Solana, a highly discussed altcoin, faces a critical technical moment. After a challenging start to 2025, SOL shows signs of stabilization. Is Solana ready for a significant trend change or is this another deceptive bounce?
Early Signs of Trend Shift
Solana is gradually recovering from a significant price drop. After hitting a local low near $120 in early March, SOL price stabilized. The daily chart shows that SOL regained the 20-day SMA, but it is still below the 50-day and 100-day SMAs, which serve as dynamic resistance levels at $154 and $183 respectively.
Technical Indicators: Pros and Cons
Momentum indicators paint a mixed picture. The RSI is at 48.29, slightly below the neutral 50 level, indicating market caution. However, an RSI higher low formation usually precedes a price rally. For confirmation, RSI needs to break above the 55-60 range.
Key Resistance and Support Levels
Currently, the $130 level stands out as a significant psychological and technical support. If Solana fails to hold above this level, the next important demand level is around $120. Resistance is located in the $145–$155 range; successfully breaking this level could pave the way to $170 and possibly $183.
Solana is at a crucial technical juncture. The price is compressing between short-term moving averages and horizontal resistance, indicating an imminent significant move. The future direction will depend on the reaction to the $145–$155 resistance range in the upcoming sessions.
