Solana Price Shows Bullish Momentum, Eyes $156 Resistance Target

Solana’s price is demonstrating a bullish trend after bouncing back from the 21-day exponential moving average (EMA). The price action and momentum suggest a potential rally towards the significant resistance level of $156.

Key Takeaways

Solana has shown strong bullish behavior, consistently making higher highs and higher lows.
The recent price reaction from the 21EMA indicates continued buyer control.
Crucial resistance levels lie ahead, with $156 as the primary target for this bullish structure.
Volume and momentum will be essential for sustaining upward movement.
A drop below the 21EMA could delay the bullish trend but would not invalidate it unless major support levels are breached.

Solana price bullish respect from 21EMA suggests higher prices

Solana Price Analysis

Solana price bounces from 21EMA with $156 upside target in sight - 1
SOLUSDT (4H) Chart, Source: TradingView

From a structural perspective, Solana remains entrenched in a bullish trend. The price continues to form consecutive higher highs and higher lows, a pattern typical of trending markets. Notably, the recent pullback found support at the 21EMA, indicating that buyers are still in command.

Historically, the 21EMA has served as a trustworthy support level for Solana during bullish trends. The latest bounce from this moving average supports the notion of healthy consolidation rather than a reversal of the trend. As long as the price consistently holds above the 21EMA, the bullish structure will remain robust.

The significance of this reaction also aligns with the Point of Control (POC), which indicates the price level with the highest trading volume and often attracts price movement. Successfully reclaiming this level would suggest renewed acceptance at higher prices and bolster the case for further gains.

Analyzing Resistance Levels and Liquidity Targets

With support holding firm, attention now shifts to the overhead resistance areas. The next key zones of interest are located at the recent swing highs and the value area high, where liquidity is likely situated. These regions generally act as natural price targets during continuation phases, as markets look for liquidity to drive further movement.

If Solana can successfully reclaim the Point of Control on a closing basis, the likelihood of reaching these higher price levels increases. Upon entering these zones, liquidity above earlier highs could provide the momentum necessary to extend towards the $156 target.

The $156 mark represents a significant resistance level on higher timeframes and serves as the main objective for this current bullish structure. Reaching this level would affirm that the bullish trend continues to thrive and that buyers remain in control of the price action.

Volume and Momentum Analysis

While the structural setup and support are promising, volume behavior will play a critical role in determining the extent of the rally. A bullish continuation is most effective when it is backed by increasing buy-side volume, indicating genuine market participation rather than temporary positioning.

Thus far, Solana’s reactions from support have been encouraging, but sustained bullish inflows are necessary to push the price through intermediate resistance levels. A volume-backed reclaim of the Point of Control would significantly enhance the case for continuation and bolster confidence in reaching the $156 target.

Without confirming volume, the price may continue to stabilize above the 21EMA before attempting another upward move.

Outlook for Future Price Movement

A successful reclaim of the Point of Control would facilitate movement toward the value area high and prior swing highs, with $156 as the main target for higher resistance. However, a failure to hold above the 21EMA could delay bullish continuation, though the broader structure would remain intact unless critical higher-low support is lost.