Solana Sees Spike in Positive Sentiment as Price Consolidates Below Resistance

Solana (SOL) continues to draw heightened attention across crypto communities amid rising institutional interest and a surge in social engagement. The blockchain is the second-largest total value locked (TVL), estimated at $6.8 billion.

According to Santiment, positive to negative social sentiment around SOL has reached a rare 18-to-1, highlighting growing investor enthusiasm. This trend appears to be driven by notable developments such as BlackRock’s integration of its tokenized BUIDL fund with the Solana network.

GameStop-related discussions have also re-emerged within crypto spaces, fueling additional momentum and boosting SOL’s visibility on major platforms. Historically, Santiment data suggests such spikes in sentiment often precede short-term price advances.

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SOL Price Testing Key Technical Levels Amid Mixed Indicators

At the time of writing, Solana is trading around $138.11, posting a modest gain of 0.53 percent within the daily session—the current price hovers near the Bollinger Bands’ middle, indicating ongoing consolidation.

The $130.93 point is a key short-term support factor based on the 20-day Bollinger Band midline. Any attempt for the price to rise through $143.78 will encounter immediate resistance as this value represents the upper Bollinger Band position.

A price move above $143.78 can produce an uptrend toward $160 if the market momentum continues to grow. The asset becomes vulnerable to downward price movement when support levels below $130 fail to hold, and the nearest possible support point appears at $118.08.

The Moving Average Convergence Divergence indicator shows a small bullish crossover as its current signal pattern. Bullish momentum potentially exists early on because the MACD line presently shows -4.22 while sitting near the signal line at -7.44.

Meanwhile, the trading volume remains moderate at 663.5K, showing neither a strong accumulation phase nor heavy distribution. The Relative Strength Index is not visible on this chart, but price action indicates a neutral to slightly bullish tone.

Conclusion

Solana’s strong social sentiment, backed by institutional developments and a supportive community, is helping sustain price consolidation. Market participants closely watch the $143.78 resistance for signs of a breakout, which could strengthen the ongoing recovery.

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