- Solana holds above key support at $165–$170, with a bullish structure intact and signs of active accumulation for a potential breakout.
- Expert Crypto Jobs highlights $155–$158 as a prime demand zone and $186.94 as the critical level for bullish momentum confirmation.
- Ichimoku levels align near $170.31, creating equilibrium, while $195.60 resistance could trigger the next leg toward $208 and higher.
Solana (SOL) closed the weekly candle at $170.31 on May 19, showing signs of resilience amid recent selling. Price action now hovers near a key equilibrium level, keeping bullish continuation on the table for late May.
Bullish structure remains intact above rising support
Solana continues to respect ascending support levels formed since mid-April. The price trades above two trendlines, one steeper, showing short-term momentum, and the other, broader structural support. Current price activity sits inside a wide imbalance zone stretching from $165 to $208.
The Technical Analyst Crypto Job has presented a detailed analysis of SOL’s price outlook. His assessment highlights the significance of the current price structure holding above key support areas. According to Crypto Jobs, the $155–$158 range could offer an ideal demand zone for long entries.
Tracking price movements, he believes consolidation between $155 and $160 would be a positive sign before the next leg up. He also points out that a clean four-hour candle close above $180 might trigger a volume surge. On the weekly timeframe, he expects a breakout above $187 to target the $230 resistance region.
What’s even more compelling is his forecast that any retracement toward $165 or $155 remains healthy and constructive. He explains that price has tested trendline support multiple times without breakdown, signaling active buyer defense. This suggests market participants are accumulating within this zone ahead of a potential breakout.
Ichimoku and volume zones suggest price equilibrium
Crypto Jobs has also provided insights using the Ichimoku Cloud and volume profiles to outline upcoming resistance. The Tenkan-sen sits at $167.81, and the Kijun-sen aligns exactly at $170.31, matching the current weekly close. This overlap creates a critical equilibrium level that bulls must defend.
Above the cloud, Senkou Span A leads at $195.55, marking a key resistance zone. The red future cloud hints at potential congestion or rejection into Q3 2025. Still, this doesn’t mean everything is settled; traders will watch for confirmation above $195.60.
Why is the $186.94 level so important now? Because a breakout above this range would confirm bullish control and expose higher targets at $208 and beyond. Crypto Jobs concludes that momentum remains intact as long as $165 continues to hold as structural support
