- Solana is holding crucial support at $145, with a breakout above $155 potentially opening the path to $180.
- While short-term charts flash caution, a bullish weekly cup-and-handle pattern hints at a longer-term move toward $300.
Solana (SOL) is treading a fine line as it clings to the critical $145 support level—an area that could determine whether the altcoin makes a bullish leap toward $180 or faces a deeper correction. After rebounding from near $95 and climbing to $157, SOL has entered a consolidation phase, now hovering around $148. While short-term signals are mixed, a broader bullish pattern continues to support long-term optimism.
On the 4-hour chart, Solana has been stuck in a narrow range between $145 and $155. The inability to break above $150 has resulted in a pause in bullish momentum, compounded by a bearish head-and-shoulders pattern that has now completed. Its neckline rests right at $145—making this support zone a make-or-break level. A breakdown here could see SOL quickly revisiting the 200-day EMA near $137, or even falling to $124 if selling pressure accelerates.
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However, not all signs are bearish. Solana’s long-term chart reveals a different picture. A cup-and-handle formation is taking shape on the weekly timeframe, with the cup’s rim aligning around the $300 level. This bullish continuation pattern, if confirmed, could signal a strong upside breakout and potentially a move toward new all-time highs.
In the short term, a successful bounce from $145 and a breakout past $155 could set the stage for a move to $165, then $180—key resistance areas where buying volume will be tested. But if $145 fails, bulls will need to regroup near $137 or risk losing control of the broader uptrend.
For now, Solana’s ability to defend $145 is pivotal. A sustained hold could ignite fresh momentum, supporting the bullish case toward $180 and, ultimately, the $300 breakout level in the weeks ahead. Traders should closely monitor the interaction between short-term bearish signals and the promising long-term structure.
