Solana's Volume Surges 5% Driving Price to $148.83

Solana's trading volume has surged from $74.50 billion to $78.50 billion, indicating a significant return of buyers to the market. This increase in volume has driven a potential breakout from a W-shaped rebound pattern, which is often seen as a bullish signal. The price of Solana has bounced from $125.99 to $148.83, forming a strong bullish structure with $138.00 now acting as a crucial support zone. This support zone is critical as it will determine whether Solana can sustain its upward momentum and potentially test the $150–160 resistance band.

Solana's volume initially stayed flat near $75.00 billion before spiking toward $76.50 billion by 8:00 PM, then briefly dipping below $75.50 billion. This pullback was followed by a resilient rebound that carried Solana volume past $77.00 billion through the early morning hours. The chart shows Solana finally pushing above $78.00 billion, hitting $78.50 billion before easing back slightly yet staying strong above $78.00 billion. This volume growth signals a market reawakening, with traders showing renewed interest in Solana.

Assessing Solana’s price action as volume climbed, Solana printed a peak at $179.64, then retraced to $141.84, forming a clear double-bottom near that level. Buyers regained momentum, lifting Solana toward $163.70 before another move down ended at $125.99. Solana’s quick rally to $148.83 after the $125.99 low shows this market still holds notable upside pressure. The $138.00 zone has now become a critical pivot, as Solana eyes a move toward $153.00 if support holds.

Solana’s current setup reflects repeated attempts to bounce back, staying structurally bullish while price action remains within the wide $125.99–$168.49 channel. The initial $179.64 high still acts as a long-term resistance that has yet to be retested, while reactions at $141.84 and $148.83 guide traders’ short-term outlook. The data shows Solana’s price rallying sharply off deep lows, confirming active buyer interest.

According to technical analyst BitGuru, Solana’s recent W-shaped recovery signals a possible retargeting of the $150–160 zone if the market stays above $138.00. Traders now weigh the risk of a fresh drop below $135.00 against the bullish continuation scenario. The steady climb in Solana’s volume and price both mirror a broader recovery-based narrative, where resilience at historic supports keeps sentiment intact.

Solana’s market, therefore, remains highly dynamic, with daily volume swings of nearly $4 billion and price swings of over $50. The price path shows a rounded retest with eyes on a possible breakout above $150. This pattern, backed by volume, illustrates how Solana’s technical strength is building despite earlier volatility. The sustained volume above $78 billion may fuel a fresh test of the $150–160 resistance band, potentially leading to a bullish breakout at $153.00.