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Altcoin Analysis

Solana Shows Signs of Strength as Bulls Target a Break Above $145

Solana Shows Signs of Strength as Bulls Target a Break Above $145

Solana is beginning to attract renewed bullish attention after a steady climb over the past week.

Key Takeaways:

  • Solana has climbed about 10% in a week and is now testing the $143–$145 resistance range.
  • RSI and MACD on the 4-hour chart show improving bullish momentum and a possible trend shift.
  • Dominance in tokenized stock trading continues to support long-term confidence in the Solana ecosystem. 

The asset has gained roughly 10% and is now hovering just below a key resistance band at $143–$145, a zone that has repeatedly stopped upside attempts since mid-November.

Momentum shifts toward buyers

Short-timeframe charts show improving sentiment. The 4-hour RSI has risen from oversold territory to the mid-50s, a level that historically signals increasing buyer control rather than overheating.
At the same time, the MACD has crossed upward, with the signal lines widening — a formation traders often associate with trend acceleration rather than a relief bounce.

Analysts following the move point to the formation visible on the latest price structure: after weeks of lower highs, Solana is testing the upper boundary of its descending trendline. A decisive breakout would invalidate the downtrend that has been in place since September.

Market analysts predict further upside if breakout holds

Well-followed trader Captain Faibik noted on X that a breakout could trigger a recovery rally of about 25%, projecting upside continuation if price holds above the trendline.

While analysts do not share a unified target, the technical picture suggests that every failure to break lower increases the probability of a resistance challenge.

Fundamentals add weight to the move

Solana’s recent price strength is not purely technical. The network continues to dominate tokenized stock trading markets, capturing more than 95% of monthly trading volume from July through October and hitting 99% in October alone.

Growing demand from tokenized-asset protocols such as xStocks and Dinari has helped position the blockchain as the preferred infrastructure for real-world asset settlement.

What to watch next

The immediate level of interest remains $143–$145. A rejection would keep Solana inside the multi-month descending structure; a breakout supported by volume opens the door to further upside continuation.

For now, the combination of improving indicators, solid market structure, and strong fundamental activity has shifted short-term sentiment in Solana’s favor — but validation depends on a clean move through resistance.


The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

Author

Reporter at Coindoo

Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.

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