal emerging. This signal warns of a possible pullback, as investors closely monitor the $150 resistance zone, where the Solana price is currently trading around $139.43. The short-term trajectory of Solana may be influenced by whether it can break through this resistance or retreat.

After weeks of bearish sentiment, the SOL price experienced an impressive rebound, gaining over 48% since April 7. This rally pushed SOL towards the psychological $150 resistance, a historically significant barrier. However, this recovery may face challenges, as top analyst Ali Martinez identified a potential pullback signal using the TD Sequential indicator on the 12-hour chart. This tool, known for spotting exhaustion zones, suggests that SOL’s rally might be losing momentum.

The Solana price is now hovering around $139.43, with bulls attempting to consolidate above recent gains. However, the crypto market remains cautious. Despite the breakout, the rally is still unfolding within a broader downtrend, where SOL has lost more than 65% from its 2025 highs. For now, bullish momentum hinges on reclaiming and holding above $150. If successful, it could trigger renewed buying pressure and validate a sustained uptrend.

The market’s next move may depend on Solana’s ability to break above $150. A decisive close above this resistance could reignite bullish sentiment, with potential targets near $165 and even $180. However, if SOL falters, a consolidation between $130 and $120 may follow, often a healthy setup for continued upside. This consolidation suggests bulls are absorbing selling pressure without triggering sharp declines.

Conversely, failure to hold $120 could expose SOL to deeper losses, with the $100 mark acting as the next demand zone. A breach below $100 would undermine the bullish premise and risk a broader downturn. Meanwhile, the crypto market remains sensitive to macro variables, especially trade concerns. However, rising cryptocurrency enthusiasm and liquidity could provide a positive environment for the SOL price to rebound.

Analysts also point to rising whale activity on Solana, which could indicate quiet accumulation. Historically, such upticks in Solana whale transactions have preceded bullish reversals, giving traders another reason to remain cautiously optimistic.

Despite warning signs, the current rally has injected fresh optimism into the Solana ecosystem. Key metrics like Solana whale transactions, short-term trend indicators, and macro factors will guide the next leg of the move. If bulls can reclaim the $150 level and build a base above it, the Solana price could see sustained upside. If not, a brief cooldown or even a deeper correction could follow.

The battle at $150 is more than just technical; it’s psychological. If bulls clear this resistance, the price of Solana could ride fresh momentum. However, with a bearish TD Sequential signal flashing, traders should proceed cautiously. In this delicate balance between optimism and risk, SOL’s next move could define its trajectory heading into Q2 2025.