Solana at a Crossroads: Is $150 Within Reach in the Coming Weeks?

Solana prints its first green after several days of massive declines. It is currently up by almost 5% over the last 21 hours, but is grappling with a slight price decline at the time of writing.

The latest increase offers massive relief after the massive 6% decline the asset had on Sunday. However, it edged closer to completely erasing the previous day’s loss with limited results.

Nonetheless, investors hope the latest hike marks the start of further price gains, given last week’s price action. On a one-week scale, the asset lost almost 14%, with one of the biggest dips on Tuesday, when it plunged by almost 6%.

Although the asset is up by almost 5%, the moving average convergence divergence remains unchanged. It has continued its downtrend since the negative crossover a few days ago. However, there are several other indications that may suggest the asset is gearing up for further increases.

Solana Rebounded

Following Tuesday’s decline, the altcoin rebounded at $125. However, the uptick was short-lived, as the asset continued to downtrend on Thursday. A closer look at the chart shows that the mark was one of the toughest barriers where several declines halted.

However, SOL tore through it on Thursday, resulting in a further dip. The liquidation heatmap shows that the bulls also tried to defend the mark, as several liquidations occurred there. They failed to halt the momentum.

One reason for their failure was the overwhelming bearish fundamentals at the time. As a result, the selling volume outweighed the buying volume.

Solana recently rebounded to $117, but concerns persist that the latest hike may be short-lived. However, previous price movements allay those fears. A closer look at the charts shows that the barrier is not that the coin tests often.

Nonetheless, it is worth noting that the asset tested the support only five times since April 2024. Only once did it open a new candle below it, which means it’s a tough mark. A repeat happened on Sunday and rebounded off the mark.

Interestingly, after bouncing off the mark, the coin has gone on to retest $150. One such occurrence occurred in April 2025, when it tested support but surged afterward, peaking at $148. Another similar event happened in December, and the asset went on to test $150 almost four weeks later.

If the trend holds this time, Solana would likely retest $150 within the next four weeks. Aside from previous price movements, the Bollinger bands are also bullish.

Bollinger Band Hints at Impending Uptrend

Solana dropped to bollinger’s lower band on Sunday but recovered after briefly slipping below it. Traditionally, the asset is expected to surge higher in the coming days, reclaiming the middle band and upper band.

If the bulls sustain that ongoing upward momentum, the altcoin will break out of the BB, effectively flipping the $150 resistance.

Aside from the charts, on-chain metrics point to increased trader activity. For example, the number of active addresses increased over the last 20 days, indicating that investors are more active than in Q3 2025. It may be a recipe for massive buybacks.

Nonetheless, traders in the derivatives sector have more reasons to defend $117, as liquidations are piling up at the mark.

In a nutshell, there is a higher chance of Solana continuing its uptrend in the coming days if the current market conditions persist. However, fundamentals could alter the predictions. 

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