Solana Price Climbs Above $150 on April 28 – Can SOL Hit $170 Next?

Solana price surged past $150 on April 28, 2025, which signals a strong shift in momentum by ending its recent bearish trend. Solana’s market sentiment is cautiously optimistic and is boosting investors’ confidence in Solana investment. As a result, Solana’s trading volume rises and positions itself for a potential move. Traders and investors are wondering whether it could reach a new high of $170. Let’s dive in to analyze SOL price movement for the last 24 hours to find whether it establishes a major breakout.

Solana Surges From $145 Dip – April 27, 2025

On 27th April 2025, Solana trading day exhibited a notable price action, demonstrating a strong bullish sentiment. During the early trading session, Solana began with a brief rise. But at 00:10 UTC, Solana encountered an RSI Overbought condition, indicating a possible trend reversal. Likely, at 00:25, Solana resisted at $150 and began to experience a steep decline. A Death Cross on MACD at 01:10 UTC affirmed this downtrend. Conversely, at 01:35 UTC, Solana encountered an RSI Oversold condition, indicating a potential uptrend. As expected, at 02:05 UTC, Solana found support at $145 and began to experience an uptrend. A Golden Cross on MACD at 02:40 UTC reasserted this uptrend. 

Chart 1 – Analyzed by Buvaneswari_L, published on TradingView, April 28, 2025

Subsequently, at 04:15 UTC, Solana price movement resisted at $147 and began to fall. At 05:30 UTC, Solana attempted to break the support at $145, which led to a fake out, bounced back, and experienced an uptrend. At 08:20 UTC, Solana broke the resistance at $147, breached a breakout, and reached $148. At 09:50 UTC, Solana resisted at $148 and began to decline. Substantially, at 12:35 UTC, Solana found support at $147.38 and began to move in an upward channel. A Golden Cross on MACD at 13:10 UTC affirmed this uptrend. 

At 18:40 UTC, Solana encountered an RSI Overbought situation, indicating a potential downtrend. As expected, at 18:45 UTC, Solana resisted at $150, began to experience a sharp fall, and closed at $147.81. A Death Cross on MACD at 19:15 affirmed this downtrend. 

Solana Stays Above $150 – April 28, 2025

On April 28, 2025, Solana trading day kicked off with a sharp decline, demonstrating a strong bearish sentiment. As illustrated in Chart 1, during the early trading session, Solana began with a brief fall. But at 00:20 UTC, Solana found support at $147.38 and began to experience a short-term rise. Conversely, at 00:40 UTC, Solana resisted at $147.95, began to fall, broke the support at $147.38, breached a breakout, and dropped to $144.77. At 01:35 UTC, Solana encountered an RSI Oversold zone, indicating a potential trend reversal. As expected, Solana found support at $144.77 and began to experience an uptrend. A Golden Cross on MACD at 02:10 UTC asserted this uptrend. 

Substantially, at 06:40 UTC, Solana broke the resistance at $150, breached a breakout, and reached $153.08. Later, at 10:35 UTC, Solana encountered an RSI Overbought condition, indicating a possible downtrend. Likely, at 10:40 UTC, a pin bar, followed by a full-body red candle, signaled a downtrend. As expected, Solana resisted at 153.08, experiencing a downtrend. 

Solana’s Next Move – Bear or Bull?

In today’s price analysis, the SOL price is projected to undergo a notable action. In a possible case, if Solana continues its downtrend, it could be pulled back and experience a sharp decline in price. If it finds a strong support level and attempts to move up, it could break the key resistance and increase the possibility of reaching a new high of $170. To know its next move, stay alert and watch out for its key resistance and support levels. 

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