- Solana trades within a rising channel, showing consistent highs/lows, with support at $167 and resistance near $185 holding strong.
- The 21MA supports SOL’s structure, with RSI confirming short-term overbought/rebound levels; breakout above $185 is key.
- SOL sustains a bullish trend above a long-term October 2022 trendline; $171 support may signal a directional shift if volume builds.
Solana (SOL) is trading within a structured ascending channel between $167.00 and $185.50, showing strong respect for both bounds. Price action remains active near mid-range levels as traders monitor for a decisive breakout or breakdown.
Channel Momentum Holds as Price Tightens Range
Solana has sustained movement inside a rising channel since May 8, forming consistent highs and higher lows across sessions. Price rebounded multiple times from support around $167.00, with overhead resistance near $185.50 halting upward pushes. The structure remains intact, providing clarity for short-term market direction.
At this stage of the pattern, Crypto Express identified a broadening wedge overlaying the ascending channel. According to Crypto Express, the 21-moving average has acted as dynamic support across the recent pullbacks. He also noted that candlestick wicks near $167.50 and $181.00 reflect increasing volatility within the defined range. Momentum has fluctuated but remains bound within clear parameters, with no confirmed breakout on either side.
Looking at RSI levels during the May 11 surge, he adds that short-term overbought conditions coincided with the upper channel rejection. This aligns with the subsequent retreat to $168.00, where the 21MA intersected the support zone. Crypto Express emphasized the importance of watching SOL price action closely at this juncture, as the next breakout may define the trend.
Strong Support Zone Reinforced by Mid-Term Trendline
SOL remains above a multi-month trendline dating back to October 2022, which has held firm across four key tests. The latest touch occurred near $104.00 in March 2025, from which price rebounded and rallied over 70%. The current price sits at $173.56, with strength returning near mid-range channel levels.
Following the breakout from $156.00 on May 9, Coinvo reported that SOL advanced aggressively toward $181.00 before encountering resistance. According to Coinvo, each upward thrust has aligned with earlier trendline structures and macro reversal zones. This has led to stronger confidence in continued institutional support at critical levels like $100.00 and $167.00.
To build on this, Coinvo noted the historical consistency of bounces off the long-term trendline across major correction phases. Even so, traders now look for SOL to hold above $171.00 in the short term. Could this higher low mark a directional shift if volume increases?
Not only that, but the sustained reaction from the 21MA suggests short-term traders are still buying dips within the structure. This maintains a bullish posture as long as the price respects the ascending framework. Are RSI and MACD aligned to confirm momentum for a test of $185.50? Even with volatility, the channel’s shape and reaction points offer clear levels to watch for continuation or reversal.
