Solana Price Prediction Today: SOL Eyes $145, But Expert Warns of Pullback

Solana (SOL) is showing fresh signs of strength after bouncing back from the $120 support level. Over the past month, the altcoin has gained 8.9%, including a 6.3% rise in the last seven days, suggesting growing bullish momentum.

According to Coinpedia Markets, Solana is currently trading at $140.22. The nearest resistance is at $142, with a stronger barrier expected around $145.

Solana Price Rebounds from April Lows

SOL dropped to $95.19 on April 7, but the decline was quickly met with strong buying interest. By April 11, the token had recovered above $120, which has since turned into a key support zone. The price rebound has been supported by encouraging technical indicators.

Solana is now trading above the 100-day Simple Moving Average (SMA), currently at $136.85. This level has flipped into support, strengthening the bullish case. A rising trendline on the hourly chart also suggests ongoing upward pressure, with additional support seen between $137 and $138.50.

Technical Indicators Support the Uptrend

On the daily chart, the Relative Strength Index (RSI) is at 58.89, indicating a gradual build-up in buying strength. The MACD is also trending higher, further confirming the positive outlook.

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What’s Next For SOL Price?

Despite the strong recovery, crypto analyst Ali has flagged a short-term bearish signal using the TD Sequential indicator on the 12-hour chart. The indicator has flashed a “sell” signal, suggesting the possibility of a brief pullback before the next leg higher.

If Solana falls below the $137 support level, it could test the $132 range. However, if buyers manage to break through the $145 resistance and hold above $150, SOL could target $155 next, and potentially $165 in the near term.

SOL’s bounce from $120 might just be the reset bulls needed to aim higher in the days ahead.

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